Hecla Mining Co. (HL) Sees Strong Trading Volume
Hecla Mining Co. (NYSE:HL) saw an uptick in trading volume on Wednesday . 10,322,512 shares were traded during trading, an increase of 7% from the previous session’s volume of 9,607,699 shares.The stock last traded at $5.79 and had previously closed at $6.33.
Several research firms have commented on HL. Royal Bank Of Canada raised their price objective on Hecla Mining from $3.25 to $4.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 31st. FBR & Co raised their price objective on Hecla Mining from $5.00 to $6.00 and gave the stock a “mkt perform” rating in a report on Tuesday, August 9th. Scotiabank upgraded Hecla Mining from an “underperform” rating to a “sector perform” rating and raised their price objective for the stock from $3.75 to $6.15 in a report on Wednesday, July 13th. Zacks Investment Research upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a report on Monday, July 11th. Finally, Deutsche Bank AG raised their price objective on Hecla Mining from $4.20 to $5.50 and gave the stock a “hold” rating in a report on Tuesday, August 9th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Hecla Mining presently has a consensus rating of “Hold” and an average price target of $5.27.
The firm’s market capitalization is $2.31 billion. The firm has a 50 day moving average price of $6.39 and a 200-day moving average price of $4.29.
Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business earned $171.30 million during the quarter, compared to analyst estimates of $141.25 million. The company’s revenue was up 64.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Equities analysts expect that Hecla Mining Co. will post $0.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 23rd will be issued a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Friday, August 19th.
In other Hecla Mining news, insider Lawrence P. Radford sold 100,000 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $7.12, for a total transaction of $712,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony P. Taylor sold 15,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $7.13, for a total value of $106,950.00. Following the transaction, the director now owns 30,000 shares in the company, valued at $213,900. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Hecla Mining stock. Rhumbline Advisers boosted its position in Hecla Mining Co. (NYSE:HL) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 544,620 shares of the company’s stock after buying an additional 21,985 shares during the period. Rhumbline Advisers owned approximately 0.14% of Hecla Mining worth $1,029,000 at the end of the most recent reporting period.
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi.
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