Hecla Mining (NYSE:HL) CEO Purchases $34,755.30 in Stock

Hecla Mining (NYSE:HL) CEO Robert Krcmarov bought 6,570 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was 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 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Hecla Mining Stock Performance

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

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

Hecla Mining Cuts Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining’s dividend payout ratio (DPR) is presently 100.02%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Securities dropped 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. Roth Mkm reduced their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, February 18th. HC Wainwright reaffirmed a “buy” rating and issued a $11.50 price objective on shares of Hecla Mining in a research report on Friday, February 14th. Finally, StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Four investment 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 company. According to data from MarketBeat.com, Hecla Mining has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HL. Vanguard Group Inc. raised its position in Hecla Mining by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company’s stock worth $301,440,000 after acquiring an additional 774,000 shares during the period. Van ECK Associates Corp grew its position in shares of Hecla Mining by 4.3% during the 3rd quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock valued at $391,510,000 after acquiring an additional 2,238,559 shares during the period. Tidal Investments LLC increased its stake in shares of Hecla Mining by 100.5% in the 4th quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company’s stock worth $77,999,000 after purchasing an additional 7,960,826 shares in the last quarter. Geode Capital Management LLC raised its holdings in Hecla Mining by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 13,904,662 shares of the basic materials company’s stock worth $68,289,000 after purchasing an additional 39,421 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Hecla Mining by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company’s stock valued at $35,453,000 after purchasing an additional 502,094 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

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.