Shares of Hecla Mining (HL) saw major losses on Monday. The stock traded down ($0.77) or 8.01% for the day and last traded at $8.84. Approximately 10,642,982 shares changed hands during mid-day trading.
Separately, analysts at Zacks Investment Research reiterated a neutral rating on shares of Hecla Mining in a research note to investors on Wednesday, December 29th. Also, analysts at Rodman & Renshaw reiterated a market perform rating on shares of Hecla Mining in a research note to investors on Monday, December 13rd. They now have a $13.50 price target on the stock, up previously from $8.00.
Hecla Mining Company is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc. The Company produces lead, zinc and bulk concentrates, which it sells to custom smelters, and unrefined gold bullion bars (dore), which may be sold as dore or further refined before sale to precious metals traders. The Company is organized into two segments: the Greens Creek and Lucky Friday units. Its wholly-owned subsidiary is Hecla Alaska LLC.
Hecla Mining has a 52 week low of $4.52 and a 52 week high of $11.56. The stocks 50-day moving average is $9.26 and its 200-day moving average is $9.01. The company has a market cap of $2.480 billion and a price-to-earnings ratio of 73.92.
