Insider Selling: Hecla Mining (NYSE:HL) CAO Sells 32,387 Shares of Stock

Hecla Mining (NYSE:HL) CAO Michael L. Clary sold 32,387 shares of Hecla Mining stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $167,764.66. Following the completion of the transaction, the chief accounting officer now owns 246,440 shares of the company’s stock, valued at approximately $1,276,559.20. The trade was a 11.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hecla Mining Stock Up 1.3 %

HL stock opened at $5.14 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The stock has a market capitalization of $3.24 billion, a P/E ratio of 102.72 and a beta of 1.91. The business has a 50-day moving average of $5.42 and a 200-day moving average of $5.87. Hecla Mining has a fifty-two week low of $3.51 and a fifty-two week high of $7.68.

Hecla Mining (NYSE:HL) last posted 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 for the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. On average, sell-side analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a dividend of $0.0038 per share. The ex-dividend date is Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.29%. Hecla Mining’s payout ratio is presently 20.00%.

Analyst Ratings Changes

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

Institutional Trading of Hecla Mining

Several institutional investors and hedge funds have recently bought and sold shares of HL. GAMMA Investing LLC raised its holdings in Hecla Mining by 771.8% during the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 4,438 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new stake in Hecla Mining in the fourth quarter valued at approximately $25,000. Principal Securities Inc. bought a new stake in Hecla Mining in the fourth quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Hecla Mining in the third quarter valued at approximately $28,000. Finally, Blue Trust Inc. raised its stake in Hecla Mining by 30.7% in the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after buying an additional 1,961 shares during the period. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Company Profile

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.