Hecla Mining (NYSE:HL) Shares Gap Up to $4.42

Hecla Mining (NYSE:HLGet Rating) gapped up before the market opened on Thursday . The stock had previously closed at $4.42, but opened at $4.58. Hecla Mining shares last traded at $4.66, with a volume of 45,035 shares traded.

A number of research analysts recently issued reports on HL shares. B. Riley dropped their price target on Hecla Mining from $11.00 to $9.00 in a research note on Wednesday, May 11th. Zacks Investment Research downgraded Hecla Mining from a “hold” rating to a “strong sell” rating in a research note on Tuesday. HC Wainwright raised their price target on Hecla Mining from $7.75 to $8.25 and gave the stock a “buy” rating in a research note on Wednesday, April 13th. Roth Capital upgraded Hecla Mining from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $6.50 to $6.25 in a research note on Wednesday, May 11th. Finally, StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.76.

The firm has a market cap of $2.50 billion, a PE ratio of -27.63 and a beta of 2.07. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.83 and a quick ratio of 1.44. The stock has a 50-day moving average price of $6.13 and a 200 day moving average price of $5.72.

Hecla Mining (NYSE:HLGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The basic materials company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $186.50 million during the quarter, compared to analysts’ expectations of $186.09 million. Hecla Mining had a net margin of 2.02% and a return on equity of 2.76%. Hecla Mining’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. As a group, equities research analysts anticipate that Hecla Mining will post 0.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Wednesday, May 25th will be given a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, May 24th. Hecla Mining’s dividend payout ratio (DPR) is presently -18.75%.

Hedge funds have recently bought and sold shares of the business. Main Street Financial Solutions LLC purchased a new stake in Hecla Mining during the fourth quarter valued at about $63,000. National Bank of Canada FI purchased a new stake in Hecla Mining during the fourth quarter valued at about $100,000. ProShare Advisors LLC grew its position in Hecla Mining by 70.5% during the fourth quarter. ProShare Advisors LLC now owns 116,149 shares of the basic materials company’s stock valued at $606,000 after acquiring an additional 48,010 shares during the period. Dimensional Fund Advisors LP grew its position in Hecla Mining by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 29,656,061 shares of the basic materials company’s stock valued at $163,108,000 after acquiring an additional 644,131 shares during the period. Finally, Kestra Advisory Services LLC grew its position in Hecla Mining by 47.3% during the fourth quarter. Kestra Advisory Services LLC now owns 204,483 shares of the basic materials company’s stock valued at $1,067,000 after acquiring an additional 65,679 shares during the period. 59.78% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Company Profile (NYSE:HL)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold.

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