Hecla Mining (NYSE:HL) Shares Down 4.4% – What’s Next?

Shares of Hecla Mining Company (NYSE:HL) traded down 4.4% during mid-day trading on Monday . The company traded as low as $20.95 and last traded at $21.5270. 29,291,008 shares changed hands during trading, a decline of 4% from the average session volume of 30,537,936 shares. The stock had previously closed at $22.52.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HL shares. HC Wainwright raised their price objective on Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a research note on Tuesday, January 27th. CIBC raised their price target on Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Canaccord Genuity Group set a $26.50 price objective on shares of Hecla Mining in a research report on Friday, January 23rd. Roth Mkm reissued a “sell” rating and issued a $16.00 price objective on shares of Hecla Mining in a research note on Tuesday, January 27th. Finally, BMO Capital Markets raised their target price on shares of Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.00.

Hecla Mining Stock Performance

The company has a market capitalization of $14.43 billion, a PE ratio of 69.44 and a beta of 1.25. The stock’s fifty day simple moving average is $21.14 and its 200-day simple moving average is $14.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.51 and a current ratio of 2.15.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $409.54 million during the quarter, compared to the consensus estimate of $315.60 million. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The company’s quarterly revenue was up 67.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. As a group, equities analysts predict that Hecla Mining Company will post 0.21 earnings per share for the current year.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the transaction, the vice president owned 216,641 shares of the company’s stock, valued at $4,746,604.31. This represents a 19.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Russell Douglas Lawlar sold 148,372 shares of Hecla Mining stock in a transaction on Monday, November 10th. The shares were sold at an average price of $15.00, for a total value of $2,225,580.00. Following the completion of the sale, the chief financial officer directly owned 347,402 shares of the company’s stock, valued at approximately $5,211,030. This represents a 29.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 426,679 shares of company stock worth $7,678,773. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ninety One UK Ltd lifted its stake in shares of Hecla Mining by 1.7% in the 3rd quarter. Ninety One UK Ltd now owns 6,219,902 shares of the basic materials company’s stock valued at $75,261,000 after purchasing an additional 103,009 shares in the last quarter. Maryland State Retirement & Pension System purchased a new position in Hecla Mining in the third quarter valued at approximately $1,150,000. Yousif Capital Management LLC purchased a new position in Hecla Mining in the third quarter valued at approximately $2,483,000. Berman McAleer LLC acquired a new position in Hecla Mining during the third quarter valued at approximately $593,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Hecla Mining during the second quarter worth approximately $2,256,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Hecla Mining

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.