Robert Krcmarov Purchases 6,570 Shares of Hecla Mining (NYSE:HL) Stock

Hecla Mining (NYSE:HL) CEO Robert Krcmarov acquired 6,570 shares of Hecla Mining stock in a transaction dated Wednesday, February 19th. The shares were bought at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the purchase, the chief executive officer now directly owns 331,856 shares of the company’s stock, valued at approximately $1,755,518.24. The trade was a 2.02 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hecla Mining Price Performance

HL opened at $5.23 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. The stock has a market capitalization of $3.30 billion, a PE ratio of 104.52 and a beta of 1.91. The stock’s 50 day moving average price is $5.42 and its 200-day moving average price is $5.87. Hecla Mining has a 52-week low of $3.40 and a 52-week high of $7.68.

Hecla Mining (NYSE:HL) last released its quarterly earnings results 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). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The company had revenue of $249.66 million during the quarter, compared to the consensus estimate of $229.21 million. On average, equities research analysts predict that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining’s dividend payout ratio is currently 100.02%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HL. HC Wainwright restated a “buy” rating and set a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. National Bank Financial lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Securities decreased 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. StockNews.com raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday, February 17th. Finally, Roth Mkm cut their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $8.00.

Institutional Trading of Hecla Mining

Institutional investors and hedge funds have recently bought and sold shares of the stock. Forum Financial Management LP lifted its position in Hecla Mining by 148.8% during the fourth quarter. Forum Financial Management LP now owns 24,940 shares of the basic materials company’s stock valued at $122,000 after buying an additional 14,915 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of Hecla Mining in the 4th quarter worth about $404,000. CTC Alternative Strategies Ltd. purchased a new position in Hecla Mining during the 4th quarter valued at about $59,000. Neo Ivy Capital Management bought a new stake in Hecla Mining during the fourth quarter worth about $1,547,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Hecla Mining by 8.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,578,828 shares of the basic materials company’s stock worth $7,752,000 after acquiring an additional 127,756 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.