Hecla Mining (NYSE:HL) Shares Gap Up to $5.13

Hecla Mining (NYSE:HL – Get Rating) shares gapped up before the market opened on Friday . The stock had previously closed at $5.13, but opened at $5.25. Hecla Mining shares last traded at $5.25, with a volume of 543,384 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. HC Wainwright upped their price target on shares of Hecla Mining from $6.25 to $7.00 and gave the company a “buy” rating in a report on Thursday, February 16th. Canaccord Genuity Group cut their price objective on Hecla Mining from $7.25 to $6.25 and set a “buy” rating for the company in a report on Thursday, February 16th. Finally, BMO Capital Markets increased their target price on Hecla Mining from $4.75 to $5.00 and gave the company a “market perform” rating in a report on Friday, January 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Hecla Mining currently has an average rating of “Moderate Buy” and a consensus price target of $5.92.

Hecla Mining Stock Up 0.8 %

The stock’s 50 day moving average is $5.71 and its 200 day moving average is $5.03. The company has a market capitalization of $3.14 billion, a PE ratio of -73.85 and a beta of 2.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.99 and a current ratio of 1.50.

Hecla Mining Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Thursday, March 9th will be given a dividend of $0.006 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a yield of 0.46%. Hecla Mining’s payout ratio is presently -42.85%.

Hedge Funds Weigh In On Hecla Mining

A number of hedge funds and other institutional investors have recently modified their holdings of HL. New York State Common Retirement Fund lifted its stake in shares of Hecla Mining by 0.5% in the 4th quarter. New York State Common Retirement Fund now owns 383,200 shares of the basic materials company’s stock valued at $2,131,000 after acquiring an additional 1,780 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Hecla Mining by 19.7% in the 4th quarter. Private Advisor Group LLC now owns 12,777 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 2,100 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Hecla Mining by 13.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,026 shares of the basic materials company’s stock valued at $75,000 after buying an additional 2,200 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Hecla Mining by 0.5% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 433,092 shares of the basic materials company’s stock worth $1,707,000 after acquiring an additional 2,316 shares in the last quarter. Finally, Xponance Inc. boosted its stake in Hecla Mining by 8.4% during the third quarter. Xponance Inc. now owns 31,160 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 2,414 shares in the last quarter. 59.73% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Company Profile

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Hecla Mining Co operates as a silver and gold production company. The firm produces lead, zinc and bulk concentrates for custom smelters and brokers and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, and Nevada Operations.