Hecla Mining (NYSE:HL) Stock Price Up 8.3% – What’s Next?

Shares of Hecla Mining Company (NYSE:HL) shot up 8.3% on Friday . The stock traded as high as $22.87 and last traded at $22.6140. 17,067,601 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 28,219,764 shares. The stock had previously closed at $20.89.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. BMO Capital Markets increased their price target on shares of Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, January 27th. Scotiabank lifted their price objective on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce increased their target price on shares of Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, Canaccord Genuity Group set a $26.50 price target on shares of Hecla Mining in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Hecla Mining currently has an average rating of “Hold” and an average price target of $22.00.

Hecla Mining Price Performance

The stock’s 50 day simple moving average is $22.39 and its 200-day simple moving average is $15.33. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of 72.95 and a beta of 1.25. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.51 and a current ratio of 2.15.

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP David C. Sienko sold 207,553 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the completion of the transaction, the vice president directly owned 906,370 shares of the company’s stock, valued at approximately $17,601,705.40. This trade represents a 18.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kurt Allen sold 52,219 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the completion of the sale, the vice president owned 216,641 shares in the company, valued at $4,746,604.31. The trade was a 19.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Hecla Mining

A number of institutional investors have recently modified their holdings of HL. Transce3nd LLC purchased a new stake in shares of Hecla Mining in the second quarter worth about $25,000. USA Financial Formulas acquired a new position in Hecla Mining in the third quarter valued at approximately $25,000. Lodestone Wealth Management LLC purchased a new stake in Hecla Mining in the 4th quarter worth approximately $28,000. Quadrant Capital Group LLC boosted its position in Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 631 shares in the last quarter. Finally, Sittner & Nelson LLC acquired a new stake in shares of Hecla Mining during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.