Hecla Mining (NYSE:HL) VP Kurt Allen Sells 9,195 Shares

Hecla Mining (NYSE:HL) VP Kurt Allen sold 9,195 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $47,630.10. Following the completion of the sale, the vice president now directly owns 104,512 shares in the company, valued at approximately $541,372.16. This represents a 8.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hecla Mining Stock Up 0.3 %

Shares of NYSE HL opened at $5.23 on Thursday. The company has a 50 day simple moving average of $5.42 and a 200 day simple moving average of $5.87. The firm has a market cap of $3.30 billion, a PE ratio of 104.52 and a beta of 1.91. Hecla Mining has a 1 year low of $3.41 and a 1 year high of $7.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55.

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

Hecla Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders 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 (DPR) is 20.00%.

Institutional Trading of Hecla Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HL. Charles Schwab Investment Management Inc. increased its position in shares of Hecla Mining by 7.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company’s stock worth $44,813,000 after acquiring an additional 456,107 shares in the last quarter. FMR LLC lifted its stake in Hecla Mining by 51.3% during the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock valued at $36,258,000 after acquiring an additional 1,842,991 shares in the last quarter. Intech Investment Management LLC purchased a new position in Hecla Mining during the 3rd quarter worth $1,210,000. Geode Capital Management LLC grew its stake in Hecla Mining by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company’s stock valued at $92,499,000 after buying an additional 711,676 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Hecla Mining by 378.1% in the third quarter. BNP Paribas Financial Markets now owns 897,261 shares of the basic materials company’s stock worth $5,985,000 after acquiring an additional 709,576 shares during the period. 63.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on HL. StockNews.com raised Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday, February 17th. 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. Roth Mkm cut their price objective 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. TD Securities reduced their target price on shares of Hecla Mining from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, HC Wainwright reiterated a “buy” rating and set a $11.50 price objective on shares of Hecla Mining in a research note on Friday, February 14th. Four equities research 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 stock. According to MarketBeat.com, Hecla Mining currently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

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.