Hecla Mining (NYSE:HL) Trading Down 7.9% – What’s Next?

Hecla Mining Company (NYSE:HL)’s stock price traded down 7.9% on Friday . The stock traded as low as $13.97 and last traded at $14.03. 7,442,450 shares were traded during trading, a decline of 66% from the average session volume of 22,206,539 shares. The stock had previously closed at $15.24.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. HC Wainwright lifted their target price on shares of Hecla Mining from $11.50 to $12.50 and gave the company a “buy” rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. BMO Capital Markets boosted their price objective on shares of Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hecla Mining in a report on Wednesday, October 8th. Finally, Roth Capital set a $8.75 price objective on shares of Hecla Mining and gave the stock a “sell” rating in a report on Friday, October 3rd. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.75.

Hecla Mining Trading Down 8.6%

The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 87.06 and a beta of 1.31. The business’s 50 day moving average price is $10.42 and its 200-day moving average price is $7.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 2.67.

Hecla Mining (NYSE:HL) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $304.03 million for the quarter, compared to analyst estimates of $248.93 million. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.02 EPS. Equities analysts expect that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were paid a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, August 22nd. Hecla Mining’s dividend payout ratio is 6.25%.

Insider Buying and Selling at Hecla Mining

In related news, VP Stuart Maurice Absolom sold 14,472 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $11.29, for a total transaction of $163,388.88. Following the completion of the sale, the vice president owned 73,200 shares of the company’s stock, valued at $826,428. This represents a 16.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hecla Mining

A number of institutional investors have recently modified their holdings of HL. Transce3nd LLC bought a new stake in shares of Hecla Mining during the 2nd quarter valued at about $25,000. USA Financial Formulas bought a new stake in Hecla Mining in the third quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Hecla Mining in the first quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its stake in Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after buying an additional 4,425 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Hecla Mining in the second quarter valued at $44,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Company Profile

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.