Hecla Mining (NYSE:HL) VP Sells $127,687.00 in Stock

Hecla Mining (NYSE:HL - Get Free Report) VP Robert Denis Brown sold 24,650 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $5.18, for a total value of $127,687.00. Following the transaction, the vice president now owns 424,110 shares in the company, valued at $2,196,889.80. This represents a 5.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Hecla Mining Stock Up 1.3 %

Shares of Hecla Mining stock traded up $0.07 during trading hours 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 company has a market cap of $3.24 billion, a P/E ratio of 102.72 and a beta of 1.91. Hecla Mining has a twelve month low of $3.51 and a twelve month high of $7.68. The company's 50-day moving average is $5.42 and its two-hundred day moving average is $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.

Hecla Mining (NYSE:HL - Get Free Report) last announced its 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 net margin of 3.85% and a return on equity of 3.10%. The business had revenue of $249.66 million during the quarter, compared to analysts' expectations of $229.21 million. Analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

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Hecla Mining Cuts Dividend

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

Institutional Investors Weigh In On Hecla Mining

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of Hecla Mining by 771.8% during the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company's stock worth $25,000 after purchasing an additional 4,438 shares during the last quarter. Ameliora Wealth Management Ltd. purchased a new position in Hecla Mining during the fourth quarter worth about $25,000. Principal Securities Inc. purchased a new position in Hecla Mining in the fourth quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Hecla Mining in the third quarter worth $28,000. Finally, Blue Trust Inc. increased its position in shares of Hecla Mining by 30.7% in the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock valued at $41,000 after buying an additional 1,961 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Analysts Set New Price Targets

HL has been the subject of a number of research reports. Roth Mkm dropped their target price on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a report on Tuesday, February 18th. TD Securities dropped their price objective on shares of Hecla Mining from $7.00 to $6.50 and set a "buy" rating for the company in a report on Friday, February 21st. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. HC Wainwright reiterated a "buy" rating and set a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. Finally, National Bank Financial cut Hecla Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Hecla Mining has a consensus rating of "Moderate Buy" and a consensus price target of $8.00.

Hecla Mining Company Profile

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.