Hecla Mining Company Director Unloads $30,391 in Stock (HL)
Hecla Mining Company (NYSE:HL) Director Anthony P. Taylor sold 9,099 shares of the stock on the open market in a transaction dated Monday, July 7th. The stock was sold at an average price of $3.34, for a total value of $30,390.66. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link.
Hecla Mining Company (NYSE:HL) opened at 3.33 on Tuesday. Hecla Mining Company has a one year low of $2.63 and a one year high of $3.98. The stock has a 50-day moving average of $3.08 and a 200-day moving average of $3.16. The company’s market cap is $1.143 billion. Hecla Mining Company also was the recipient of a large decline in short interest during the month of June. As of June 13th, there was short interest totalling 18,409,379 shares, a decline of 17.7% from the May 30th total of 22,359,199 shares. Based on an average daily trading volume, of 5,620,877 shares, the short-interest ratio is presently 3.3 days. Approximately 5.4% of the shares of the company are short sold.
Hecla Mining Company (NYSE:HL) last issued its quarterly 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 last year, the company posted $0.01 earnings per share. Hecla Mining Company’s revenue was up 64.4% compared to the same quarter last year. Analysts expect that Hecla Mining Company will post $0.02 EPS for the current fiscal year.
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. Three equities research analysts have rated the stock with a hold rating, Hecla Mining Company has a consensus rating of “Hold” and an average price target of $2.99.
Hecla Mining Company is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc.
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