Hecla Mining Company Director Sells $30,391 in Stock (HL)
Hecla Mining Company (NYSE:HL) Director Anthony P. Taylor unloaded 9,099 shares of the company’s stock on the open market in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $3.34, for a total transaction of $30,390.66. Following the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $116,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
HL has been the subject of a number of recent research reports. 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. Three research analysts have rated the stock with a hold rating, Hecla Mining Company currently has an average rating of “Hold” and a consensus price target of $2.99.
Hecla Mining Company (NYSE:HL) traded down 4.03% during mid-day trading on Monday, hitting $3.33. The stock had a trading volume of 5,806,769 shares. Hecla Mining Company has a 52 week low of $2.63 and a 52 week high of $3.98. The stock’s 50-day moving average is $3.08 and its 200-day moving average is $3.16. The company’s market cap is $1.143 billion. Hecla Mining Company also was the target of a large drop in short interest during the month of June. As of June 13th, there was short interest totalling 18,409,379 shares, a drop of 17.7% from the May 30th total of 22,359,199 shares. Currently, 5.4% of the company’s shares are sold short. Based on an average trading volume of 5,620,877 shares, the days-to-cover ratio is presently 3.3 days.
Hecla Mining Company (NYSE:HL) last released its earnings data on Monday, May 5th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 64.4% on a year-over-year basis. On average, analysts predict that Hecla Mining Company will post $0.02 earnings per share 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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