Hecla Mining (HL) Shares Gap Up to $1.29

Shares of Hecla Mining (NYSE:HL) gapped up prior to trading on Friday . The stock had previously closed at $1.26, but opened at $1.29. Hecla Mining shares last traded at $1.31, with a volume of 8745669 shares.

A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. BMO Capital Markets cut shares of Hecla Mining from a “market perform” rating to an “underperform” rating and cut their target price for the company from $2.30 to $1.10 in a research note on Monday, May 13th. Scotiabank cut shares of Hecla Mining from a “sector perform” rating to an “underperform” rating and set a $1.00 target price for the company. in a research note on Friday, May 10th. ValuEngine cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Finally, CIBC cut shares of Hecla Mining from a “neutral” rating to an “underperform” rating and set a $1.56 target price for the company. in a research note on Tuesday, May 14th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Hecla Mining presently has an average rating of “Hold” and a consensus price target of $3.19.

The company has a market cap of $639.39 million, a P/E ratio of -11.91 and a beta of 0.33. The company has a current ratio of 0.98, a quick ratio of 0.45 and a debt-to-equity ratio of 0.33.

Hecla Mining (NYSE:HL) last released its earnings results on Thursday, May 9th. The basic materials company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The company had revenue of $152.60 million for the quarter, compared to analyst estimates of $150.31 million. Hecla Mining had a negative net margin of 10.40% and a negative return on equity of 3.74%. Hecla Mining’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 earnings per share. As a group, equities research analysts expect that Hecla Mining will post -0.07 EPS for the current year.

The business also recently announced a dividend, which will be paid on Tuesday, June 4th. Investors of record on Friday, May 24th will be paid a dividend of $0.002 per share. The ex-dividend date is Thursday, May 23rd. Hecla Mining’s payout ratio is currently -9.09%.

A number of institutional investors have recently made changes to their positions in the business. Sigma Planning Corp increased its holdings in Hecla Mining by 22.7% in the 4th quarter. Sigma Planning Corp now owns 20,022 shares of the basic materials company’s stock valued at $47,000 after buying an additional 3,705 shares during the period. Amalgamated Bank increased its holdings in Hecla Mining by 7.2% in the 4th quarter. Amalgamated Bank now owns 62,837 shares of the basic materials company’s stock valued at $148,000 after buying an additional 4,196 shares during the period. Raymond James & Associates increased its holdings in Hecla Mining by 14.1% in the 4th quarter. Raymond James & Associates now owns 38,519 shares of the basic materials company’s stock valued at $91,000 after buying an additional 4,762 shares during the period. Creative Planning increased its holdings in Hecla Mining by 9.4% in the 1st quarter. Creative Planning now owns 69,401 shares of the basic materials company’s stock valued at $160,000 after buying an additional 5,961 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hecla Mining by 29.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,353 shares of the basic materials company’s stock valued at $76,000 after buying an additional 7,312 shares during the period. 59.41% of the stock is currently owned by hedge funds and other institutional investors.

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About Hecla Mining (NYSE:HL)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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