Kurt Allen Sells 52,219 Shares of Hecla Mining (NYSE:HL) Stock

Hecla Mining Company (NYSE:HL) VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction dated 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 transaction, the vice president owned 216,641 shares in the company, valued at $4,746,604.31. This represents a 19.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hecla Mining Stock Performance

Shares of HL stock traded up $2.51 during trading hours on Tuesday, reaching $22.24. The company had a trading volume of 29,216,172 shares, compared to its average volume of 23,818,158. Hecla Mining Company has a one year low of $4.46 and a one year high of $22.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.51 and a current ratio of 2.15. The business has a fifty day moving average price of $16.66 and a 200-day moving average price of $11.67. The firm has a market cap of $14.91 billion, a PE ratio of 71.75 and a beta of 1.28.

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

Hecla Mining Dividend Announcement

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

Institutional Investors Weigh In On Hecla Mining

Several institutional investors and hedge funds have recently modified their holdings of HL. Transce3nd LLC purchased a new position in shares of Hecla Mining during the second quarter valued at about $25,000. USA Financial Formulas purchased a new position in Hecla Mining during the 3rd quarter valued at approximately $25,000. UMB Bank n.a. increased its stake in Hecla Mining by 2,390.0% in the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 2,390 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Hecla Mining by 255.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 4,425 shares in the last quarter. Finally, MAI Capital Management bought a new position in shares of Hecla Mining during the 3rd quarter valued at approximately $39,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HL shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. Scotiabank started coverage on 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. CIBC increased their target price on shares of Hecla Mining from $15.00 to $16.50 and gave the stock a “neutral” rating in a report on Tuesday, November 25th. Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Finally, HC Wainwright upped their price target on shares of Hecla Mining from $12.50 to $16.50 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.22.

About Hecla Mining

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.