Hecla Mining (NYSE:HL) Shares Up 10.3% - Still a Buy?

Shares of Hecla Mining (NYSE:HL - Get Free Report) traded up 10.3% on Monday . The company traded as high as $5.64 and last traded at $5.67. 4,082,285 shares traded hands during trading, a decline of 71% from the average session volume of 14,276,757 shares. The stock had previously closed at $5.14.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Roth Mkm cut their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a report on Tuesday, February 18th. TD Securities dropped their price objective on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a report on Friday, March 21st. BMO Capital Markets reissued a "market perform" rating and issued a $5.50 price target (down from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Finally, HC Wainwright reissued a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Hecla Mining currently has an average rating of "Hold" and an average price target of $7.13.

Hecla Mining Trading Up 5.3%

The firm has a market capitalization of $4.07 billion, a P/E ratio of 128.73 and a beta of 1.44. The business's 50-day moving average is $5.33 and its 200 day moving average is $5.43. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business had revenue of $261.34 million for the quarter, compared to the consensus estimate of $238.50 million. During the same period in the prior year, the business posted ($0.01) earnings per share. Hecla Mining's revenue was up 37.9% compared to the same quarter last year. As a group, analysts anticipate that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.23%. The ex-dividend date is Friday, May 23rd. Hecla Mining's dividend payout ratio is currently 9.09%.

Insider Buying and Selling at Hecla Mining

In other news, Director Catherine J. Boggs bought 20,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $4.99 per share, with a total value of $99,800.00. Following the acquisition, the director now directly owns 348,169 shares in the company, valued at $1,737,363.31. This represents a 6.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.62% of the company's stock.

Hedge Funds Weigh In On Hecla Mining

Several hedge funds have recently bought and sold shares of HL. Ameliora Wealth Management Ltd. acquired a new stake in Hecla Mining during the 4th quarter worth approximately $25,000. Principal Securities Inc. bought a new stake in shares of Hecla Mining during the fourth quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Hecla Mining during the first quarter worth about $31,000. Blue Trust Inc. raised its holdings in shares of Hecla Mining by 30.7% in the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 1,961 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Hecla Mining in the fourth quarter valued at about $44,000. 63.01% of the stock is owned by 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.