Insider Selling: Don Poirier Sells 55,000 Shares of Hecla Mining Company Stock (HL)
Hecla Mining Company (NYSE:HL) VP Don Poirier unloaded 55,000 shares of Hecla Mining Company stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $3.23, for a total value of $177,650.00. Following the sale, the vice president now directly owns 161,025 shares in the company, valued at approximately $520,111. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on HL shares. Analysts at Cowen and Company initiated coverage on shares of Hecla Mining Company in a research note on Friday, June 13th. They set a “market perform” rating and a $2.22 price target on the stock. Analysts at Roth Capital raised their price target on shares of Hecla Mining Company from $3.50 to $3.75 in a research note on Friday, May 30th.
Hecla Mining Company (NYSE:HL) traded up 0.62% on Thursday, hitting $3.24. The stock had a trading volume of 1,584,162 shares. Hecla Mining Company has a 52-week low of $2.63 and a 52-week high of $3.76. The stock has a 50-day moving average of $3.25 and a 200-day moving average of $3.20. The company’s market cap is $1.132 billion. Hecla Mining Company also was the target of a large decrease in short interest in August. As of August 15th, there was short interest totalling 17,871,575 shares, a decrease of 13.9% from the July 31st total of 20,753,165 shares. Based on an average daily volume of 4,898,089 shares, the days-to-cover ratio is presently 3.6 days. Approximately 5.3% of the shares of the company are short sold.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Wednesday, August 27th will be paid a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Monday, August 25th.
Hecla Mining Company is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc.
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