Hecla Mining (NYSE:HL) Trading Up 5.9%

Hecla Mining (NYSE:HL) shot up 5.9% during trading on Tuesday . The stock traded as high as $4.88 and last traded at $4.88. 995,928 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 7,149,156 shares. The stock had previously closed at $4.61.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HL shares. National Bankshares dropped their target price on shares of Hecla Mining from $7.25 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 19th. TheStreet cut shares of Hecla Mining from a “c-” rating to a “d+” rating in a research note on Tuesday, September 12th. B. Riley cut their price objective on shares of Hecla Mining from $6.00 to $5.50 and set a “buy” rating for the company in a report on Thursday, August 24th. BMO Capital Markets began coverage on Hecla Mining in a research report on Thursday, September 14th. They issued an “outperform” rating and a $5.50 price target for the company. Finally, Roth Mkm raised Hecla Mining from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $4.00 to $4.40 in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Hecla Mining presently has a consensus rating of “Moderate Buy” and an average price target of $6.43.

Hecla Mining Stock Up 4.3 %

The business’s 50 day moving average price is $4.05 and its 200-day moving average price is $4.77. 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 capitalization of $2.97 billion, a PE ratio of -51.22 and a beta of 2.08.

Hecla Mining Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Friday, November 24th will be given a dividend of $0.006 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.02 annualized dividend and a dividend yield of 0.50%. Hecla Mining’s dividend payout ratio is currently -22.22%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new stake in Hecla Mining during the 3rd quarter worth about $31,000. Captrust Financial Advisors grew its holdings in Hecla Mining by 104.3% during the 2nd quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 4,932 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Hecla Mining in the 2nd quarter valued at approximately $40,000. Nomura Holdings Inc. acquired a new stake in shares of Hecla Mining in the 2nd quarter valued at $45,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Hecla Mining during the 1st quarter worth $48,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

About Hecla Mining

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.