Hecla Mining (NYSE:HL) CFO Russell Douglas Lawlar Sells 16,333 Shares

Hecla Mining (NYSE:HL) CFO Russell Douglas Lawlar sold 16,333 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $84,604.94. Following the completion of the sale, the chief financial officer now directly owns 297,983 shares of the company’s stock, valued at $1,543,551.94. The trade was a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hecla Mining Stock Up 0.3 %

HL stock opened at $5.23 on Thursday. The company’s 50 day simple moving average is $5.42 and its 200-day simple moving average is $5.87. The firm has a market capitalization of $3.30 billion, a PE ratio of 104.52 and a beta of 1.91. Hecla Mining has a 12 month low of $3.41 and a 12 month high of $7.68. 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) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $249.66 million during the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. Equities analysts expect that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors 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 is Monday, March 10th. Hecla Mining’s payout ratio is 20.00%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Roth Mkm dropped their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. National Bank Financial lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. HC Wainwright restated a “buy” rating and set a $11.50 target price on shares of Hecla Mining in a research report on Friday, February 14th. TD Securities lowered their target price on shares of Hecla Mining from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Friday, February 21st. 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 equities 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

Hedge Funds Weigh In On Hecla Mining

Several institutional investors and hedge funds have recently modified their holdings of the company. Forum Financial Management LP lifted its stake in shares of Hecla Mining by 148.8% during the fourth quarter. Forum Financial Management LP now owns 24,940 shares of the basic materials company’s stock valued at $122,000 after buying an additional 14,915 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in Hecla Mining during the fourth quarter worth approximately $404,000. CTC Alternative Strategies Ltd. purchased a new position in Hecla Mining during the fourth quarter worth approximately $59,000. Neo Ivy Capital Management purchased a new position in Hecla Mining during the fourth quarter worth approximately $1,547,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Hecla Mining by 8.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,578,828 shares of the basic materials company’s stock worth $7,752,000 after purchasing an additional 127,756 shares during the period. Hedge funds and other institutional investors 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.