Hecla Mining (NYSE:HL - Get Free Report) COO Rodriguez Carlos Robert Aguiar sold 5,170 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $5.18, for a total value of $26,780.60. Following the completion of the transaction, the chief operating officer now directly owns 137,178 shares in the company, valued at $710,582.04. This trade represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Hecla Mining Price Performance
Shares of Hecla Mining stock traded up $0.07 on Friday, hitting $5.14. The company had a trading volume of 22,063,220 shares, compared to its average volume of 17,922,162. The business has a 50-day simple moving average of $5.42 and a 200-day simple moving average of $5.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The company has a market cap of $3.24 billion, a PE ratio of 102.72 and a beta of 1.91. Hecla Mining has a 52 week low of $3.51 and a 52 week high of $7.68.
Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $249.66 million during the quarter, compared to the consensus estimate of $229.21 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. Research analysts expect that Hecla Mining will post 0.21 EPS for the current fiscal year.
Hecla Mining Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Monday, March 10th. Hecla Mining's payout ratio is 20.00%.
Analyst Ratings Changes
HL has been the subject of a number of research reports. HC Wainwright reaffirmed a "buy" rating and set a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. National Bank Financial downgraded Hecla Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. TD Securities decreased their target price on shares of Hecla Mining from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Friday, February 21st. Roth Mkm decreased their target price on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Hecla Mining currently has an average rating of "Moderate Buy" and a consensus price target of $8.00.
Get Our Latest Report on HL
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hecla Mining by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company's stock worth $44,813,000 after buying an additional 456,107 shares during the period. FMR LLC boosted its holdings in shares of Hecla Mining by 51.3% in the third quarter. FMR LLC now owns 5,435,909 shares of the basic materials company's stock worth $36,258,000 after buying an additional 1,842,991 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Hecla Mining in the third quarter worth $1,210,000. Geode Capital Management LLC boosted its position in shares of Hecla Mining by 5.4% in the third quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company's stock worth $92,499,000 after buying an additional 711,676 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Hecla Mining by 378.1% in the third quarter. BNP Paribas Financial Markets now owns 897,261 shares of the basic materials company's stock worth $5,985,000 after buying an additional 709,576 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.
About Hecla Mining
(
Get Free Report)
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.
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