Hecla Mining (NYSE:HL) Shares Gap Down to $5.31

Hecla Mining (NYSE:HL)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $5.31, but opened at $5.01. Hecla Mining shares last traded at $5.17, with a volume of 2,883,286 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on HL. National Bank Financial restated an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. StockNews.com upgraded Hecla Mining to a “sell” rating in a research report on Wednesday, April 10th. Finally, Roth Mkm upped their target price on Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.68.

Hecla Mining Stock Up 3.7 %

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.65 and a quick ratio of 1.06. The firm has a 50 day moving average price of $4.45 and a two-hundred day moving average price of $4.37.

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

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Tuesday, March 12th were given a $0.006 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, March 11th. Hecla Mining’s dividend payout ratio (DPR) is presently -20.00%.

Institutional Investors Weigh In On Hecla Mining

Several institutional investors and hedge funds have recently made changes to their positions in HL. Kingswood Wealth Advisors LLC bought a new position in shares of Hecla Mining during the 3rd quarter worth approximately $469,000. Raymond James Financial Services Advisors Inc. boosted its stake in Hecla Mining by 5.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 87,524 shares of the basic materials company’s stock worth $342,000 after acquiring an additional 4,403 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in Hecla Mining by 139.8% in the third quarter. Stratos Wealth Partners LTD. now owns 45,436 shares of the basic materials company’s stock worth $178,000 after purchasing an additional 26,487 shares during the period. Bank of New York Mellon Corp increased its stake in Hecla Mining by 4.0% in the third quarter. Bank of New York Mellon Corp now owns 5,385,535 shares of the basic materials company’s stock valued at $21,057,000 after purchasing an additional 208,740 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hecla Mining by 21.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 169,303 shares of the basic materials company’s stock worth $662,000 after purchasing an additional 30,052 shares in the last quarter. 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.