Hecla Mining (NYSE:HL) Trading 4.7% Higher – Still a Buy?

Hecla Mining (NYSE:HL)’s stock price traded up 4.7% during trading on Monday . The company traded as high as $5.86 and last traded at $5.95. 7,444,591 shares traded hands during trading, a decline of 50% from the average session volume of 14,754,380 shares. The stock had previously closed at $5.68.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HL shares. TD Securities decreased their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, StockNews.com downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.94.

Hecla Mining Stock Performance

The business’s fifty day moving average price is $5.35 and its 200-day moving average price is $5.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. The stock has a market cap of $3.62 billion, a PE ratio of -143.88 and a beta of 1.91.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The firm had revenue of $245.09 million for the quarter, compared to analysts’ expectations of $232.03 million. During the same quarter in the prior year, the business earned ($0.01) EPS. The business’s quarterly revenue was up 34.7% on a year-over-year basis. As a group, equities research analysts forecast that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, November 21st. Hecla Mining’s payout ratio is -125.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hecla Mining in the third quarter valued at $28,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Hecla Mining in the fourth quarter valued at $25,000. GAMMA Investing LLC grew its holdings in shares of Hecla Mining by 771.8% in the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 4,438 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of Hecla Mining in the fourth quarter valued at $25,000. Finally, Sound Income Strategies LLC purchased a new position in shares of Hecla Mining in the third quarter valued at $49,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Company Profile

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.