Hecla Mining (NYSE:HL) Stock Price Down 4.1% – Here’s What Happened

Hecla Mining Company (NYSE:HL) shares dropped 4.1% during mid-day trading on Tuesday . The company traded as low as $22.94 and last traded at $22.96. Approximately 14,103,196 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 28,799,602 shares. The stock had previously closed at $23.94.

Wall Street Analysts Forecast Growth

HL has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. Roth Mkm reaffirmed a “sell” rating and issued a $16.00 target price on shares of Hecla Mining in a report on Tuesday, January 27th. Scotiabank increased their target price on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. HC Wainwright boosted their price target on shares of Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Finally, Zacks Research raised shares of Hecla Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.00.

Hecla Mining Price Performance

The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 74.06 and a beta of 1.25. The company has a current ratio of 2.15, a quick ratio of 1.51 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $21.96 and a 200 day moving average price of $14.93.

Insider Buying and Selling

In other Hecla Mining news, VP David C. Sienko sold 207,553 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the completion of the sale, the vice president owned 906,370 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, VP Kurt Allen sold 52,219 shares of Hecla Mining stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total value of $1,144,118.29. Following the sale, the vice president directly owned 216,641 shares of the company’s stock, valued at approximately $4,746,604.31. This trade represents a 19.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Transce3nd LLC acquired a new stake in Hecla Mining in the second quarter worth $25,000. USA Financial Formulas bought a new stake in shares of Hecla Mining in the 3rd quarter valued at $25,000. Lodestone Wealth Management LLC acquired a new stake in Hecla Mining during the 4th quarter worth $28,000. UMB Bank n.a. lifted its holdings in 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 worth $30,000 after acquiring an additional 2,390 shares in the last quarter. Finally, Rothschild Investment LLC grew its stake in Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 781 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Company Profile

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.