Hecla Mining Company (NYSE:HL) shares gapped up before the market opened on Thursday . The stock had previously closed at $3.86, but opened at $3.95. Hecla Mining shares last traded at $3.96, with a volume of 3877705 shares.

A number of research analysts have weighed in on HL shares. ValuEngine lowered Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. TheStreet lowered Hecla Mining from a “b-” rating to a “c” rating in a research note on Thursday, August 3rd. HC Wainwright reissued a “buy” rating and set a $8.50 price target on shares of Hecla Mining in a research note on Tuesday, August 29th. Canaccord Genuity reissued a “hold” rating and set a $5.00 price target on shares of Hecla Mining in a research note on Thursday, September 7th. Finally, BMO Capital Markets reissued a “hold” rating and set a $6.00 price target on shares of Hecla Mining in a research note on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.52.

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15. The company has a market cap of $1,580.00, a PE ratio of 53.57, a price-to-earnings-growth ratio of 75.00 and a beta of 0.31.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $140.80 million for the quarter, compared to analyst estimates of $151.32 million. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The business’s quarterly revenue was down 21.5% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS. analysts forecast that Hecla Mining Company will post 0.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 21st will be given a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Monday, November 20th. Hecla Mining’s dividend payout ratio (DPR) is currently 16.67%.

In related news, Director George R. Nethercutt, Jr. sold 62,500 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $5.24, for a total value of $327,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas increased its holdings in Hecla Mining by 2.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 802 shares in the last quarter. Suntrust Banks Inc. increased its holdings in Hecla Mining by 0.4% in the 2nd quarter. Suntrust Banks Inc. now owns 395,829 shares of the basic materials company’s stock valued at $2,018,000 after purchasing an additional 1,404 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Hecla Mining by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock valued at $177,000 after purchasing an additional 1,643 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Hecla Mining by 3.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 65,978 shares of the basic materials company’s stock valued at $335,000 after purchasing an additional 1,934 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in Hecla Mining by 4.2% in the 2nd quarter. Amalgamated Bank now owns 49,967 shares of the basic materials company’s stock valued at $255,000 after purchasing an additional 1,995 shares in the last quarter. Hedge funds and other institutional investors own 59.13% of the company’s stock.

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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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