Russell Douglas Lawlar Sells 16,333 Shares of Hecla Mining (NYSE:HL) Stock

Hecla Mining (NYSE:HL - Get Free Report) CFO Russell Douglas Lawlar sold 16,333 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $84,604.94. Following the completion of the transaction, the chief financial officer now directly owns 297,983 shares of the company's stock, valued at $1,543,551.94. This represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hecla Mining Stock Performance

Shares of NYSE HL traded up $0.07 during trading hours on Friday, reaching $5.14. 22,063,220 shares of the stock were exchanged, compared to its average volume of 17,922,162. Hecla Mining has a 52 week low of $3.51 and a 52 week high of $7.68. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 102.72 and a beta of 1.91. The stock's fifty day simple moving average is $5.42 and its 200 day simple moving average is $5.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million. Sell-side analysts predict that Hecla Mining will post 0.21 EPS for the current year.

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Hecla Mining Cuts Dividend

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

Analysts Set New Price Targets

HL has been the subject of a number of research analyst reports. TD Securities reduced their price target on Hecla Mining from $7.00 to $6.50 and set a "buy" rating for the company in a report on Friday, February 21st. HC Wainwright restated a "buy" rating and issued a $11.50 price objective on shares of Hecla Mining in a research note on Friday, February 14th. StockNews.com upgraded 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 note 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 on the stock in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hecla Mining has a consensus rating of "Moderate Buy" and an average price target of $8.00.

Hedge Funds Weigh In On Hecla Mining

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in Hecla Mining by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company's stock worth $44,813,000 after acquiring an additional 456,107 shares during the period. FMR LLC increased its stake in shares of Hecla Mining by 51.3% in the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company's stock valued at $36,258,000 after purchasing an additional 1,842,991 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Hecla Mining in the 3rd quarter valued at $1,210,000. Geode Capital Management LLC grew its holdings in shares of Hecla Mining by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company's stock valued at $92,499,000 after purchasing an additional 711,676 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Hecla Mining by 378.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 897,261 shares of the basic materials company's stock valued at $5,985,000 after purchasing an additional 709,576 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

About Hecla Mining

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.