Robert Denis Brown Sells 24,792 Shares of Hecla Mining (NYSE:HL) Stock

Hecla Mining (NYSE:HL) VP Robert Denis Brown sold 24,792 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total value of $121,728.72. Following the completion of the sale, the vice president now directly owns 607,649 shares of the company’s stock, valued at $2,983,556.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hecla Mining Stock Performance

NYSE HL opened at $4.85 on Thursday. The company has a 50-day moving average price of $5.35 and a two-hundred day moving average price of $4.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.67. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $6.29.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $189.53 million during the quarter, compared to analyst estimates of $190.31 million. Hecla Mining had a negative return on equity of 0.28% and a negative net margin of 12.22%. Sell-side analysts expect that Hecla Mining will post 0.04 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th were issued a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Thursday, May 23rd. Hecla Mining’s dividend payout ratio (DPR) is -20.00%.

Institutional Investors Weigh In On Hecla Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. Byrne Asset Management LLC acquired a new stake in Hecla Mining in the first quarter worth approximately $34,000. Empowered Funds LLC raised its stake in shares of Hecla Mining by 27.7% in the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock worth $65,000 after buying an additional 2,916 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of Hecla Mining in the fourth quarter valued at $72,000. Cetera Advisors LLC boosted its stake in Hecla Mining by 48.9% during the first quarter. Cetera Advisors LLC now owns 15,532 shares of the basic materials company’s stock valued at $75,000 after buying an additional 5,104 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Hecla Mining during the fourth quarter worth about $76,000. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Roth Mkm lifted their target price on Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. CIBC boosted their target price on shares of Hecla Mining from $6.75 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Cibc World Mkts upgraded shares of Hecla Mining to a “hold” rating in a research report on Wednesday, May 22nd. StockNews.com raised shares of Hecla Mining to a “sell” rating in a research report on Thursday, May 9th. Finally, National Bank Financial reissued an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Hecla Mining presently has an average rating of “Moderate Buy” and a consensus price target of $6.97.

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.