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

Hecla Mining (NYSE:HL) VP Kurt Allen sold 9,195 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 104,512 shares of the company’s stock, valued at approximately $541,372.16. This represents a 8.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Hecla Mining Stock Performance

Shares of NYSE:HL opened at $5.14 on Friday. The stock has a market capitalization of $3.24 billion, a P/E ratio of 102.72 and a beta of 1.91. Hecla Mining has a 1-year low of $3.51 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 business has a 50-day moving average price of $5.42 and a two-hundred day moving average price of $5.87.

Hecla Mining (NYSE:HL) last announced 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). The firm had revenue of $249.66 million for 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%. Equities analysts predict that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The firm 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 $0.0038 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. Hecla Mining’s dividend payout ratio is presently 20.00%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Hecla Mining

A number of large investors have recently bought and sold shares of the company. Total Wealth Planning & Management Inc. acquired a new position in Hecla Mining during the 4th quarter worth approximately $144,000. Forum Financial Management LP boosted its holdings in shares of Hecla Mining by 148.8% in the 4th 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 last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $404,000. CTC Alternative Strategies Ltd. acquired a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $59,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $1,547,000. Institutional investors and hedge funds 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.