Hecla Mining (NYSE:HL) Stock Price Up 3.7%

Hecla Mining (NYSE:HL) shot up 3.7% on Wednesday . The company traded as high as $6.17 and last traded at $6.16. 2,456,249 shares changed hands during trading, a decline of 70% from the average session volume of 8,145,753 shares. The stock had previously closed at $5.94.

Analysts Set New Price Targets

A number of research firms have weighed in on HL. Cibc World Mkts upgraded Hecla Mining to a “hold” rating in a research report on Wednesday, May 22nd. HC Wainwright restated a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a research report on Friday, July 12th. StockNews.com upgraded Hecla Mining to a “sell” rating in a research report on Thursday, May 9th. National Bank Financial restated an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. Finally, CIBC raised their price target on Hecla Mining from $6.75 to $7.50 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.89.

Hecla Mining Stock Down 1.3 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 1.00. The company has a market capitalization of $3.54 billion, a P/E ratio of -38.53 and a beta of 2.01. The company has a 50 day moving average of $5.53 and a 200-day moving average of $4.81.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $189.53 million for the quarter, compared to analysts’ expectations of $190.31 million. Hecla Mining had a negative return on equity of 0.28% and a negative net margin of 12.22%. As a group, equities analysts anticipate that Hecla Mining will post 0.05 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th were given a $0.006 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.42%. Hecla Mining’s dividend payout ratio is currently -13.33%.

Insider Transactions at Hecla Mining

In other news, CAO Michael L. Clary sold 30,634 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total value of $150,412.94. Following the sale, the chief accounting officer now directly owns 351,972 shares of the company’s stock, valued at approximately $1,728,182.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Russell Douglas Lawlar sold 11,679 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $4.91, for a total value of $57,343.89. Following the transaction, the chief financial officer now directly owns 393,894 shares of the company’s stock, valued at approximately $1,934,019.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael L. Clary sold 30,634 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total value of $150,412.94. Following the transaction, the chief accounting officer now directly owns 351,972 shares in the company, valued at $1,728,182.52. The disclosure for this sale can be found here. Insiders have sold a total of 67,105 shares of company stock valued at $329,486 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hecla Mining

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of Hecla Mining by 4.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,044,179 shares of the basic materials company’s stock valued at $14,764,000 after buying an additional 131,609 shares during the period. Clear Creek Financial Management LLC lifted its holdings in shares of Hecla Mining by 38.6% during the 2nd quarter. Clear Creek Financial Management LLC now owns 93,269 shares of the basic materials company’s stock valued at $452,000 after buying an additional 25,978 shares during the period. Avalon Capital Management purchased a new stake in shares of Hecla Mining in the 2nd quarter worth $330,000. U S Global Investors Inc. purchased a new stake in shares of Hecla Mining in the 2nd quarter worth $970,000. Finally, Oak Family Advisors LLC purchased a new stake in shares of Hecla Mining in the 2nd quarter worth $55,000. 63.01% of the stock is owned by institutional investors.

About Hecla Mining

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.