Hecla Mining (NYSE:HL) CFO Sells $84,604.94 in Stock

Hecla Mining (NYSE:HL) CFO Russell Douglas Lawlar sold 16,333 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $84,604.94. Following the completion of the transaction, the chief financial officer now directly owns 297,983 shares in the company, valued at approximately $1,543,551.94. This represents a 5.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hecla Mining Trading Up 0.3 %

Hecla Mining stock opened at $5.23 on Thursday. The firm’s 50-day moving average is $5.42 and its 200-day moving average is $5.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. Hecla Mining has a 1 year low of $3.41 and a 1 year high of $7.68. The company has a market cap of $3.30 billion, a P/E ratio of 104.52 and a beta of 1.91.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $249.66 million during the quarter, compared to the consensus estimate of $229.21 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. On average, equities analysts expect that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a dividend of $0.0038 per share. The ex-dividend date is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.29%. Hecla Mining’s dividend payout ratio (DPR) is 20.00%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Securities cut their target price on shares of Hecla Mining from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Friday, February 21st. Roth Mkm cut their target price on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. StockNews.com raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Institutional Trading of Hecla Mining

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hecla Mining in the 3rd quarter worth approximately $28,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Hecla Mining in the 4th quarter worth approximately $25,000. GAMMA Investing LLC grew its stake in shares of Hecla Mining by 771.8% in the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 4,438 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Hecla Mining in the 4th quarter worth approximately $25,000. Finally, Blue Trust Inc. grew its stake in shares of Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,961 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.