Hecla Mining (NYSE:HL) VP Sells $1,144,118.29 in Stock

Hecla Mining Company (NYSE:HL) VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the completion of the transaction, the vice president owned 216,641 shares of the company’s stock, valued at approximately $4,746,604.31. The trade was a 19.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $21.02 on Friday. Hecla Mining Company has a 12 month low of $4.46 and a 12 month high of $22.28. The firm has a market capitalization of $14.08 billion, a P/E ratio of 67.79 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.51. The company’s fifty day moving average price is $17.00 and its 200 day moving average price is $11.81.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Hecla Mining had a return on equity of 7.87% and a net margin of 16.35%.The company had revenue of $409.54 million for the quarter, compared to analyst estimates of $315.60 million. During the same quarter last year, the company posted $0.03 earnings per share. The business’s quarterly revenue was up 67.1% compared to the same quarter last year. As a group, sell-side analysts predict that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were given a dividend of $0.0038 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s payout ratio is 3.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Scotiabank assumed coverage on shares of Hecla Mining in a research note on Thursday, November 13th. They issued a “sector perform” rating and a $15.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hecla Mining in a research note on Monday, December 29th. Roth Capital set a $8.75 price target on Hecla Mining and gave the stock a “sell” rating in a report on Friday, October 3rd. Finally, HC Wainwright upped their price objective on Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a research note on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Hecla Mining has an average rating of “Hold” and an average target price of $10.22.

Institutional Trading of Hecla Mining

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealthfront Advisers LLC lifted its position in Hecla Mining by 7.8% in the third quarter. Wealthfront Advisers LLC now owns 12,720 shares of the basic materials company’s stock valued at $154,000 after purchasing an additional 918 shares during the period. Federated Hermes Inc. raised its stake in shares of Hecla Mining by 29.9% during the 3rd quarter. Federated Hermes Inc. now owns 4,023 shares of the basic materials company’s stock worth $49,000 after buying an additional 926 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Hecla Mining by 9.9% in the third quarter. Nisa Investment Advisors LLC now owns 12,620 shares of the basic materials company’s stock valued at $153,000 after buying an additional 1,134 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Hecla Mining by 28.7% in the third quarter. GAMMA Investing LLC now owns 6,426 shares of the basic materials company’s stock valued at $78,000 after buying an additional 1,434 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Hecla Mining by 7.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,080 shares of the basic materials company’s stock worth $276,000 after acquiring an additional 1,516 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Company Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.