Hecla Mining Company Sees Significant Decrease in Short Interest (HL)
Shares of Hecla Mining Company (NYSE:HL) saw a large drop in short interest in 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, StockRatingsNetwork reports. Currently, 5.4% of the shares of the company are short sold. Based on an average trading volume of 5,620,877 shares, the short-interest ratio is presently 3.3 days.
In other Hecla Mining Company news, Director Anthony P. Taylor sold 9,099 shares of Hecla Mining Company stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $3.34, for a total value of $30,390.66. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $2.99.
Hecla Mining Company (NYSE:HL) opened at 3.33 on Tuesday. Hecla Mining Company has a 52-week low of $2.63 and a 52-week 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 (NYSE:HL) last posted its quarterly earnings results 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. Analysts expect that Hecla Mining Company will post $0.02 EPS for the current fiscal year.
Hecla Mining Company is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.