Hecla Mining Co. (HL) Shares Down 2.4%
Shares of Hecla Mining Co. (NYSE:HL) fell 2.4% during mid-day trading on Tuesday . The stock traded as low as $5.69 and last traded at $5.71, with a volume of 4,679,914 shares trading hands. The stock had previously closed at $5.85.
Several brokerages recently issued reports on HL. Zacks Investment Research raised Hecla Mining from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research note on Monday, July 11th. Deutsche Bank AG lifted their target price on Hecla Mining from $4.20 to $5.50 and gave the company a “hold” rating in a research note on Tuesday, August 9th. FBR & Co reissued a “market perform” rating and set a $6.00 target price (up previously from $5.00) on shares of Hecla Mining in a research note on Monday, August 8th. Scotiabank raised Hecla Mining from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $3.75 to $6.15 in a research note on Wednesday, July 13th. Finally, JPMorgan Chase & Co. raised Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 target price on the stock in a research note on Tuesday, August 9th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $5.27.
The company’s market capitalization is $2.17 billion. The company has a 50-day moving average price of $6.36 and a 200 day moving average price of $4.40.
Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. During the same quarter in the prior year, the company posted ($0.05) EPS. The business had revenue of $171.30 million for the quarter, compared to analysts’ expectations of $141.25 million. The business’s revenue for the quarter was up 64.4% compared to the same quarter last year. On average, equities analysts forecast that Hecla Mining Co. will post $0.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd were given a dividend of $0.0025 per share. The ex-dividend date was Friday, August 19th. This represents a $0.01 dividend on an annualized basis and a yield of 0.18%.
In other Hecla Mining news, Director Anthony P. Taylor sold 6,921 shares of the stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $4.94, for a total transaction of $34,189.74. Following the transaction, the director now owns 50,000 shares in the company, valued at $247,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David C. Sienko sold 13,722 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $5.85, for a total value of $80,273.70. The disclosure for this sale can be found here.
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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