Hecla Mining (NYSE:HL) Trading Down 2%

Hecla Mining (NYSE:HL - Get Free Report) shares were down 2% during trading on Thursday . The company traded as low as $5.24 and last traded at $5.35. Approximately 1,435,237 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 6,647,152 shares. The stock had previously closed at $5.46.

Analysts Set New Price Targets

Separately, National Bank Financial reiterated an "outperform market weight" rating on shares of Hecla Mining in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hecla Mining currently has a consensus rating of "Moderate Buy" and an average target price of $6.45.

Hecla Mining Trading Down 2.6 %

The business's 50-day moving average is $4.00 and its two-hundred day moving average is $4.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.65 and a quick ratio of 1.06. The firm has a market cap of $3.33 billion, a P/E ratio of -36.40 and a beta of 2.20.

Hecla Mining (NYSE:HL - Get Free Report) last released its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The company had revenue of $160.69 million during the quarter, compared to analyst estimates of $151.51 million. Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. Hecla Mining's revenue was down 17.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 EPS. As a group, analysts predict that Hecla Mining will post 0.01 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were paid a $0.006 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.02 annualized dividend and a dividend yield of 0.45%. Hecla Mining's dividend payout ratio is presently -20.00%.

Hedge Funds Weigh In On Hecla Mining

A number of institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new stake in shares of Hecla Mining during the 3rd quarter worth about $31,000. US Bancorp DE increased its position in Hecla Mining by 107.9% during the 4th quarter. US Bancorp DE now owns 7,637 shares of the basic materials company's stock worth $37,000 after buying an additional 3,963 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Hecla Mining by 104.3% during the second quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company's stock worth $38,000 after buying an additional 4,932 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Hecla Mining in the second quarter valued at about $40,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Hecla Mining in the second quarter valued at about $45,000. Institutional investors and hedge funds 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.