Hecla Mining Company (NYSE:HL) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 13,045,444 shares, a drop of 29.3% from the July 14th total of 18,444,535 shares. Based on an average daily trading volume, of 3,500,383 shares, the short-interest ratio is currently 3.7 days. Currently, 3.3% of the company’s stock are short sold.

Several hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in shares of Hecla Mining by 27.8% in the first quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock worth $106,000 after buying an additional 4,384 shares during the period. Trexquant Investment LP acquired a new stake in shares of Hecla Mining during the second quarter worth $124,000. Eqis Capital Management Inc. acquired a new stake in shares of Hecla Mining during the first quarter worth $144,000. Pacad Investment Ltd. boosted its stake in shares of Hecla Mining by 10.4% in the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock worth $140,000 after buying an additional 2,600 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of Hecla Mining by 148.1% in the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock worth $142,000 after buying an additional 16,561 shares during the period. 57.98% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on the stock. TheStreet downgraded shares of Hecla Mining from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada set a $6.00 target price on shares of Hecla Mining and gave the company a “hold” rating in a research report on Monday, April 24th. ValuEngine downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 target price on shares of Hecla Mining in a research report on Sunday, June 25th. Finally, BidaskClub downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.94.

Hecla Mining (NYSE HL) opened at 4.86 on Friday. The firm’s 50-day moving average is $5.12 and its 200 day moving average is $5.49. Hecla Mining has a 12 month low of $4.61 and a 12 month high of $7.64. The stock has a market capitalization of $1.94 billion, a P/E ratio of 39.51 and a beta of 0.44.

Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.05. The business had revenue of $134.30 million for the quarter, compared to analyst estimates of $130.54 million. Hecla Mining had a return on equity of 2.56% and a net margin of 7.88%. The firm’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same period last year, the company posted $0.06 earnings per share. On average, equities analysts anticipate that Hecla Mining will post $0.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd will be issued a dividend of $0.0025 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.21%. Hecla Mining’s dividend payout ratio (DPR) is 7.69%.

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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. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.

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