Hecla Mining (HL) Shares Gap Down to $3.33

Shares of Hecla Mining (NYSE:HL) gapped down prior to trading on Tuesday . The stock had previously closed at $3.14, but opened at $3.33. Hecla Mining shares last traded at $3.27, with a volume of 6413286 shares trading hands.

HL has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Hecla Mining from a “hold” rating to a “strong-buy” rating and set a $4.50 price target on the stock in a report on Wednesday, January 3rd. B. Riley upgraded shares of Hecla Mining from a “neutral” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Thursday, November 30th. HC Wainwright set a $9.00 price target on shares of Hecla Mining and gave the company a “buy” rating in a report on Thursday, February 8th. ValuEngine downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Cantor Fitzgerald initiated coverage on shares of Hecla Mining in a report on Monday, December 4th. They issued a “buy” rating and a $5.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $5.36.

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The company has a debt-to-equity ratio of 0.34, a current ratio of 2.86 and a quick ratio of 2.37. The company has a market capitalization of $1,537.68, a price-to-earnings ratio of -54.50, a price-to-earnings-growth ratio of 308.00 and a beta of 0.30.

Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, February 15th. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Hecla Mining had a negative net margin of 4.07% and a positive return on equity of 2.17%. The firm had revenue of $160.10 million for the quarter, compared to the consensus estimate of $156.85 million. During the same period in the previous year, the firm posted $0.03 EPS. The business’s quarterly revenue was down 2.6% on a year-over-year basis. analysts forecast that Hecla Mining will post 0.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, March 6th were issued a $0.0025 dividend. The ex-dividend date was Monday, March 5th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.31%. Hecla Mining’s dividend payout ratio (DPR) is presently -16.67%.

Several institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in shares of Hecla Mining by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock worth $119,000 after buying an additional 3,143 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Hecla Mining by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,087,772 shares of the basic materials company’s stock worth $5,428,000 after purchasing an additional 13,894 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Hecla Mining by 3.2% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 472,765 shares of the basic materials company’s stock worth $2,373,000 after purchasing an additional 14,566 shares during the period. California Public Employees Retirement System boosted its stake in shares of Hecla Mining by 2.8% during the 4th quarter. California Public Employees Retirement System now owns 650,228 shares of the basic materials company’s stock worth $2,581,000 after purchasing an additional 17,800 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Hecla Mining by 4.5% during the 3rd quarter. New York State Common Retirement Fund now owns 420,700 shares of the basic materials company’s stock worth $2,112,000 after purchasing an additional 18,200 shares during the period. Hedge funds and other institutional investors own 59.98% of the company’s stock.

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Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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