Hecla Mining (NYSE:HL) Reaches New 1-Year High at $6.66

Shares of Hecla Mining (NYSE:HL) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $6.66 and last traded at $6.66, with a volume of 508109 shares. The stock had previously closed at $6.44.

Wall Street Analyst Weigh In

Several brokerages recently commented on HL. HC Wainwright reissued a “buy” rating and issued a $10.25 price target on shares of Hecla Mining in a research note on Thursday, August 8th. Roth Mkm cut their price objective on Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. CIBC raised their price target on shares of Hecla Mining from $6.75 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Finally, Cibc World Mkts upgraded Hecla Mining to a “hold” rating in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.45.

Hecla Mining Trading Up 5.9 %

The business has a 50 day moving average price of $5.70 and a 200-day moving average price of $5.27. The company has a market cap of $4.29 billion, a P/E ratio of -45.47 and a beta of 2.00. The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. The firm had revenue of $245.66 million for the quarter, compared to analysts’ expectations of $208.80 million. During the same period in the prior year, the firm earned $0.03 EPS. Analysts forecast that Hecla Mining will post 0.04 earnings per share for the current fiscal year.

Hecla Mining Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 26th were paid a $0.0138 dividend. This is an increase from Hecla Mining’s previous quarterly dividend of $0.00. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, August 26th. Hecla Mining’s dividend payout ratio (DPR) is presently -33.33%.

Insider Activity at Hecla Mining

In other news, CAO Michael L. Clary sold 30,634 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total value of $150,412.94. Following the sale, the chief accounting officer now directly owns 351,972 shares of the company’s stock, valued at approximately $1,728,182.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Russell Douglas Lawlar sold 11,679 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $4.91, for a total transaction of $57,343.89. Following the sale, the chief financial officer now owns 393,894 shares in the company, valued at $1,934,019.54. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Michael L. Clary sold 30,634 shares of Hecla Mining stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total value of $150,412.94. Following the completion of the sale, the chief accounting officer now owns 351,972 shares of the company’s stock, valued at $1,728,182.52. The disclosure for this sale can be found here. Insiders have sold a total of 67,105 shares of company stock valued at $329,486 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Continuum Advisory LLC grew its stake in Hecla Mining by 313.6% during the second quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 4,967 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Hecla Mining in the second quarter worth about $41,000. Ballentine Partners LLC purchased a new stake in shares of Hecla Mining in the second quarter worth about $54,000. Oak Family Advisors LLC bought a new position in Hecla Mining during the second quarter valued at approximately $55,000. Finally, Empowered Funds LLC grew its holdings in Hecla Mining by 27.7% during the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock valued at $65,000 after buying an additional 2,916 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.