Hecla Mining (NYSE:HL) Shares Gap Down to $4.64

Hecla Mining (NYSE:HL)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $4.64, but opened at $4.53. Hecla Mining shares last traded at $4.63, with a volume of 600,656 shares changing hands.

Analysts Set New Price Targets

HL has been the subject of several research reports. BMO Capital Markets initiated coverage on shares of Hecla Mining in a research report on Thursday, September 14th. They issued an “outperform” rating and a $5.50 price objective for the company. TD Securities lowered their price target on shares of Hecla Mining from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, November 8th. HC Wainwright lowered their price target on shares of Hecla Mining from $9.00 to $8.75 and set a “buy” rating for the company in a research report on Wednesday, November 8th. StockNews.com raised shares of Hecla Mining to a “sell” rating in a research report on Friday. Finally, TheStreet cut shares of Hecla Mining from a “c-” rating to a “d+” rating in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.43.

Hecla Mining Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.71. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of -51.56 and a beta of 2.08. The stock’s 50 day simple moving average is $4.04 and its 200-day simple moving average is $4.78.

Hecla Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Friday, November 24th will be paid a $0.006 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.52%. Hecla Mining’s payout ratio is currently -22.22%.

Insider Transactions at Hecla Mining

In other Hecla Mining news, Director George R. Johnson acquired 8,500 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average price of $4.07 per share, for a total transaction of $34,595.00. Following the completion of the purchase, the director now directly owns 25,773 shares of the company’s stock, valued at $104,896.11. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Hecla Mining

Hedge funds have recently added to or reduced their stakes in the company. Keybank National Association OH purchased a new stake in Hecla Mining during the first quarter worth $137,000. Dimensional Fund Advisors LP lifted its holdings in Hecla Mining by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 33,920,039 shares of the basic materials company’s stock valued at $214,714,000 after purchasing an additional 1,066,468 shares in the last quarter. Inceptionr LLC purchased a new position in Hecla Mining during the first quarter valued at $185,000. Duality Advisers LP lifted its holdings in Hecla Mining by 151.9% during the first quarter. Duality Advisers LP now owns 442,433 shares of the basic materials company’s stock valued at $2,801,000 after purchasing an additional 266,789 shares in the last quarter. Finally, Tradition Wealth Management LLC lifted its holdings in Hecla Mining by 49.0% during the first quarter. Tradition Wealth Management LLC now owns 9,896 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 3,254 shares in the last quarter. 59.00% 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 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.