Hecla Mining (NYSE:HL) Short Interest Update

Hecla Mining (NYSE:HL - Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 15,720,000 shares, a decrease of 6.3% from the December 31st total of 16,780,000 shares. Based on an average daily volume of 11,890,000 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Hecla Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in Hecla Mining in the fourth quarter valued at approximately $44,000. U S Global Investors Inc. increased its holdings in Hecla Mining by 150.0% in the fourth quarter. U S Global Investors Inc. now owns 500,000 shares of the basic materials company's stock valued at $2,455,000 after purchasing an additional 300,000 shares during the period. Proficio Capital Partners LLC bought a new position in Hecla Mining during the 4th quarter worth $207,000. Schnieders Capital Management LLC acquired a new position in Hecla Mining during the 4th quarter worth about $59,000. Finally, Los Angeles Capital Management LLC grew its position in shares of Hecla Mining by 15.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 128,725 shares of the basic materials company's stock valued at $632,000 after buying an additional 17,405 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Hecla Mining Stock Up 1.1 %

HL traded up $0.07 during trading on Wednesday, reaching $5.95. The company had a trading volume of 21,542,295 shares, compared to its average volume of 16,032,747. The company has a market cap of $3.73 billion, a P/E ratio of -148.63 and a beta of 1.91. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. The business's fifty day moving average price is $5.37 and its 200 day moving average price is $5.84.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The company had revenue of $245.09 million during the quarter, compared to analysts' expectations of $232.03 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. Hecla Mining's revenue for the quarter was up 34.7% compared to the same quarter last year. Equities analysts anticipate that Hecla Mining will post 0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HL shares. TD Securities decreased their target price on shares of Hecla Mining from $8.50 to $8.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. StockNews.com downgraded Hecla Mining from a "hold" rating to a "sell" rating in a report on Thursday, October 17th. Finally, National Bank Financial cut Hecla Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $7.94.

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.