Key Points
- Insider sale: Hecla Mining VP David Sienko sold 207,553 shares on Dec. 17 at an average price of $19.42 for proceeds of $4.03M, trimming his stake by 18.63% to 906,370 shares (worth about $17.6M).
- Quarterly results: The company reported quarterly EPS of $0.12 (vs. $0.11 consensus) and revenue of $409.54M (vs. $315.6M consensus), with revenue up 67.1% year‑over‑year.
- Stock profile & outlook: Shares opened at $19.68 with a market cap of $13.19B and a P/E of 63.47; the firm pays a tiny quarterly dividend ($0.0038, annualized $0.02, 0.1% yield) and carries a consensus analyst rating of "Hold" with a $10.22 target.
Hecla Mining Company (NYSE:HL - Get Free Report) VP David Sienko sold 207,553 shares of the business's stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total value of $4,030,679.26. Following the sale, the vice president owned 906,370 shares in the company, valued at $17,601,705.40. The trade was a 18.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Hecla Mining Stock Performance
Shares of Hecla Mining stock opened at $19.68 on Friday. The company has a 50 day moving average price of $15.11 and a 200 day moving average price of $10.44. The firm has a market capitalization of $13.19 billion, a P/E ratio of 63.47 and a beta of 1.36. The company has a quick ratio of 1.51, a current ratio of 2.15 and a debt-to-equity ratio of 0.11. Hecla Mining Company has a 52 week low of $4.46 and a 52 week high of $20.57.
Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $409.54 million for 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%. Hecla Mining's revenue for the quarter was up 67.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 EPS. Sell-side analysts expect that Hecla Mining Company will post 0.21 EPS for the current 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 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, November 24th. Hecla Mining's payout ratio is presently 3.23%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Scotiabank began coverage on Hecla Mining in a research note on Thursday, November 13th. They issued a "sector perform" rating and a $15.00 price objective for the company. Wall Street Zen upgraded shares of Hecla Mining from a "hold" rating to a "buy" rating in a research note on Sunday, November 2nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Hecla Mining in a report on Monday. CIBC increased their price objective on shares of Hecla Mining from $15.00 to $16.50 and gave the stock a "neutral" rating in a research note on Tuesday, November 25th. Finally, Roth Capital set a $8.75 target price on shares of Hecla Mining and gave the company a "sell" rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $10.22.
Read Our Latest Stock Analysis on Hecla Mining
Institutional Trading of Hecla Mining
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in shares of Hecla Mining in the third quarter worth about $25,000. UMB Bank n.a. increased its stake in shares of 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 valued at $30,000 after purchasing an additional 2,390 shares in the last quarter. MAI Capital Management acquired a new position in Hecla Mining in the 3rd quarter worth about $39,000. Banque Cantonale Vaudoise purchased a new position in Hecla Mining during the third quarter worth approximately $44,000. Finally, Federated Hermes Inc. grew its holdings in Hecla Mining by 29.9% in the third quarter. Federated Hermes Inc. now owns 4,023 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 926 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.
About Hecla Mining
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
