Robert Denis Brown Sells 24,650 Shares of Hecla Mining (NYSE:HL) Stock

Hecla Mining (NYSE:HL) VP Robert Denis Brown sold 24,650 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $5.18, for a total value of $127,687.00. Following the sale, the vice president now directly owns 424,110 shares of the company’s stock, valued at $2,196,889.80. This represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Hecla Mining Stock Performance

HL stock opened at $5.09 on Friday. Hecla Mining has a 1-year low of $3.41 and a 1-year high of $7.68. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.21 billion, a PE ratio of 101.72 and a beta of 1.91. The business’s 50-day moving average price is $5.42 and its two-hundred day moving average price is $5.87.

Hecla Mining (NYSE:HL) last released 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). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The business had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million. As a group, research analysts forecast that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

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

Wall Street Analyst Weigh In

HL has been the subject of several analyst reports. TD Securities lowered their price target 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. HC Wainwright reaffirmed a “buy” rating and set a $11.50 target price on shares of Hecla Mining in a report on Friday, February 14th. StockNews.com raised Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. National Bank Financial lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Roth Mkm dropped their price objective on Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a report on Tuesday, February 18th. Four investment 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $8.00.

Institutional Investors Weigh In On Hecla Mining

Several large investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Hecla Mining in the 3rd quarter worth $28,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Hecla Mining in the 4th quarter valued at about $25,000. GAMMA Investing LLC lifted its holdings in shares of Hecla Mining by 771.8% in the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 4,438 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Hecla Mining during the fourth quarter worth about $25,000. Finally, Blue Trust Inc. grew its holdings in shares of Hecla Mining by 30.7% during the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after buying an additional 1,961 shares in the last quarter. 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.