Hecla Mining (NYSE:HL) Trading Up 6.4% – Here’s What Happened

Hecla Mining (NYSE:HL)’s stock price was up 6.4% during mid-day trading on Thursday . The company traded as high as $5.73 and last traded at $5.73. Approximately 9,323,307 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 17,039,680 shares. The stock had previously closed at $5.38.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HL shares. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday. HC Wainwright reiterated a “buy” rating and issued a $11.50 price objective on shares of Hecla Mining in a report on Friday, February 14th. Roth Mkm cut their price target on Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a report on Tuesday. Finally, TD Securities reduced their price target on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Hecla Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.38.

Hecla Mining Trading Up 6.8 %

The business has a 50 day moving average price of $5.42 and a 200-day moving average price of $5.86. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 114.32 and a beta of 1.91. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The business had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. As a group, research analysts expect that Hecla Mining will post 0.2 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining’s dividend payout ratio (DPR) is 100.02%.

Institutional Trading of Hecla Mining

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of Hecla Mining by 771.8% during the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 4,438 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new position in Hecla Mining during the fourth quarter valued at approximately $25,000. Principal Securities Inc. acquired a new position in Hecla Mining during the fourth quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Hecla Mining in the 3rd quarter valued at $28,000. Finally, Blue Trust Inc. grew its stake in Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after buying an additional 1,961 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.