Hecla Mining Sees Unusually High Options Volume (NYSE:HL)

Hecla Mining (NYSE:HLGet Free Report) was the recipient of unusually large options trading on Tuesday. Traders purchased 16,138 call options on the stock. This is an increase of approximately 130% compared to the average daily volume of 7,029 call options.

Institutional Investors Weigh In On Hecla Mining

Several hedge funds and other institutional investors have recently made changes to their positions in HL. FNY Investment Advisers LLC purchased a new stake in shares of Hecla Mining during the 3rd quarter valued at about $31,000. US Bancorp DE grew its stake in shares of Hecla Mining by 107.9% during the 4th quarter. US Bancorp DE now owns 7,637 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 3,963 shares during the period. Captrust Financial Advisors grew its stake in shares of Hecla Mining by 104.3% during the 2nd quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 4,932 shares during the period. Verition Fund Management LLC bought a new position in shares of Hecla Mining during the 2nd quarter valued at approximately $40,000. Finally, Nomura Holdings Inc. bought a new position in shares of Hecla Mining during the 2nd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $5.03 on Wednesday. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $7.00. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of -33.53 and a beta of 2.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.65. The business has a 50-day simple moving average of $3.96 and a two-hundred day simple moving average of $4.22.

Hecla Mining (NYSE:HLGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. The business had revenue of $160.69 million for the quarter, compared to analysts’ expectations of $151.51 million. During the same period in the previous year, the company earned $0.02 EPS. Hecla Mining’s revenue for the quarter was down 17.5% compared to the same quarter last year. On average, analysts expect that Hecla Mining will post 0.01 earnings per share for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Tuesday, March 12th were given a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, March 11th. Hecla Mining’s payout ratio is currently -20.00%.

Analyst Ratings Changes

Separately, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.45.

Check Out Our Latest Stock Analysis on Hecla Mining

Hecla Mining Company Profile

(Get Free Report)

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.

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