Hecla Mining Company (NYSE:HL) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $4.58 and last traded at $0.00, with a volume of shares traded.
Several research analysts recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $6.00 target price on shares of Hecla Mining in a research report on Wednesday, September 20th. ValuEngine lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Canaccord Genuity reiterated a “hold” rating and issued a $5.25 target price on shares of Hecla Mining in a research report on Friday, October 6th. TheStreet lowered shares of Hecla Mining from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. Finally, HC Wainwright reiterated a “buy” rating and issued a $8.50 target price on shares of Hecla Mining in a research report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Hecla Mining currently has a consensus rating of “Hold” and an average target price of $6.52.
The company has a current ratio of 2.56, a quick ratio of 2.14 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1,775.63, a PE ratio of 44.50, a PEG ratio of 85.58 and a beta of 0.31.
Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.05). Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. The business had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $130.54 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The business’s quarterly revenue was down 21.6% on a year-over-year basis. equities research analysts predict that Hecla Mining Company will post 0.05 earnings per share for the current fiscal year.
In other Hecla Mining news, Director George R. Nethercutt, Jr. sold 62,500 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $5.24, for a total transaction of $327,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
Several large investors have recently modified their holdings of HL. BlackRock Inc. raised its stake in shares of Hecla Mining by 25,993.9% during the first quarter. BlackRock Inc. now owns 25,056,653 shares of the basic materials company’s stock valued at $132,549,000 after acquiring an additional 24,960,628 shares during the last quarter. BT Investment Management Ltd bought a new position in shares of Hecla Mining during the second quarter valued at about $77,979,000. Van ECK Associates Corp raised its stake in shares of Hecla Mining by 37.6% during the second quarter. Van ECK Associates Corp now owns 38,105,358 shares of the basic materials company’s stock valued at $194,337,000 after acquiring an additional 10,415,245 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hecla Mining by 133.7% during the second quarter. Bank of New York Mellon Corp now owns 4,239,775 shares of the basic materials company’s stock valued at $21,623,000 after acquiring an additional 2,425,493 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Hecla Mining by 17.2% during the first quarter. State Street Corp now owns 15,508,845 shares of the basic materials company’s stock valued at $82,046,000 after acquiring an additional 2,275,928 shares during the last quarter. 59.26% of the stock is owned by hedge funds and other institutional investors.
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About Hecla Mining
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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