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

Hecla Mining (NYSE:HL) VP Stuart Maurice Absolom sold 18,926 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $6.66, for a total value of $126,047.16. Following the sale, the vice president now directly owns 59,410 shares of the company’s stock, valued at $395,670.60. This represents a 24.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hecla Mining Stock Down 2.6%

Shares of NYSE:HL opened at $6.28 on Friday. The business’s 50 day simple moving average is $5.36 and its two-hundred day simple moving average is $5.44. The firm has a market cap of $3.97 billion, a P/E ratio of 125.63 and a beta of 1.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. Hecla Mining has a 52-week low of $4.41 and a 52-week high of $7.68.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $261.34 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted ($0.01) EPS. As a group, research analysts forecast that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 23rd will be issued a $0.0038 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.24%. Hecla Mining’s dividend payout ratio is presently 9.09%.

Analyst Ratings Changes

Several equities research analysts recently commented on HL shares. HC Wainwright reaffirmed a “buy” rating and set a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. Wall Street Zen raised Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. TD Securities decreased their target price on Hecla Mining from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Monday, May 5th. BMO Capital Markets reiterated a “market perform” rating and issued a $5.50 price target (down previously from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Finally, National Bank Financial upgraded Hecla Mining to a “hold” rating in a report on Friday, March 21st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Hecla Mining presently has an average rating of “Hold” and an average price target of $7.13.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of Hecla Mining by 30.7% in the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 1,961 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Hecla Mining by 10.9% in the first quarter. Focus Partners Advisor Solutions LLC now owns 21,657 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 2,135 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Hecla Mining by 13.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,883 shares of the basic materials company’s stock valued at $93,000 after purchasing an additional 2,169 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Hecla Mining by 1.3% in the fourth quarter. Arizona State Retirement System now owns 173,616 shares of the basic materials company’s stock valued at $852,000 after purchasing an additional 2,297 shares in the last quarter. Finally, 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. 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.