Phillips S. Baker, Jr. Buys 13,000 Shares of Hecla Mining Company (HL) Stock

Hecla Mining Company (NYSE:HL) CEO Phillips S. Baker, Jr. acquired 13,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average price of $3.76 per share, for a total transaction of $48,880.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Hecla Mining Company (NYSE HL) traded up $0.21 on Thursday, hitting $3.80. 5,884,300 shares of the company traded hands, compared to its average volume of 5,574,298. The company has a market capitalization of $1,432.48, a P/E ratio of 51.29, a P/E/G ratio of 71.80 and a beta of 0.20. The company has a quick ratio of 2.15, a current ratio of 2.69 and a debt-to-equity ratio of 0.34. Hecla Mining Company has a 12 month low of $3.43 and a 12 month high of $6.78.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The company had revenue of $140.80 million for the quarter, compared to analysts’ expectations of $151.32 million. During the same quarter last year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was down 21.5% on a year-over-year basis. equities analysts predict that Hecla Mining Company will post 0.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 21st were issued a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.26%. The ex-dividend date was Monday, November 20th. Hecla Mining’s dividend payout ratio is currently 16.67%.

A number of equities research analysts have issued reports on HL shares. HC Wainwright reissued a “buy” rating and set a $8.50 target price on shares of Hecla Mining in a report on Tuesday, August 29th. Canaccord Genuity raised Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Tuesday, November 14th. BMO Capital Markets initiated coverage on Hecla Mining in a research note on Friday, November 17th. They issued a “market perform” rating and a $4.75 target price on the stock. ValuEngine lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada set a $6.00 target price on shares of Hecla Mining and gave the stock a “hold” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $5.75.

A number of hedge funds have recently modified their holdings of HL. Aperio Group LLC boosted its holdings in Hecla Mining by 15.2% in the second quarter. Aperio Group LLC now owns 82,293 shares of the basic materials company’s stock worth $420,000 after purchasing an additional 10,841 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Hecla Mining during the 2nd quarter worth $124,000. Canada Pension Plan Investment Board boosted its stake in shares of Hecla Mining by 56.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 471,100 shares of the basic materials company’s stock worth $2,403,000 after acquiring an additional 169,700 shares during the last quarter. National Planning Corp boosted its stake in shares of Hecla Mining by 79.9% during the 2nd quarter. National Planning Corp now owns 35,334 shares of the basic materials company’s stock worth $173,000 after acquiring an additional 15,691 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Hecla Mining by 2.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 802 shares during the last quarter. Institutional investors own 60.33% of the company’s stock.

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About Hecla Mining

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.

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