Hecla Mining (NYSE:HL) shot up 8.9% during trading on Wednesday . The company traded as high as $3.02 and last traded at $2.94. 8,012,578 shares changed hands during mid-day trading, an increase of 76% from the average session volume of 4,560,544 shares. The stock had previously closed at $2.70.

A number of research firms recently commented on HL. BMO Capital Markets reiterated a “hold” rating and issued a $3.50 price objective (down previously from $4.00) on shares of Hecla Mining in a report on Thursday, August 9th. HC Wainwright set a $7.00 price objective on Hecla Mining and gave the company a “buy” rating in a report on Friday, August 10th. ValuEngine downgraded Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Zacks Investment Research downgraded Hecla Mining from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, Roth Capital began coverage on Hecla Mining in a report on Monday. They issued a “buy” rating and a $5.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.81.

The firm has a market capitalization of $1.29 billion, a PE ratio of 29.40, a PEG ratio of 77.43 and a beta of 0.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.35 and a quick ratio of 2.77.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, August 9th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. Hecla Mining had a positive return on equity of 2.91% and a negative net margin of 1.02%. The company had revenue of $147.30 million during the quarter, compared to the consensus estimate of $143.33 million. During the same period in the prior year, the company earned ($0.04) earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities analysts forecast that Hecla Mining will post 0.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 24th were issued a $0.0025 dividend. The ex-dividend date was Thursday, August 23rd. This represents a $0.01 annualized dividend and a dividend yield of 0.34%. Hecla Mining’s dividend payout ratio (DPR) is currently 10.00%.

Several institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB increased its holdings in shares of Hecla Mining by 34.4% in the first quarter. Xact Kapitalforvaltning AB now owns 60,916 shares of the basic materials company’s stock worth $224,000 after acquiring an additional 15,600 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in shares of Hecla Mining by 13.2% in the first quarter. MetLife Investment Advisors LLC now owns 179,688 shares of the basic materials company’s stock worth $659,000 after acquiring an additional 20,906 shares in the last quarter. Financial Advocates Investment Management bought a new stake in shares of Hecla Mining in the first quarter worth about $103,000. Swiss National Bank increased its holdings in shares of Hecla Mining by 4.5% in the first quarter. Swiss National Bank now owns 694,637 shares of the basic materials company’s stock worth $2,549,000 after acquiring an additional 29,600 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Hecla Mining by 193.3% in the first quarter. SG Americas Securities LLC now owns 62,832 shares of the basic materials company’s stock worth $231,000 after acquiring an additional 41,411 shares in the last quarter. Institutional investors own 51.96% of the company’s stock.

About Hecla Mining (NYSE:HL)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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