Hecla Mining (NYSE:HL) Shares Gap Down to $5.31

Hecla Mining (NYSE:HL)’s share price gapped down before the market opened on Monday . The stock had previously closed at $5.31, but opened at $5.01. Hecla Mining shares last traded at $5.17, with a volume of 2,883,286 shares.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HL shares. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. StockNews.com raised shares of Hecla Mining to a “sell” rating in a research note on Wednesday, April 10th. Finally, Roth Mkm lifted their price objective on shares of Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Hecla Mining currently has an average rating of “Moderate Buy” and a consensus target price of $6.68.

Hecla Mining Trading Up 3.7 %

The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.65. The stock has a 50 day moving average price of $4.45 and a 200-day moving average price of $4.37.

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

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Tuesday, March 12th were given a $0.006 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 11th. Hecla Mining’s payout ratio is -20.00%.

Institutional Trading of Hecla Mining

A number of institutional investors have recently modified their holdings of the company. Byrne Asset Management LLC bought a new position in Hecla Mining during the 1st quarter valued at approximately $34,000. Advisor Partners II LLC purchased a new position in Hecla Mining during the 3rd quarter valued at $52,000. Cornerstone Wealth Management LLC bought a new position in Hecla Mining in the 4th quarter worth $72,000. SG Americas Securities LLC purchased a new stake in shares of Hecla Mining in the 4th quarter worth about $76,000. Finally, ORG Partners LLC boosted its stake in shares of Hecla Mining by 1,172.3% during the 4th quarter. ORG Partners LLC now owns 17,812 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 16,412 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other 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.