Hecla Mining Co. (NYSE:HL) – Equities research analysts at FBR & Co boosted their FY2016 earnings per share estimates for Hecla Mining in a research report issued on Tuesday. FBR & Co analyst L. Pipes now anticipates that the brokerage will post earnings of $0.14 per share for the year, up from their prior forecast of $0.12. FBR & Co currently has a “Mkt Perform” rating and a $6.00 price target on the stock.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The business earned $171.30 million during the quarter, compared to analyst estimates of $141.25 million. Hecla Mining had a negative net margin of 9.44% and a positive return on equity of 1.54%. The business’s revenue was up 64.4% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS.

Earnings History and Estimates for Hecla Mining (NYSE:HL)

Several other research firms have also weighed in on HL. Deutsche Bank AG upped their target price on shares of Hecla Mining from $4.20 to $5.50 and gave the stock a “hold” rating in a 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 on the stock in a report on Tuesday, August 9th. BMO Capital Markets lowered shares of Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 target price on the stock. in a report on Tuesday, August 23rd. Zacks Investment Research raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a report on Monday, July 11th. Finally, Rodman & Renshaw began coverage on shares of Hecla Mining in a report on Tuesday, September 6th. They issued a “buy” rating and a $9.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $5.51.

Shares of Hecla Mining (NYSE:HL) traded up 2.4385% on Wednesday, reaching $6.0746. 5,973,240 shares of the company’s stock traded hands. The firm’s market capitalization is $2.35 billion. The company’s 50-day moving average is $5.63 and its 200-day moving average is $5.12. Hecla Mining has a 52 week low of $1.45 and a 52 week high of $7.26.

Hedge funds have recently made changes to their positions in the stock. Raymond James & Associates increased its stake in shares of Hecla Mining by 88.8% in the second quarter. Raymond James & Associates now owns 20,780 shares of the company’s stock worth $106,000 after buying an additional 9,776 shares in the last quarter. Investors Capital Advisory Services increased its stake in shares of Hecla Mining by 0.3% in the second quarter. Investors Capital Advisory Services now owns 22,489 shares of the company’s stock worth $114,000 after buying an additional 57 shares in the last quarter. Washington Trust Bank increased its stake in shares of Hecla Mining by 4.3% in the second quarter. Washington Trust Bank now owns 23,467 shares of the company’s stock worth $120,000 after buying an additional 967 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Hecla Mining by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 23,781 shares of the company’s stock worth $121,000 after buying an additional 143 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Hecla Mining by 6.6% in the second quarter. Nuveen Asset Management LLC now owns 25,262 shares of the company’s stock worth $129,000 after buying an additional 1,567 shares in the last quarter. Institutional investors and hedge funds own 57.97% of the company’s stock.

In related news, VP David C. Sienko sold 13,722 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $5.85, for a total value of $80,273.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anthony P. Taylor sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $7.13, for a total transaction of $106,950.00. Following the completion of the sale, the director now owns 30,000 shares in the company, valued at $213,900. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Hecla Mining Company Profile

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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