Hecla Mining (NYSE:HL) Sees Strong Trading Volume

Hecla Mining (NYSE:HL - Get Free Report) saw strong trading volume on Wednesday . 2,396,481 shares traded hands during trading, a decline of 63% from the previous session's volume of 6,488,557 shares.The stock last traded at $5.25 and had previously closed at $5.03.

Wall Street Analysts Forecast Growth

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

Hecla Mining Trading Up 8.5 %

The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $4.00 and a two-hundred day moving average of $4.22. The stock has a market capitalization of $3.41 billion, a price-to-earnings 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) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. The business had revenue of $160.69 million during the quarter, compared to analyst estimates of $151.51 million. During the same period last year, the business posted $0.02 EPS. Hecla Mining's revenue was down 17.5% compared to the same quarter last year. On average, research analysts expect that Hecla Mining will post 0.01 EPS for the current year.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Tuesday, March 12th were issued a $0.006 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, March 11th. Hecla Mining's dividend payout ratio (DPR) is currently -13.33%.

Institutional Investors Weigh In On Hecla Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Hecla Mining by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 57,567,847 shares of the basic materials company's stock worth $225,090,000 after buying an additional 487,299 shares during the last quarter. Jump Financial LLC raised its stake in shares of Hecla Mining by 53.8% during the 3rd quarter. Jump Financial LLC now owns 566,574 shares of the basic materials company's stock worth $2,215,000 after buying an additional 198,254 shares during the last quarter. Northern Trust Corp raised its stake in shares of Hecla Mining by 1.2% during the 3rd quarter. Northern Trust Corp now owns 5,928,871 shares of the basic materials company's stock worth $23,182,000 after buying an additional 69,308 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Hecla Mining by 225.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 418,270 shares of the basic materials company's stock worth $1,635,000 after buying an additional 289,703 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Hecla Mining by 2.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,390,499 shares of the basic materials company's stock worth $52,357,000 after buying an additional 298,547 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

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.