Hecla Mining (NYSE:HL) Shares Up 4.7% - Here's What Happened

Hecla Mining (NYSE:HL - Get Free Report) shares traded up 4.7% on Monday . The company traded as high as $5.86 and last traded at $5.95. 7,444,591 shares were traded during trading, a decline of 50% from the average session volume of 14,754,380 shares. The stock had previously closed at $5.68.

Wall Street Analysts Forecast Growth

Several equities research 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 research note 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, TD Securities dropped their price objective on Hecla Mining from $8.50 to $8.00 and set a "buy" rating on the stock in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.94.

Hecla Mining Trading Up 0.8 %

The firm has a market cap of $3.77 billion, a P/E ratio of -149.88 and a beta of 1.91. The business's 50-day moving average is $5.39 and its two-hundred day moving average is $5.84. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Hecla Mining in the 4th quarter valued at about $1,640,000. Arizona State Retirement System boosted its holdings in shares of Hecla Mining by 1.3% in the fourth quarter. Arizona State Retirement System now owns 173,616 shares of the basic materials company's stock valued at $852,000 after acquiring an additional 2,297 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Hecla Mining during the fourth quarter valued at approximately $207,000. Exencial Wealth Advisors LLC bought a new stake in Hecla Mining during the fourth quarter worth approximately $181,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Hecla Mining by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company's stock worth $35,453,000 after purchasing an additional 502,094 shares during the period. Institutional investors 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.