Hecla Mining (NYSE:HL - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $5.44, but opened at $5.68. Hecla Mining shares last traded at $5.60, with a volume of 3,300,458 shares trading hands.
A number of equities research analysts have recently weighed in on the company. TD Securities lowered their target price on Hecla Mining from $8.50 to $8.00 and set a "buy" rating for the company in a research note on Friday, November 8th. HC Wainwright reaffirmed a "buy" rating and issued a $11.50 target price on shares of Hecla Mining in a research note on Friday. National Bank Financial cut shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday. Finally, Roth Mkm dropped their target price on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a report on Tuesday. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hecla Mining has an average rating of "Moderate Buy" and an average price target of $8.38.
Get Our Latest Stock Report on Hecla Mining
The company's 50-day moving average price is $5.43 and its 200 day moving average price is $5.86. The stock has a market capitalization of $3.49 billion, a PE ratio of -138.88 and a beta of 1.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09.
Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The company had revenue of $249.66 million during the quarter, compared to analysts' expectations of $229.21 million. On average, equities research analysts expect that Hecla Mining will post 0.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.0038 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.27%. Hecla Mining's payout ratio is -125.00%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hecla Mining in the 3rd quarter worth about $28,000. Ameliora Wealth Management Ltd. purchased a new stake in Hecla Mining in the fourth quarter worth about $25,000. GAMMA Investing LLC increased its stake in shares of Hecla Mining by 771.8% during 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. bought a new position in shares of Hecla Mining during the fourth quarter valued at approximately $25,000. Finally, Blue Trust Inc. lifted its holdings in shares of Hecla Mining by 30.7% during the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 1,961 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.
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.
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