Shares of Hecla Mining Co. (NYSE:HL) traded up 3.2% during mid-day trading on Wednesday . The company traded as high as $5.91 and last traded at $5.85, with a volume of 4,996,201 shares. The stock had previously closed at $5.67.

A number of analysts recently issued reports on the stock. Deutsche Bank AG increased their target price on shares of Hecla Mining from $4.20 to $5.50 and gave the stock a “hold” rating in a research report on Tuesday, August 9th. JPMorgan Chase & Co. raised shares of Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 target price for the company in a research report on Tuesday, August 9th. FBR & Co increased their target price on shares of Hecla Mining from $5.00 to $6.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, August 9th. BMO Capital Markets downgraded shares of Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 target price for the company. in a research report on Tuesday, August 23rd. Finally, Zacks Investment Research raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research report on Monday, July 11th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Hecla Mining presently has an average rating of “Hold” and an average price target of $5.60.

The firm’s market capitalization is $2.35 billion. The company’s 50-day moving average is $6.23 and its 200-day moving average is $4.73.

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Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. Hecla Mining had a positive return on equity of 1.54% and a negative net margin of 9.44%. The firm earned $171.30 million during the quarter, compared to analyst estimates of $141.25 million. During the same period last year, the company posted ($0.05) EPS. The business’s quarterly revenue was up 64.4% compared to the same quarter last year. On average, equities analysts anticipate that Hecla Mining Co. will post $0.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 23rd were issued a dividend of $0.0025 per share. The ex-dividend date was Friday, August 19th. This represents a $0.01 annualized dividend and a dividend yield of 0.16%. Hecla Mining’s dividend payout ratio is -7.14%.

In other news, Director Anthony P. Taylor sold 5,000 shares of Hecla Mining stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $6.09, for a total transaction of $30,450.00. Following the completion of the sale, the director now directly owns 45,000 shares in the company, valued at approximately $274,050. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anthony P. Taylor sold 6,921 shares of Hecla Mining stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $4.94, for a total value of $34,189.74. Following the sale, the director now owns 50,000 shares of the company’s stock, valued at $247,000. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its stake in shares of Hecla Mining by 9.8% in the second quarter. Van ECK Associates Corp now owns 50,543,657 shares of the company’s stock valued at $257,773,000 after buying an additional 4,519,275 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Hecla Mining by 4.7% in the second quarter. Vanguard Group Inc. now owns 27,718,003 shares of the company’s stock valued at $141,362,000 after buying an additional 1,232,231 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hecla Mining by 45.9% in the second quarter. Dimensional Fund Advisors LP now owns 23,453,101 shares of the company’s stock valued at $119,609,000 after buying an additional 7,379,724 shares in the last quarter. State Street Corp raised its stake in shares of Hecla Mining by 17.7% in the first quarter. State Street Corp now owns 13,529,297 shares of the company’s stock valued at $37,612,000 after buying an additional 2,033,796 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Hecla Mining by 6.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 10,310,187 shares of the company’s stock valued at $52,582,000 after buying an additional 608,234 shares in the last quarter. Institutional investors and hedge funds own 59.16% of the company’s stock.

About Hecla Mining

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. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi.

5 Day Chart for NYSE:HL

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