Hecla Mining (NYSE:HL) Shares Up 3.6% – What’s Next?

Hecla Mining Company (NYSE:HL) rose 3.6% during trading on Monday . The company traded as high as $21.15 and last traded at $21.1340. Approximately 20,453,515 shares traded hands during trading, a decline of 22% from the average daily volume of 26,345,420 shares. The stock had previously closed at $20.39.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HL. Scotiabank boosted their target price on shares of Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Roth Mkm set a $13.00 price target on shares of Hecla Mining in a research report on Wednesday, February 18th. BMO Capital Markets lifted their price objective on shares of Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a report on Tuesday, January 27th. Canadian Imperial Bank of Commerce upped their price objective on shares of Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Hecla Mining in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.63.

Hecla Mining Trading Down 4.0%

The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 43.11 and a beta of 1.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.22 and a current ratio of 2.72. The company has a 50 day moving average price of $23.62 and a two-hundred day moving average price of $17.26.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th will be given a dividend of $0.0038 per share. The ex-dividend date is Monday, March 9th. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.04%.

Insider Buying and Selling at Hecla Mining

In other news, VP David C. Sienko sold 207,553 shares of the business’s stock in a transaction dated 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 sale, the vice president owned 906,370 shares of the company’s stock, valued at $17,601,705.40. The trade was a 18.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction dated 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 transaction, the vice president owned 216,641 shares of the company’s stock, valued at approximately $4,746,604.31. This trade represents a 19.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Hecla Mining

Several institutional investors have recently bought and sold shares of HL. Transce3nd LLC acquired a new position in shares of Hecla Mining during the second quarter valued at approximately $25,000. USA Financial Formulas acquired a new stake in shares of Hecla Mining in the third quarter worth approximately $25,000. Lodestone Wealth Management LLC purchased a new stake in shares of Hecla Mining during the fourth quarter worth approximately $28,000. Quadrant Capital Group LLC increased its position in shares of Hecla Mining by 74.3% during the fourth 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 position in Hecla Mining in the 4th quarter valued at $29,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.