Hecla Mining Co. (HL) Shares Up 4.9%
Hecla Mining Co. (NYSE:HL) shares shot up 4.9% on Thursday . The stock traded as high as $5.85 and last traded at $5.78, with a volume of 9,480,070 shares traded. The stock had previously closed at $5.51.
Several research firms have recently weighed in on HL. JPMorgan Chase & Co. raised Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 price objective for the company in a research report on Tuesday, August 9th. Deutsche Bank AG upped their price objective on Hecla Mining from $4.20 to $5.50 and gave the stock a “hold” rating in a research report on Tuesday, August 9th. FBR & Co upped their price objective on Hecla Mining from $5.00 to $6.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, August 9th. BMO Capital Markets cut Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 price objective for the company. in a research report on Tuesday. Finally, Zacks Investment Research raised Hecla Mining from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research report on Monday, July 11th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.27.
The stock’s 50 day moving average price is $6.39 and its 200-day moving average price is $4.31. The firm’s market capitalization is $2.22 billion.
Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business earned $171.30 million during the quarter, compared to the consensus estimate of $141.25 million. The business’s revenue was up 64.4% on a year-over-year basis. During the same period last year, the business posted ($0.05) earnings per share. Equities analysts anticipate that Hecla Mining Co. will post $0.19 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 23rd will be given a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Friday, August 19th.
In related news, insider Lawrence P. Radford sold 100,000 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $7.12, for a total value of $712,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony P. Taylor sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $6.09, for a total value of $30,450.00. Following the completion of the sale, the director now directly owns 45,000 shares of the company’s stock, valued at $274,050. 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 shares of Hecla Mining Co. (NYSE:HL) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 about 0.14% of Hecla Mining worth $1,029,000 at the end of the most recent quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.