Hecla Mining (NYSE:HL) Stock Price Up 4.2%

Hecla Mining (NYSE:HLGet Rating)’s share price rose 4.2% during mid-day trading on Friday . The stock traded as high as $4.03 and last traded at $4.00. Approximately 212,813 shares were traded during trading, a decline of 96% from the average daily volume of 5,587,354 shares. The stock had previously closed at $3.84.

Analyst Ratings Changes

HL has been the subject of several recent analyst reports. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Canaccord Genuity Group lowered their target price on Hecla Mining from $5.00 to $3.50 in a research note on Wednesday, July 6th. Finally, BMO Capital Markets lowered their target price on Hecla Mining from $5.25 to $4.75 and set a “market perform” rating for the company in a research note on Friday, September 9th.

Hecla Mining Stock Performance

The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of -20.05 and a beta of 2.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.04 and a quick ratio of 1.56. The stock has a 50 day moving average price of $4.15 and a two-hundred day moving average price of $5.02.

Hecla Mining (NYSE:HLGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $191.20 million for the quarter, compared to analysts’ expectations of $195.50 million. Hecla Mining had a return on equity of 2.01% and a net margin of 0.20%. The firm’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 earnings per share. On average, analysts predict that Hecla Mining will post 0.02 EPS for the current fiscal year.

Hecla Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were issued a $0.0063 dividend. This is a boost from Hecla Mining’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, August 18th. This represents a $0.03 annualized dividend and a yield of 0.62%. Hecla Mining’s dividend payout ratio (DPR) is currently -15.00%.

Hedge Funds Weigh In On Hecla Mining

Several hedge funds have recently added to or reduced their stakes in HL. Ellevest Inc. bought a new position in Hecla Mining in the second quarter valued at about $25,000. Captrust Financial Advisors boosted its holdings in Hecla Mining by 104.3% during the second quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock worth $38,000 after buying an additional 4,932 shares during the last quarter. Verition Fund Management LLC bought a new position in Hecla Mining during the second quarter worth about $40,000. Corient Capital Partners LLC bought a new position in Hecla Mining during the second quarter worth about $42,000. Finally, Rational Advisors LLC boosted its holdings in Hecla Mining by 63.6% during the first quarter. Rational Advisors LLC now owns 6,651 shares of the basic materials company’s stock worth $44,000 after buying an additional 2,586 shares during the last quarter. Institutional investors own 60.33% of the company’s stock.

About Hecla Mining

(Get Rating)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold.

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