Key Points
- Insider sale: Hecla Mining VP Kurt Allen sold 52,219 shares on Jan. 6 at an average of $21.91 for about $1.144 million, reducing his position by 19.42% to 216,641 shares (valued ~ $4.75M).
- Quarterly results: Hecla reported $0.12 EPS (beating estimates by $0.01) and revenue of $409.5M, a 67.1% year‑over‑year increase.
- Stock snapshot: Shares opened near a 52‑week high (~$22.24), the company has a $14.91B market cap and a high trailing P/E of 71.75, while the dividend yield is negligible at 0.1%.
Hecla Mining Company (NYSE:HL - Get Free Report) VP Kurt Allen sold 52,219 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the completion of the transaction, the vice president directly owned 216,641 shares in the company, valued at $4,746,604.31. The trade was a 19.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Hecla Mining Stock Performance
Hecla Mining stock opened at $22.24 on Wednesday. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week 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 stock has a market cap of $14.91 billion, a P/E ratio of 71.75 and a beta of 1.28. The firm's fifty day moving average price is $16.66 and its 200-day moving average price is $11.67.
Hecla Mining (NYSE:HL - Get Free Report) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The company had revenue of $409.54 million during the quarter, compared to analyst estimates of $315.60 million. During the same period in the previous year, the business earned $0.03 earnings per share. The firm's quarterly revenue was up 67.1% compared to the same quarter last year. On average, equities research analysts expect that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.
Hecla Mining Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were given a dividend of $0.0038 per share. The ex-dividend date was Monday, November 24th. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining's dividend payout ratio is 3.23%.
Institutional Trading of Hecla Mining
Institutional investors have recently modified their holdings of the company. Transce3nd LLC purchased a new position in Hecla Mining during the 2nd quarter valued at about $25,000. USA Financial Formulas bought a new stake in shares of Hecla Mining in the 3rd quarter worth approximately $25,000. UMB Bank n.a. increased its stake in shares of Hecla Mining by 2,390.0% during the third quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company's stock valued at $30,000 after buying an additional 2,390 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Hecla Mining by 255.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 4,425 shares in the last quarter. Finally, MAI Capital Management purchased a new stake in Hecla Mining in the third quarter worth $39,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on HL shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Hecla Mining in a research note on Monday, December 29th. CIBC boosted their price objective 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. HC Wainwright upped their price objective on shares of Hecla Mining from $12.50 to $16.50 and gave the company a "buy" rating in a research note on Thursday, November 6th. Wall Street Zen upgraded shares of Hecla Mining from a "hold" rating to a "buy" rating in a research report on Sunday, November 2nd. Finally, Scotiabank started coverage on shares of Hecla Mining in a research note on Thursday, November 13th. They issued a "sector perform" rating and a $15.00 price target for the company. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Hecla Mining presently has a consensus rating of "Hold" and an average target price of $10.22.
Check Out Our Latest Research Report on HL
Hecla Mining Company Profile
(
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.
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