Hecla Mining (NYSE:HL – Get Free Report) CFO Russell Douglas Lawlar sold 16,333 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $84,604.94. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Hecla Mining Price Performance
NYSE:HL traded up $0.05 during mid-day trading on Wednesday, reaching $5.26. The stock had a trading volume of 9,950,409 shares, compared to its average volume of 17,586,852. The firm has a 50 day moving average price of $5.41 and a two-hundred day moving average price of $5.88. Hecla Mining has a one year low of $3.41 and a one year high of $7.68. The stock has a market capitalization of $3.32 billion, a P/E ratio of 105.12 and a beta of 1.91. 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 (NYSE:HL – Get Free Report) last issued its 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 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 the consensus estimate of $229.21 million. As a group, analysts expect that Hecla Mining will post 0.21 earnings per share for the current year.
Hecla Mining Cuts Dividend
Wall Street Analyst Weigh In
A number of brokerages have commented on HL. StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Roth Mkm lowered their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a report on Tuesday, February 18th. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. TD Securities cut their price target on shares of Hecla Mining from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, HC Wainwright reaffirmed a “buy” rating and set a $11.50 price target on shares of Hecla Mining in a research 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hecla Mining has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.
Read Our Latest Stock Analysis on Hecla Mining
Institutional Investors Weigh In On Hecla Mining
A number of hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in shares of Hecla Mining by 30.7% in the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 1,961 shares during the last quarter. Arizona State Retirement System grew its position in Hecla Mining by 1.3% during the 4th quarter. Arizona State Retirement System now owns 173,616 shares of the basic materials company’s stock worth $852,000 after purchasing an additional 2,297 shares in the last quarter. Hollencrest Capital Management raised its holdings in Hecla Mining by 1.0% during the third quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock valued at $1,659,000 after buying an additional 2,367 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Hecla Mining by 10.7% in the 4th quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 2,457 shares during the period. Finally, KBC Group NV increased its holdings in shares of Hecla Mining by 19.2% during the third quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock worth $121,000 after buying an additional 2,909 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.
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.
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