Hecla Mining (NYSE:HL) Sets New 1-Year High at $6.24

Hecla Mining (NYSE:HL - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $6.24 and last traded at $6.20, with a volume of 7637008 shares traded. The stock had previously closed at $6.10.

Analyst Ratings Changes

HL has been the subject of several research reports. HC Wainwright reiterated a "buy" rating and set a $10.25 price objective on shares of Hecla Mining in a research note on Thursday, May 9th. StockNews.com upgraded shares of Hecla Mining to a "sell" rating in a research note on Thursday, May 9th. National Bank Financial reiterated an "outperform market weight" rating on shares of Hecla Mining in a research note on Monday, April 8th. Cantor Fitzgerald upgraded shares of Hecla Mining to a "strong-buy" rating in a research note on Thursday, May 9th. Finally, Roth Mkm boosted their price objective on shares of Hecla Mining from $4.60 to $6.00 and gave the stock a "buy" rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $6.89.

Hecla Mining Stock Up 2.2 %

The firm has a market capitalization of $3.90 billion, a PE ratio of -41.57 and a beta of 2.21. The firm's 50 day moving average price is $5.02 and its two-hundred day moving average price is $4.52. The company has a quick ratio of 1.00, a current ratio of 1.67 and a debt-to-equity ratio of 0.34.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.006 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.02 dividend on an annualized basis and a yield of 0.38%. Hecla Mining's dividend payout ratio (DPR) is -20.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in Hecla Mining by 159,629.7% during the 1st quarter. Comerica Bank now owns 424,881 shares of the basic materials company's stock valued at $2,044,000 after acquiring an additional 424,615 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Hecla Mining during the first quarter worth $42,576,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Hecla Mining by 2.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,155,943 shares of the basic materials company's stock worth $5,560,000 after purchasing an additional 32,478 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of Hecla Mining during the first quarter worth $442,000. Finally, Condire Management LP acquired a new stake in shares of Hecla Mining during the first quarter worth $618,000. 63.01% of the stock is currently 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.