Hecla Mining (NYSE:HL) VP Sells $163,388.88 in Stock

Key Points

• Hecla Mining's VP, Stuart Maurice Absolom, sold 14,472 shares worth approximately $163,388.88, representing a 16.51% decrease in his ownership.
• The company recently announced a $0.0038 per share quarterly dividend, paid to shareholders of record on August 22nd, yielding 0.1% annually.
• Hecla Mining's stock has increased by 5.0%, reaching $11.77 during trading, while its market cap stands at $7.89 billion.

Hecla Mining Company (NYSE:HL - Get Free Report) VP Stuart Maurice Absolom sold 14,472 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $11.29, for a total value of $163,388.88. Following the transaction, the vice president owned 73,200 shares of the company's stock, valued at $826,428. The trade was a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Hecla Mining Stock Up 5.0%

Shares of NYSE:HL traded up $0.56 during trading on Monday, hitting $11.77. 28,793,703 shares of the company's stock traded hands, compared to its average volume of 23,045,944. Hecla Mining Company has a 52 week low of $4.46 and a 52 week high of $11.90. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 59.00 and a beta of 1.29. The company has a 50-day moving average price of $7.36 and a 200-day moving average price of $6.18.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The business had revenue of $304.03 million for the quarter, compared to analysts' expectations of $248.93 million. During the same quarter in the previous year, the business posted $0.02 EPS. Hecla Mining's revenue for the quarter was up 23.8% on a year-over-year basis. As a group, research analysts forecast that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd were paid a $0.0038 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining's payout ratio is presently 6.25%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. National Bankshares set a $7.00 price objective on Hecla Mining in a research note on Friday, June 13th. HC Wainwright upped their price objective on Hecla Mining from $11.50 to $12.50 and gave the company a "buy" rating in a report on Thursday, August 7th. National Bank Financial upgraded Hecla Mining to a "hold" rating in a research report on Thursday, June 12th. BMO Capital Markets upped their price objective on Hecla Mining from $6.00 to $6.50 and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen upgraded Hecla Mining from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hecla Mining presently has a consensus rating of "Hold" and an average target price of $7.36.

Institutional Investors Weigh In On Hecla Mining

Hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in shares of Hecla Mining by 10.7% in the fourth quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company's stock valued at $125,000 after purchasing an additional 2,457 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Hecla Mining by 38.5% in the fourth quarter. Deutsche Bank AG now owns 1,307,305 shares of the basic materials company's stock valued at $6,419,000 after purchasing an additional 363,554 shares in the last quarter. Man Group plc lifted its holdings in shares of Hecla Mining by 349.4% in the fourth quarter. Man Group plc now owns 735,420 shares of the basic materials company's stock valued at $3,611,000 after purchasing an additional 571,761 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Hecla Mining by 138.1% during the fourth quarter. Quantinno Capital Management LP now owns 40,313 shares of the basic materials company's stock worth $198,000 after acquiring an additional 23,381 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in Hecla Mining by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 165,448 shares of the basic materials company's stock worth $812,000 after acquiring an additional 54,436 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.

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.

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