JPMorgan Chase & Co. lowered its stake in shares of Hecla Mining Company (NYSE:HL) by 96.8% during the first quarter, according to its most recent Form 13F filing with the SEC. During the same quarter a year ago, the business posted $0.06 EPS. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 39.59 and a beta of 0.44. Eqis Capital Management Inc. increased its stake in Hecla Mining by 20.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 7,000,000 shares of the basic materials company's stock worth $37,030,000 after buying an additional 1,075,000 shares during the last quarter. The stock touched 52-week High of $7.64 on 11/09/16 and 52-week Low of $4.61 on 03/14/17. BlackRock Inc. now owns 25,056,653 shares of the basic materials company's stock valued at $132,549,000 after buying an additional 24,960,628 shares in the last quarter. Hecla Mining earned a daily sentiment score of 0.03 on Accern's scale.
The PEG ratio (price/earnings to growth ratio) is a valuation metric used to assess the relative trade-off between the price of a stock, the earnings per share (EPS), and the company's expected growth.
Hecla Mining (HL) traded up 2.96% during trading on Wednesday, reaching $4.87. Ameritas Investment Partners Inc. boosted its position in Hecla Mining by 5.0% in the second quarter.
Several large investors have recently bought and sold shares of HL. Finally, State Street Corp increased its position in shares of Hecla Mining by 17.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 97,242 shares of the basic materials company's stock worth $496,000 after buying an additional 2,784 shares during the last quarter. 1,539,179 shares of the company's stock were exchanged. TheStreet upgraded Hecla Mining from a "c+" rating to a "b" rating in a research note on Monday, June 12th. Finally, HC Wainwright restated a "buy" rating and issued a $8.00 price objective on shares of Hecla Mining in a report on Sunday, June 25th. Zacks Investment Research downgraded Hecla Mining from a "hold" rating to a "sell" rating in a report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a "hold" rating and set a $6.00 price target on shares of Hecla Mining in a report on Tuesday, May 30th. The firm has a 50-day moving average of $5.14 and a 200-day moving average of $5.50.
While considering growth estimates of the company, it has next quarter growth estimates of 33.3% whereas during current quarter it has -71.4% estimations over growth, comparing to the estimations of -56.2% during current year and 171.4% for next year.
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What is Hecla Mining's value based on current earnings?
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.0025 per share. The ex-dividend date is Monday, August 21st. This represents a $0.01 annualized dividend and a dividend yield of 0.21%. Hecla Mining's dividend payout ratio (DPR) is 7.69%.
WARNING: "Hecla Mining Company (NYSE:HL) Short Interest Update" was posted by Chaffey Breeze and is the property of of Chaffey Breeze.
HL is trading at quite high price to earnings (PE) ratio of 39.5x and this is also telling us Hecla Mining is overvalued when compared to the U.S. market average of 23.6x and overvalued based on current earnings compared to the Materials industry average of 28.2x. If you are viewing this news story on another site, it was illegally copied and reposted in violation of US and worldwide trademark and copyright legislation. The Firm and its subsidiaries provide precious and base metals to the United States and around the world. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock.
It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars containing gold and silver. BidaskClub lowered Hecla Mining from a "hold" rating to a "sell" rating in a research report on Friday, June 16th.