Hecla Mining Company Short Interest Up 15.8% in May (HL)
Shares of Hecla Mining Company (NYSE:HL) saw a significant growth in short interest in May. As of May 30th, there was short interest totalling 22,359,199 shares, a growth of 15.8% from the May 15th total of 19,313,309 shares, American Banking and Market News reports. Based on an average trading volume of 5,045,504 shares, the days-to-cover ratio is presently 4.4 days. Approximately 6.6% of the company’s shares are short sold.
A number of analysts have recently weighed in on HL shares. Analysts at Cowen and Company initiated coverage on shares of Hecla Mining Company in a research note on Friday, June 13th. They set a “market perform” rating and a $2.22 price target on the stock. Separately, analysts at Roth Capital raised their price target on shares of Hecla Mining Company from $3.50 to $3.75 in a research note on Friday, May 30th. Finally, analysts at Roth Capital upgraded shares of Hecla Mining Company from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 7th. They now have a $3.50 price target on the stock. Four equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $3.12.
Shares of Hecla Mining Company (NYSE:HL) opened at 3.27 on Monday. Hecla Mining Company has a 1-year low of $2.63 and a 1-year high of $3.98. The stock has a 50-day moving average of $2.99 and a 200-day moving average of $3.11. The company’s market cap is $1.122 billion.
Hecla Mining Company (NYSE:HL) last released its earnings data on Monday, May 5th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $125.80 million for the quarter, compared to the consensus estimate of $124.20 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 64.4% on a year-over-year basis. Analysts expect that Hecla Mining Company will post $0.01 EPS for the current fiscal year.
Hecla Mining Company is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc.
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