Hecla Mining (HL) Shares Gap Up to $1.99

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Shares of Hecla Mining (NYSE:HL) gapped up before the market opened on Friday . The stock had previously closed at $1.94, but opened at $1.99. Hecla Mining shares last traded at $2.05, with a volume of 4703824 shares traded.

HL has been the topic of several recent research reports. Canaccord Genuity lowered Hecla Mining from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Royal Bank of Canada lowered Hecla Mining from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from $46.00 to $2.45 in a report on Thursday, January 17th. ValuEngine lowered Hecla Mining from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Zacks Investment Research raised Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th. Finally, HC Wainwright set a $6.00 price objective on Hecla Mining and gave the stock a “buy” rating in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, four 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 $3.78.

The firm has a market capitalization of $995.07 million, a price-to-earnings ratio of -18.64 and a beta of 0.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.21 and a quick ratio of 0.56.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, February 21st. The basic materials company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). Hecla Mining had a negative return on equity of 2.13% and a negative net margin of 4.68%. The firm had revenue of $136.50 million for the quarter, compared to analyst estimates of $148.84 million. During the same period in the previous year, the business posted ($0.07) EPS. Hecla Mining’s revenue for the quarter was down 14.7% compared to the same quarter last year.

Hedge funds have recently made changes to their positions in the stock. Wedbush Securities Inc. acquired a new stake in Hecla Mining in the 1st quarter valued at $25,000. Brookstone Capital Management acquired a new stake in Hecla Mining in the 4th quarter valued at $27,000. Strategic Family Wealth Counselors L.L.C. acquired a new stake in Hecla Mining in the 4th quarter valued at $34,000. Timber Hill LLC acquired a new stake in Hecla Mining in the 4th quarter valued at $35,000. Finally, Heritage Investors Management Corp acquired a new stake in Hecla Mining in the 1st quarter valued at $43,000. 60.48% of the stock is currently owned by institutional investors and hedge funds.

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About Hecla Mining (NYSE:HL)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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