Hecla Mining (NYSE:HL) gapped up before the market opened on Friday . The stock had previously closed at $2.28, but opened at $2.34. Hecla Mining shares last traded at $2.41, with a volume of 5590263 shares traded.

Several equities research analysts have recently weighed in on HL shares. Roth Capital started coverage on Hecla Mining in a research note on Monday, September 10th. They set a “buy” rating and a $5.00 price objective for the company. HC Wainwright set a $7.00 price objective on Hecla Mining and gave the stock a “buy” rating in a research note on Wednesday, October 24th. B. Riley decreased their target price on Hecla Mining from $5.00 to $3.75 and set a “buy” rating for the company in a research report on Thursday, September 20th. ValuEngine raised Hecla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Finally, TheStreet cut Hecla Mining from a “c-” rating to a “d” rating in a research report on Monday, November 26th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Hecla Mining currently has a consensus rating of “Buy” and an average target price of $4.59.

The stock has a market capitalization of $1.14 billion, a P/E ratio of 24.10 and a beta of 0.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.50 and a quick ratio of 0.92.

Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, November 8th. The basic materials company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $143.70 million during the quarter, compared to analyst estimates of $149.34 million. Hecla Mining had a positive return on equity of 0.60% and a negative net margin of 5.18%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $0.04 EPS. Equities research analysts predict that Hecla Mining will post -0.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Tuesday, November 20th were given a $0.0025 dividend. The ex-dividend date was Monday, November 19th. This represents a $0.01 annualized dividend and a dividend yield of 0.41%. Hecla Mining’s dividend payout ratio (DPR) is presently 10.00%.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Hecla Mining by 19.8% during the third quarter. Vanguard Group Inc. now owns 42,416,876 shares of the basic materials company’s stock valued at $118,343,000 after purchasing an additional 7,019,088 shares during the last quarter. Morgan Stanley boosted its position in Hecla Mining by 111.5% during the third quarter. Morgan Stanley now owns 3,810,126 shares of the basic materials company’s stock valued at $10,631,000 after purchasing an additional 2,008,268 shares during the last quarter. Legal & General Group Plc boosted its position in Hecla Mining by 39.8% during the third quarter. Legal & General Group Plc now owns 187,944 shares of the basic materials company’s stock valued at $524,000 after purchasing an additional 53,544 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Hecla Mining by 4.8% during the third quarter. TIAA CREF Investment Management LLC now owns 1,306,711 shares of the basic materials company’s stock valued at $3,646,000 after purchasing an additional 59,809 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in Hecla Mining by 17.0% during the third quarter. Teachers Advisors LLC now owns 907,397 shares of the basic materials company’s stock valued at $2,532,000 after purchasing an additional 131,706 shares during the last quarter. 59.06% of the stock is owned by institutional investors and hedge funds.

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Hecla Mining Company Profile (NYSE:HL)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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