Hecla Mining (HL) Sets New 52-Week Low at $3.61
Shares of Hecla Mining Company (NYSE:HL) reached a new 52-week low during trading on Tuesday . The company traded as low as $3.61 and last traded at $3.68, with a volume of 5157400 shares traded. The stock had previously closed at $3.72.
HL has been the topic of a number of research reports. HC Wainwright reissued a “buy” rating and issued a $8.50 price objective on shares of Hecla Mining in a research note on Tuesday, August 29th. Canaccord Genuity raised Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research note on Tuesday, November 14th. BMO Capital Markets initiated coverage on Hecla Mining in a research note on Friday, November 17th. They issued a “market perform” rating and a $4.75 price objective on the stock. ValuEngine downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, Royal Bank Of Canada set a $6.00 price objective on Hecla Mining and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.91.
The company has a quick ratio of 2.15, a current ratio of 2.69 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1,484.35, a price-to-earnings ratio of 53.14, a PEG ratio of 68.89 and a beta of 0.20.
Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The business had revenue of $140.80 million for the quarter, compared to analysts’ expectations of $151.32 million. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The company’s quarterly revenue was down 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. equities analysts forecast that Hecla Mining Company will post 0.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 21st were issued a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Monday, November 20th. Hecla Mining’s payout ratio is 16.67%.
In related news, Director George R. Nethercutt, Jr. sold 62,500 shares of Hecla Mining stock in a transaction on Friday, October 13th. The stock was sold at an average price of $5.24, for a total value of $327,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in shares of Hecla Mining by 15.6% during the second quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock valued at $119,000 after buying an additional 3,143 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Hecla Mining during the second quarter valued at $124,000. Pacad Investment Ltd. grew its holdings in shares of Hecla Mining by 10.4% during the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock valued at $140,000 after buying an additional 2,600 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Hecla Mining by 148.1% during the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock valued at $142,000 after buying an additional 16,561 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Hecla Mining by 2.6% during the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock valued at $162,000 after buying an additional 802 shares in the last quarter. Institutional investors and hedge funds own 60.33% of the company’s stock.
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About Hecla Mining
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. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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