Hecla Mining (NYSE:HL) Stock Price Up 5.4% – What’s Next?

Hecla Mining (NYSE:HL) shares were up 5.4% during mid-day trading on Tuesday . The company traded as high as $5.69 and last traded at $5.69. Approximately 2,684,324 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 9,286,797 shares. The stock had previously closed at $5.40.

Wall Street Analyst Weigh In

A number of brokerages have commented on HL. Roth Mkm reduced their target price on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. HC Wainwright reissued a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research note on Thursday, August 8th. TD Securities decreased their price target on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, National Bank Financial lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.94.

Hecla Mining Stock Performance

The firm has a 50-day simple moving average of $6.33 and a two-hundred day simple moving average of $5.89. 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 company has a market capitalization of $3.62 billion, a price-to-earnings ratio of -144.50 and a beta of 1.93.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $245.09 million during the quarter, compared to analysts’ expectations of $232.03 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The firm’s revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) EPS. On average, sell-side analysts anticipate that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid a $0.0138 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a yield of 0.95%. Hecla Mining’s dividend payout ratio is currently -125.00%.

Insider Activity

In other news, VP Kurt Allen sold 108,612 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the sale, the vice president now directly owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. The trade was a 38.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HL. Franklin Resources Inc. boosted its holdings in shares of Hecla Mining by 2,757.4% in the third quarter. Franklin Resources Inc. now owns 460,610 shares of the basic materials company’s stock valued at $3,017,000 after acquiring an additional 444,490 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Hecla Mining during the 3rd quarter worth approximately $245,000. Virtu Financial LLC acquired a new stake in shares of Hecla Mining in the 3rd quarter valued at approximately $371,000. Geode Capital Management LLC boosted its stake in shares of Hecla Mining by 5.4% in the third quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company’s stock valued at $92,499,000 after buying an additional 711,676 shares in the last quarter. Finally, Barclays PLC grew its holdings in Hecla Mining by 317.4% during the third quarter. Barclays PLC now owns 909,811 shares of the basic materials company’s stock worth $6,069,000 after acquiring an additional 691,862 shares during the period. 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.