Stuart Maurice Absolom Sells 18,926 Shares of Hecla Mining (NYSE:HL) Stock

Hecla Mining (NYSE:HL - Get Free Report) VP Stuart Maurice Absolom sold 18,926 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $6.66, for a total transaction of $126,047.16. Following the transaction, the vice president now owns 59,410 shares in the company, valued at approximately $395,670.60. This represents a 24.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hecla Mining Stock Performance

Hecla Mining stock traded up $0.33 on Thursday, reaching $6.44. 54,742,149 shares of the stock were exchanged, compared to its average volume of 14,679,431. The stock has a market cap of $4.07 billion, a PE ratio of 128.73 and a beta of 1.44. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Hecla Mining has a twelve month low of $4.41 and a twelve month high of $7.68. The firm has a fifty day moving average price of $5.35 and a two-hundred day moving average price of $5.44.

Hecla Mining (NYSE:HL - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $261.34 million for the quarter, compared to analyst estimates of $238.50 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The firm's revenue was up 37.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS. Sell-side analysts anticipate that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Friday, May 23rd. Hecla Mining's dividend payout ratio is 9.09%.

Analyst Ratings Changes

HL has been the topic of several research analyst reports. TD Securities lowered their price target on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Roth Mkm decreased their price objective 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. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a report on Friday, March 21st. Wall Street Zen upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $5.50 price objective (down from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Hecla Mining presently has an average rating of "Hold" and a consensus price target of $7.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Hecla Mining by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company's stock valued at $35,453,000 after buying an additional 502,094 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Hecla Mining during the fourth quarter valued at about $1,640,000. JPMorgan Chase & Co. raised its position in shares of Hecla Mining by 20.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,189,473 shares of the basic materials company's stock valued at $20,570,000 after buying an additional 707,712 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Hecla Mining by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company's stock valued at $301,440,000 after buying an additional 774,000 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Hecla Mining by 202.4% during the fourth quarter. Private Advisor Group LLC now owns 76,151 shares of the basic materials company's stock valued at $374,000 after buying an additional 50,969 shares during the last quarter. Institutional investors and hedge funds 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.

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