Hecla Mining (NYSE:HL)’s share price was down 0% on Tuesday . The company traded as low as $3.74 and last traded at $3.75. Approximately 4,076,447 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 5,201,850 shares. The stock had previously closed at $3.75.
A number of equities analysts recently weighed in on HL shares. Cantor Fitzgerald started coverage on shares of Hecla Mining in a report on Monday, December 4th. They issued a “buy” rating and a $5.00 price objective for the company. BMO Capital Markets started coverage on shares of Hecla Mining in a report on Friday, November 17th. They issued a “market perform” rating and a $4.75 price objective for the company. ValuEngine lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, January 12th. Finally, Canaccord Genuity restated a “buy” rating and issued a $5.00 price objective on shares of Hecla Mining in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $5.64.
The company has a market capitalization of $1,497.74, a P/E ratio of -62.83, a price-to-earnings-growth ratio of 32.61 and a beta of 0.25. The company has a current ratio of 2.86, a quick ratio of 2.37 and a debt-to-equity ratio of 0.34.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, March 6th will be paid a dividend of $0.0025 per share. The ex-dividend date of this dividend is Monday, March 5th. This represents a $0.01 dividend on an annualized basis and a yield of 0.27%. Hecla Mining’s dividend payout ratio is presently -16.67%.
In other Hecla Mining news, CEO Phillips S. Baker, Jr. acquired 13,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was purchased at an average price of $3.76 per share, with a total value of $48,880.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Theodore Crumley acquired 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 126,536 shares in the company, valued at $441,610.64. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. First Allied Advisory Services Inc. bought a new stake in shares of Hecla Mining during the 4th quarter valued at $108,000. Ameriprise Financial Inc. grew its position in shares of Hecla Mining by 15.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 3,143 shares during the period. Stone Ridge Asset Management LLC bought a new stake in shares of Hecla Mining during the 4th quarter valued at $146,000. Ameritas Investment Partners Inc. grew its position in shares of Hecla Mining by 5.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock valued at $177,000 after acquiring an additional 1,643 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Hecla Mining during the 4th quarter valued at $180,000. 57.99% of the stock is owned by hedge funds and other institutional investors.
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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