Hecla Mining (NYSE:HL) Stock Price Up 7.8% - What's Next?

Hecla Mining (NYSE:HL - Get Free Report) was up 7.8% during trading on Friday . The company traded as high as $7.21 and last traded at $7.21. Approximately 5,690,341 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 8,736,398 shares. The stock had previously closed at $6.69.

Analyst Ratings Changes

A number of equities analysts have issued reports on HL shares. StockNews.com cut Hecla Mining from a "hold" rating to a "sell" rating in a report on Thursday. Roth Mkm decreased their price objective on shares of Hecla Mining from $6.25 to $6.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, HC Wainwright reiterated a "buy" rating and issued a $10.25 target price on shares of Hecla Mining in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $7.56.

Hecla Mining Trading Up 9.2 %

The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $6.28 and a 200-day moving average of $5.70. The firm has a market capitalization of $4.58 billion, a P/E ratio of -48.70 and a beta of 2.01.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The business had revenue of $245.66 million for the quarter, compared to analyst estimates of $208.80 million. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. During the same period last year, the business posted $0.03 earnings per share. Analysts anticipate that Hecla Mining will post 0.07 EPS for the current fiscal year.

Hecla Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 26th were given a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Monday, August 26th. This is a positive change from Hecla Mining's previous quarterly dividend of $0.00. Hecla Mining's dividend payout ratio (DPR) is currently -33.33%.

Insiders Place Their Bets

In other news, VP Kurt Allen sold 108,612 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the transaction, the vice president now directly owns 173,700 shares in the company, valued at $1,175,949. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Hecla Mining

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Continuum Advisory LLC increased its position in Hecla Mining by 313.6% during the second quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company's stock worth $32,000 after buying an additional 4,967 shares during the last quarter. Innealta Capital LLC bought a new stake in Hecla Mining in the 2nd quarter valued at $41,000. Sound Income Strategies LLC acquired a new stake in Hecla Mining during the 3rd quarter valued at $49,000. Ballentine Partners LLC bought a new position in Hecla Mining during the second quarter worth $54,000. Finally, Oak Family Advisors LLC acquired a new position in shares of Hecla Mining in the second quarter valued at $55,000. 63.01% of the stock is owned by institutional investors.

About Hecla Mining

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.