Hecla Mining (NYSE:HL) Stock Price Up 11.1% – What’s Next?

Hecla Mining Company (NYSE:HL) shares rose 11.1% during mid-day trading on Monday . The company traded as high as $17.14 and last traded at $16.9830. Approximately 3,868,039 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 19,856,391 shares. The stock had previously closed at $15.29.

Analyst Upgrades and Downgrades

HL has been the subject of a number of recent research reports. Weiss Ratings cut Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Roth Mkm set a $13.00 target price on Hecla Mining in a report on Wednesday, February 18th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, April 29th. Finally, HC Wainwright lowered their target price on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Hecla Mining presently has a consensus rating of “Hold” and an average price target of $24.79.

Hecla Mining Stock Up 7.1%

The firm has a 50 day moving average of $17.95 and a 200 day moving average of $20.07. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 39.90 and a beta of 1.25. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The business had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The company’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 EPS.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were given a dividend of $0.0038 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s payout ratio is presently 2.44%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Lodestone Wealth Management LLC bought a new position in Hecla Mining in the 4th quarter valued at $28,000. Quadrant Capital Group LLC lifted its holdings in Hecla Mining by 74.3% during 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. Sittner & Nelson LLC purchased a new stake in Hecla Mining during the 4th quarter worth about $29,000. Rothschild Investment LLC lifted its holdings in Hecla Mining by 93.5% during the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 781 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Hecla Mining in the 4th quarter worth about $31,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Company Profile

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.