Hecla Mining (NYSE:HL - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $5.44, but opened at $5.68. Hecla Mining shares last traded at $5.60, with a volume of 3,300,458 shares traded.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on HL shares. HC Wainwright restated a "buy" rating and set a $11.50 price objective on shares of Hecla Mining in a research note on Friday, February 14th. StockNews.com raised Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday. National Bank Financial lowered Hecla Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. TD Securities decreased their price target on Hecla Mining from $8.50 to $8.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Finally, Roth Mkm dropped their price objective on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $8.38.
Check Out Our Latest Stock Report on HL
Hecla Mining Stock Up 4.9 %
The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The stock has a market cap of $3.57 billion, a P/E ratio of 112.92 and a beta of 1.91. The company's 50 day moving average price is $5.42 and its two-hundred day moving average price is $5.86.
Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business had revenue of $249.66 million during the quarter, compared to the consensus estimate of $229.21 million. Equities analysts forecast that Hecla Mining will post 0.2 earnings per share for the current year.
Hecla Mining Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders 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 yield of 0.27%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining's dividend payout ratio is presently 100.02%.
Institutional Trading of Hecla Mining
A number of hedge funds and other institutional investors have recently bought and sold shares of HL. Charles Schwab Investment Management Inc. grew its stake in shares of Hecla Mining by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company's stock valued at $44,813,000 after acquiring an additional 456,107 shares during the period. FMR LLC increased its stake in shares of Hecla Mining by 51.3% in the third quarter. FMR LLC now owns 5,435,909 shares of the basic materials company's stock worth $36,258,000 after purchasing an additional 1,842,991 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Hecla Mining in the third quarter worth $1,210,000. Geode Capital Management LLC increased its stake in Hecla Mining by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company's stock worth $92,499,000 after buying an additional 711,676 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Hecla Mining by 378.1% during the third quarter. BNP Paribas Financial Markets now owns 897,261 shares of the basic materials company's stock valued at $5,985,000 after acquiring an additional 709,576 shares during the period. Hedge funds and other institutional investors own 63.01% of the company's stock.
Hecla Mining Company Profile
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Get Free Report)
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.
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