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

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

Analyst Ratings Changes

Several equities analysts have recently commented on HL shares. Roth Mkm set a $13.00 price objective on Hecla Mining in a research report on Wednesday, February 18th. 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. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note 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 research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.79.

Hecla Mining Stock Up 7.1%

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

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $411.43 million for the quarter, compared to analysts’ expectations of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 EPS.

Hecla Mining Announces Dividend

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

Institutional Trading of Hecla Mining

Institutional investors and hedge funds have recently modified their holdings of the business. Lodestone Wealth Management LLC bought a new stake in shares of Hecla Mining in the 4th quarter worth $28,000. Quadrant Capital Group LLC increased its holdings in shares of 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. Sittner & Nelson LLC bought a new stake in shares of Hecla Mining in the 4th quarter worth $29,000. Rothschild Investment LLC increased its holdings in shares of Hecla Mining by 93.5% in 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 stake in shares of Hecla Mining in the 4th quarter worth $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.