Hecla Mining Company (NYSE:HL) posted its quarterly earnings data on Monday. The basic materials company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. Hecla Mining Company had a negative net margin of 2.29% and a positive return on equity of 4.88%. The company had revenue of $142.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same quarter in the prior year, the company posted $0.02 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year.
Hecla Mining Company (NYSE:HL) traded down 4.32% during trading on Thursday, hitting $5.76. The stock had a trading volume of 8,295,748 shares. The company’s 50-day moving average is $5.49 and its 200 day moving average is $5.79. The firm has a market cap of $2.28 billion, a PE ratio of 23.32 and a beta of 0.47. Hecla Mining Company has a 52 week low of $3.83 and a 52 week high of $7.64.
The firm also recently announced a dividend, which will be paid on Friday, June 2nd. Stockholders of record on Wednesday, May 24th will be paid a dividend of $0.002 per share. The ex-dividend date is Monday, May 22nd. Hecla Mining Company’s dividend payout ratio (DPR) is currently -24.99%.
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In other Hecla Mining Company news, Director Anthony P. Taylor sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 13th. The stock was sold at an average price of $6.09, for a total value of $182,700.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Credit Suisse AG raised its stake in Hecla Mining Company by 97.1% in the first quarter. Credit Suisse AG now owns 1,316,349 shares of the basic materials company’s stock worth $6,963,000 after buying an additional 648,356 shares during the period. Brookfield Asset Management Inc. raised its stake in Hecla Mining Company by 9.1% in the first quarter. Brookfield Asset Management Inc. now owns 600,000 shares of the basic materials company’s stock worth $3,174,000 after buying an additional 50,000 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Hecla Mining Company by 0.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 265,830 shares of the basic materials company’s stock worth $1,406,000 after buying an additional 2,181 shares during the period. AQR Capital Management LLC raised its stake in Hecla Mining Company by 10.6% in the first quarter. AQR Capital Management LLC now owns 736,091 shares of the basic materials company’s stock worth $3,894,000 after buying an additional 70,346 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new stake in Hecla Mining Company during the first quarter worth about $806,000. 54.49% of the stock is currently owned by hedge funds and other institutional investors.
HL has been the subject of a number of research analyst reports. Canaccord Genuity reaffirmed a “hold” rating and set a $6.50 price objective on shares of Hecla Mining Company in a research note on Monday, February 6th. Zacks Investment Research raised shares of Hecla Mining Company from a “sell” rating to a “hold” rating in a research note on Friday, February 17th. BMO Capital Markets raised shares of Hecla Mining Company from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $5.00 to $6.50 in a research note on Friday, February 24th. Finally, Royal Bank of Canada set a $6.00 target price on Hecla Mining Company and gave the stock a “hold” rating in a report on Tuesday, March 21st. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $6.62.
Hecla Mining Company Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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