Hecla Mining (NYSE:HL) Stock Price Up 4.7% - Here's Why

Hecla Mining Company (NYSE:HL - Get Free Report)'s share price rose 4.7% during trading on Friday . The company traded as high as $6.13 and last traded at $6.17. Approximately 3,755,122 shares were traded during trading, a decline of 76% from the average daily volume of 15,974,832 shares. The stock had previously closed at $5.89.

Analyst Ratings Changes

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

Hecla Mining Trading Up 6.7%

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 stock has a market capitalization of $3.98 billion, a P/E ratio of 57.05 and a beta of 1.47. The firm's 50 day simple moving average is $5.56 and its two-hundred day simple moving average is $5.52.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $261.34 million for the quarter, compared to analyst estimates of $238.50 million. Hecla Mining had a net margin of 7.13% and a return on equity of 3.87%. The firm's quarterly revenue was up 37.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) earnings per share. As a group, analysts forecast that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

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

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Stuart Maurice Absolom sold 18,926 shares of the business's stock in a transaction dated 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 directly owned 59,410 shares in the company, valued at $395,670.60. The trade was a 24.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine J. Boggs purchased 20,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $4.99 per share, for a total transaction of $99,800.00. Following the completion of the purchase, the director directly owned 348,169 shares in the company, valued at $1,737,363.31. This represents a 6.09% increase in their position. The disclosure for this purchase can be found here. 0.62% of the stock is owned by insiders.

Institutional Trading of Hecla Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Focus Partners Advisor Solutions LLC increased its holdings in shares of Hecla Mining by 10.9% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 21,657 shares of the basic materials company's stock worth $120,000 after buying an additional 2,135 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Hecla Mining by 13.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,883 shares of the basic materials company's stock valued at $93,000 after purchasing an additional 2,169 shares during the last quarter. Arizona State Retirement System boosted its position in Hecla Mining by 1.3% during the 4th quarter. Arizona State Retirement System now owns 173,616 shares of the basic materials company's stock valued at $852,000 after buying an additional 2,297 shares during the period. Baader Bank Aktiengesellschaft boosted its position in Hecla Mining by 6.4% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 39,402 shares of the basic materials company's stock valued at $236,000 after buying an additional 2,368 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Hecla Mining by 10.7% during the 4th quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company's stock valued at $125,000 after buying an additional 2,457 shares during the period. Institutional investors own 63.01% of the company's stock.

About Hecla Mining

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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