Hecla Mining (NYSE:HL) Stock Price Up 1.5% – What’s Next?

Hecla Mining Company (NYSE:HL) was up 1.5% on Friday . The stock traded as high as $25.01 and last traded at $24.9040. Approximately 23,995,127 shares traded hands during trading, a decline of 12% from the average daily volume of 27,162,684 shares. The stock had previously closed at $24.54.

Analysts Set New Price Targets

Several brokerages have commented on HL. Roth Mkm set a $13.00 price target on Hecla Mining in a research report on Wednesday, February 18th. Canadian Imperial Bank of Commerce upped their target price on shares of Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. Scotiabank boosted their price objective on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Finally, Canaccord Genuity Group set a $26.50 target price on shares of Hecla Mining in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hecla Mining has an average rating of “Hold” and an average target price of $21.63.

Hecla Mining Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 2.22. The firm has a market cap of $16.69 billion, a P/E ratio of 50.82 and a beta of 1.25. The stock’s 50 day moving average is $23.26 and its two-hundred day moving average is $16.32.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Monday, March 9th will be paid a $0.0038 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s payout ratio is currently 2.04%.

Insider Buying and Selling at Hecla Mining

In related news, VP David C. Sienko sold 207,553 shares of Hecla Mining stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the completion of the transaction, the vice president directly owned 906,370 shares of the company’s stock, valued at $17,601,705.40. This trade represents a 18.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kurt Allen sold 52,219 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the completion of the transaction, the vice president owned 216,641 shares in the company, valued at approximately $4,746,604.31. This trade represents a 19.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. acquired a new stake in Hecla Mining during the 4th quarter valued at $1,557,000. Invesco Ltd. raised its holdings in shares of Hecla Mining by 102.1% in the fourth quarter. Invesco Ltd. now owns 4,327,712 shares of the basic materials company’s stock valued at $83,049,000 after buying an additional 2,186,601 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in Hecla Mining by 9.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 10,905 shares of the basic materials company’s stock worth $209,000 after buying an additional 905 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Hecla Mining by 10.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 21,120 shares of the basic materials company’s stock worth $405,000 after acquiring an additional 2,075 shares during the last quarter. Finally, Summit Global Investments acquired a new position in shares of Hecla Mining during the fourth quarter worth approximately $1,279,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Company Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.