Phillips S. Baker, Jr. Acquires 13,000 Shares of Hecla Mining Company (HL) Stock
Hecla Mining Company (NYSE:HL) CEO Phillips S. Baker, Jr. bought 13,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was purchased at an average cost of $3.76 per share, for a total transaction of $48,880.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Hecla Mining Company (NYSE HL) traded up $0.10 during trading hours on Friday, hitting $3.91. 10,091,383 shares of the stock traded hands, compared to its average volume of 4,006,290. The stock has a market capitalization of $1,520.26, a P/E ratio of 54.43, a price-to-earnings-growth ratio of 76.20 and a beta of 0.20. The company has a current ratio of 2.69, a quick ratio of 2.15 and a debt-to-equity ratio of 0.34. Hecla Mining Company has a 1-year low of $3.43 and a 1-year high of $6.78.
Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The firm had revenue of $140.80 million during the quarter, compared to analysts’ expectations of $151.32 million. During the same quarter last year, the business earned $0.07 earnings per share. The business’s revenue for the quarter was down 21.5% compared to the same quarter last year. sell-side analysts forecast that Hecla Mining Company will post 0.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 21st were paid a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Monday, November 20th. Hecla Mining’s dividend payout ratio (DPR) is 16.67%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its stake in shares of Hecla Mining by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 3,143 shares during the period. Trexquant Investment LP acquired a new stake in shares of Hecla Mining in the second quarter valued at about $124,000. Pacad Investment Ltd. lifted its stake in shares of Hecla Mining by 10.4% in the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 2,600 shares during the period. Advisor Group Inc. lifted its stake in shares of Hecla Mining by 148.1% in the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 16,561 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in shares of Hecla Mining by 2.6% in the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 802 shares during the period. Hedge funds and other institutional investors own 60.33% of the company’s stock.
Several analysts have recently weighed in on the stock. B. Riley reaffirmed a “neutral” rating on shares of Hecla Mining in a report on Wednesday, November 1st. ValuEngine raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Cantor Fitzgerald assumed coverage on shares of Hecla Mining in a report on Monday, December 4th. They issued a “buy” rating and a $5.00 target price on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 target price on shares of Hecla Mining in a report on Wednesday, September 20th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $5.25 target price on shares of Hecla Mining in a report on Friday, October 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $5.75.
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About Hecla Mining
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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