Hecla Mining (NYSE:HL) Sees Strong Trading Volume

Hecla Mining (NYSE:HL) saw an uptick in trading volume on Friday . 2,778,889 shares changed hands during mid-day trading, a decline of 61% from the previous session’s volume of 7,061,948 shares.The stock last traded at $5.87 and had previously closed at $5.54.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com upgraded Hecla Mining to a “sell” rating in a report on Wednesday. National Bank Financial restated an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. Finally, Roth Mkm upped their target price on Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $6.68.

Hecla Mining Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.65 and a quick ratio of 1.06. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -36.13 and a beta of 2.20. The stock’s 50 day simple moving average is $4.21 and its 200-day simple moving average is $4.30.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The business had revenue of $160.69 million during the quarter, compared to the consensus estimate of $151.51 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was down 17.5% on a year-over-year basis. On average, analysts expect that Hecla Mining will post 0.02 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were issued a $0.006 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.02 annualized dividend and a yield of 0.44%. Hecla Mining’s dividend payout ratio (DPR) is currently -20.00%.

Institutional Trading of Hecla Mining

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Hecla Mining by 0.9% during the third quarter. Vanguard Group Inc. now owns 57,567,847 shares of the basic materials company’s stock worth $225,090,000 after buying an additional 487,299 shares during the last quarter. Jump Financial LLC increased its position in Hecla Mining by 53.8% during the third quarter. Jump Financial LLC now owns 566,574 shares of the basic materials company’s stock worth $2,215,000 after acquiring an additional 198,254 shares during the period. Northern Trust Corp increased its position in Hecla Mining by 1.2% during the third quarter. Northern Trust Corp now owns 5,928,871 shares of the basic materials company’s stock worth $23,182,000 after acquiring an additional 69,308 shares during the period. TIAA Trust National Association acquired a new position in Hecla Mining during the 4th quarter valued at $156,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Hecla Mining by 225.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 418,270 shares of the basic materials company’s stock valued at $1,635,000 after purchasing an additional 289,703 shares during the period. 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.