Hecla Mining Company (HL) Director Theodore Crumley Buys 10,000 Shares
Hecla Mining Company (NYSE:HL) Director Theodore Crumley bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were bought at an average price of $3.49 per share, for a total transaction of $34,900.00. Following the acquisition, the director now directly owns 126,536 shares of the company’s stock, valued at approximately $441,610.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Hecla Mining Company (NYSE:HL) traded down $0.08 during trading hours on Thursday, reaching $3.46. The company’s stock had a trading volume of 4,296,478 shares, compared to its average volume of 5,585,986. The company has a quick ratio of 2.15, a current ratio of 2.69 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1,380.00, a price-to-earnings ratio of 51.43, a price-to-earnings-growth ratio of 72.00 and a beta of 0.21. Hecla Mining Company has a 12-month low of $3.43 and a 12-month high of $6.78.
Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $140.80 million for the quarter, compared to analyst estimates of $151.32 million. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The business’s revenue for the quarter was down 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share. equities research analysts forecast that Hecla Mining Company will post 0.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st were paid a $0.0025 dividend. The ex-dividend date was Monday, November 20th. This represents a $0.01 annualized dividend and a yield of 0.29%. Hecla Mining’s dividend payout ratio is 16.67%.
Large investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC grew its position in shares of Hecla Mining by 4.6% in the first quarter. Teachers Advisors LLC now owns 669,768 shares of the basic materials company’s stock valued at $3,543,000 after purchasing an additional 29,344 shares during the last quarter. Aperio Group LLC grew its position in shares of Hecla Mining by 15.2% in the second quarter. Aperio Group LLC now owns 82,293 shares of the basic materials company’s stock valued at $420,000 after purchasing an additional 10,841 shares during the last quarter. Global X Management Co. LLC grew its position in shares of Hecla Mining by 4.1% in the second quarter. Global X Management Co. LLC now owns 3,304,891 shares of the basic materials company’s stock valued at $16,855,000 after purchasing an additional 129,199 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Hecla Mining in the second quarter valued at approximately $124,000. Finally, Canada Pension Plan Investment Board grew its position in shares of Hecla Mining by 56.3% in the second quarter. Canada Pension Plan Investment Board now owns 471,100 shares of the basic materials company’s stock valued at $2,403,000 after purchasing an additional 169,700 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.
Several analysts recently issued reports on the company. Canaccord Genuity reiterated a “hold” rating and set a $5.00 target price on shares of Hecla Mining in a report on Thursday, September 7th. ValuEngine upgraded Hecla Mining from a “sell” rating to a “hold” rating in a report on Friday, September 1st. HC Wainwright reiterated a “buy” rating and set a $8.50 target price on shares of Hecla Mining in a report on Tuesday, August 29th. Zacks Investment Research upgraded Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $6.00 target price on shares of Hecla Mining in a report on Wednesday, September 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $5.75.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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