Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Hecla Mining (HL) Share Price
News stories about Hecla Mining (NYSE:HL) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hecla Mining earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 44.8036264593759 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Is the Stock In Play?: Hecla Mining Company (NYSE: HL) – Alpha Beta Stock (alphabetastock.com)
- Technical Facts that Every Trader Should Know about Hecla Mining Company (HL) – Wall Street Morning (wallstreetmorning.com)
- Analysts’ Views: Hecla Mining Company (HL) – AppsforPCdaily (appsforpcdaily.com)
- Average True Range (ATR) in Spotlight – Hecla Mining Company, (NYSE: HL) – Stock Watch (stocksnewstimes.com)
- Keep an Eyeball on P/S Ratio: Hecla Mining Company (NYSE:HL) a Silver Company – The Stock Street (press release) (thestreetpoint.com)
Shares of Hecla Mining (NYSE:HL) traded up $0.07 during trading on Wednesday, hitting $3.92. The company had a trading volume of 3,191,500 shares, compared to its average volume of 5,677,350. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15. Hecla Mining has a 1 year low of $3.63 and a 1 year high of $6.78. The firm has a market cap of $1,536.22, a P/E ratio of 55.00, a P/E/G ratio of 77.00 and a beta of 0.31.
Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The firm had revenue of $140.80 million during the quarter, compared to the consensus estimate of $151.32 million. During the same period in the previous year, the firm posted $0.07 EPS. The company’s quarterly revenue was down 21.5% compared to the same quarter last year. equities research analysts expect that Hecla Mining will post 0.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 21st will be given a dividend of $0.0025 per share. The ex-dividend date is Monday, November 20th. This represents a $0.01 annualized dividend and a dividend yield of 0.26%. Hecla Mining’s dividend payout ratio is currently 16.67%.
HL has been the subject of a number of research reports. Canaccord Genuity upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research report on Tuesday, November 14th. BMO Capital Markets reiterated a “hold” rating and set a $6.00 price target on shares of Hecla Mining in a research report on Wednesday, September 20th. ValuEngine downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. TheStreet downgraded shares of Hecla Mining from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. Finally, HC Wainwright reiterated a “buy” rating and set a $8.50 price target on shares of Hecla Mining in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Hecla Mining presently has an average rating of “Hold” and a consensus price target of $6.27.
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In related news, Director George R. Nethercutt, Jr. sold 62,500 shares of Hecla Mining stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $5.24, for a total transaction of $327,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company’s stock.
About Hecla Mining
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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