Hecla Mining (HL) Hits New 52-Week Low at $3.61

Hecla Mining Company (NYSE:HL)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.61 and last traded at $3.68, with a volume of 5157400 shares trading hands. The stock had previously closed at $3.72.

HL has been the topic of several recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $8.50 price target on shares of Hecla Mining in a research note on Friday, October 13th. Royal Bank Of Canada set a $6.00 price target on Hecla Mining and gave the stock a “hold” rating in a research note on Wednesday, October 18th. BMO Capital Markets initiated coverage on Hecla Mining in a research note on Friday, November 17th. They issued a “market perform” rating and a $4.75 price target on the stock. Cantor Fitzgerald initiated coverage on Hecla Mining in a research note on Monday. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $5.00 price target on shares of Hecla Mining in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $5.75.

The stock has a market cap of $1,380.00, a P/E ratio of 51.43, a price-to-earnings-growth ratio of 72.00 and a beta of 0.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $140.80 million for the quarter, compared to analysts’ expectations of $151.32 million. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The firm’s revenue for the quarter was down 21.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. equities analysts forecast that Hecla Mining Company will post 0.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st were issued a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.29%. The ex-dividend date was Monday, November 20th. Hecla Mining’s dividend payout ratio (DPR) is 16.67%.

In related news, Director Theodore Crumley bought 10,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were acquired at an average cost of $3.49 per share, with a total value of $34,900.00. Following the completion of the acquisition, the director now owns 126,536 shares of the company’s stock, valued at approximately $441,610.64. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George R. Nethercutt, Jr. sold 62,500 shares of the business’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $5.24, for a total value of $327,500.00. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its holdings in shares of Hecla Mining by 2.6% during the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 802 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Hecla Mining by 0.4% during the second quarter. Suntrust Banks Inc. now owns 395,829 shares of the basic materials company’s stock valued at $2,018,000 after purchasing an additional 1,404 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Hecla Mining by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock valued at $177,000 after purchasing an additional 1,643 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Hecla Mining by 3.0% during the second quarter. PNC Financial Services Group Inc. now owns 65,978 shares of the basic materials company’s stock valued at $335,000 after purchasing an additional 1,934 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Hecla Mining by 4.2% during the second quarter. Amalgamated Bank now owns 49,967 shares of the basic materials company’s stock valued at $255,000 after purchasing an additional 1,995 shares in the last quarter. 60.33% of the stock is currently owned by institutional investors and hedge funds.

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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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