Hecla Mining (NYSE:HL) Shares Up 7.1%

Hecla Mining (NYSE:HL) shares shot up 7.1% on Thursday . The stock traded as high as $4.82 and last traded at $4.81. 5,543,127 shares changed hands during trading, a decline of 13% from the average session volume of 6,394,384 shares. The stock had previously closed at $4.49.

Wall Street Analyst Weigh In

Separately, National Bank Financial reiterated an “outperform market weight” rating on shares of Hecla Mining in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.45.

Hecla Mining Stock Performance

The firm has a market cap of $3.01 billion, a PE ratio of -32.00 and a beta of 2.16. The company has a 50 day simple moving average of $3.89 and a 200-day simple moving average of $4.19. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.65 and a quick ratio of 1.06.

Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $160.69 million during the quarter, compared to analysts’ expectations of $151.51 million. Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The firm’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 EPS. As a group, equities research analysts anticipate that Hecla Mining will post 0.01 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Tuesday, March 12th were paid a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, March 11th. Hecla Mining’s dividend payout ratio (DPR) is presently -20.00%.

Institutional Trading of Hecla Mining

Several large investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new position in shares of Hecla Mining during the 3rd quarter worth approximately $31,000. US Bancorp DE raised its position in shares of Hecla Mining by 107.9% in the 4th quarter. US Bancorp DE now owns 7,637 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 3,963 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Hecla Mining by 104.3% in the 2nd quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 4,932 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Hecla Mining in the 2nd quarter worth approximately $40,000. Finally, Nomura Holdings Inc. bought a new position in shares of Hecla Mining in the 2nd quarter worth approximately $45,000. 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.