Hecla Mining (NYSE:HL) Shares Down 5.5% - What's Next?

Hecla Mining Company (NYSE:HL - Get Free Report)'s stock price fell 5.5% on Tuesday . The stock traded as low as $5.99 and last traded at $5.82. 2,289,937 shares changed hands during trading, a decline of 85% from the average session volume of 15,766,661 shares. The stock had previously closed at $6.16.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HL. BMO Capital Markets restated a "market perform" rating and set a $5.50 price objective (down previously from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. National Bankshares set a $7.00 price objective on shares of Hecla Mining in a research report on Friday, June 13th. TD Securities reduced their price objective on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Monday, May 5th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a research report on Thursday, June 12th. Finally, Roth Capital restated a "neutral" rating and set a $6.00 price objective on shares of Hecla Mining in a research report on Tuesday, July 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.92.

Hecla Mining Stock Up 7.7%

The business's 50 day simple moving average is $5.56 and its 200 day simple moving average is $5.52. The company has a quick ratio of 0.75, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4.01 billion, a PE ratio of 57.69 and a beta of 1.47.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The company had revenue of $261.34 million during the quarter, compared to analysts' expectations of $238.50 million. Hecla Mining had a return on equity of 3.87% and a net margin of 7.13%. Hecla Mining's revenue for the quarter was up 37.9% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. As a group, analysts forecast that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 23rd were given a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, May 23rd. Hecla Mining's dividend payout ratio (DPR) is 9.09%.

Insider Buying and Selling

In other news, Director Catherine J. Boggs acquired 20,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average price of $4.99 per share, for a total transaction of $99,800.00. Following the completion of the acquisition, the director owned 348,169 shares of the company's stock, valued at approximately $1,737,363.31. This represents a 6.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stuart Maurice Absolom sold 18,926 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $6.66, for a total value of $126,047.16. Following the transaction, the vice president owned 59,410 shares in the company, valued at approximately $395,670.60. This trade represents a 24.16% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company's stock.

Institutional Investors Weigh In On Hecla Mining

Several hedge funds and other institutional investors have recently modified their holdings of HL. Vanguard Group Inc. lifted its holdings in shares of Hecla Mining by 2.3% during the first quarter. Vanguard Group Inc. now owns 62,830,935 shares of the basic materials company's stock valued at $349,340,000 after acquiring an additional 1,437,895 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Hecla Mining by 8.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,827,696 shares of the basic materials company's stock valued at $160,285,000 after acquiring an additional 2,306,239 shares during the period. Tidal Investments LLC lifted its holdings in shares of Hecla Mining by 100.5% during the fourth quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock valued at $77,999,000 after acquiring an additional 7,960,826 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Hecla Mining by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 13,904,662 shares of the basic materials company's stock valued at $68,289,000 after acquiring an additional 39,421 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hecla Mining by 12.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,124,216 shares of the basic materials company's stock valued at $67,411,000 after acquiring an additional 1,366,700 shares during the period. Institutional investors and hedge funds 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.