Hecla Mining (NYSE:HL) Shares Up 3.7% - What's Next?

Key Points

• Hecla Mining's shares increased by 3.7% on Thursday, trading at $11.35, despite trading volume being 87% lower than the average daily volume.
• The company reported a net margin of 9.55% and a 23.8% revenue increase year-over-year, with an EPS of $0.08 exceeding estimates.
• Hecla Mining declared a quarterly dividend of $0.0038, translating to an annual dividend yield of 0.1%, with a payout ratio of 6.25%.

Hecla Mining Company (NYSE:HL - Get Free Report)'s share price was up 3.7% on Thursday . The stock traded as high as $11.35 and last traded at $11.35. Approximately 2,825,665 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 22,317,002 shares. The stock had previously closed at $10.95.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HL. Roth Capital reiterated a "neutral" rating on shares of Hecla Mining in a research note on Thursday, August 7th. Wall Street Zen raised Hecla Mining from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. National Bankshares set a $7.00 price target on Hecla Mining in a report on Friday, June 13th. BMO Capital Markets upped their price objective on Hecla Mining from $6.00 to $6.50 and gave the company a "market perform" rating in a research note on Thursday, August 7th. Finally, CIBC increased their target price on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $7.36.

Hecla Mining Stock Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 2.67. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 71.10 and a beta of 1.29. The company's 50 day simple moving average is $8.19 and its 200 day simple moving average is $6.50.

Hecla Mining (NYSE:HL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $304.03 million for the quarter, compared to the consensus estimate of $248.93 million. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The firm's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. On average, equities research analysts anticipate that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd were issued a $0.0038 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining's dividend payout ratio (DPR) is presently 6.25%.

Insider Transactions at Hecla Mining

In other news, VP Stuart Maurice Absolom sold 14,472 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $11.29, for a total value of $163,388.88. Following the completion of the transaction, the vice president owned 73,200 shares in the company, valued at $826,428. The trade was a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.62% of the company's stock.

Institutional Investors Weigh In On Hecla Mining

Large investors have recently bought and sold shares of the company. Transce3nd LLC acquired a new stake in shares of Hecla Mining in the second quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Hecla Mining in the 1st quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its position in Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company's stock worth $37,000 after purchasing an additional 4,425 shares during the period. Headlands Technologies LLC acquired a new position in shares of Hecla Mining in the second quarter worth $44,000. Finally, PFG Investments LLC acquired a new stake in shares of Hecla Mining in the first quarter valued at about $56,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.

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