Hecla Mining Company (NYSE:HL) Director Theodore Crumley purchased 10,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were purchased at an average price of $3.49 per share, with a total value of $34,900.00. Following the transaction, the director now directly owns 126,536 shares of the company’s stock, valued at approximately $441,610.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Hecla Mining Company (NYSE HL) traded up $0.11 during mid-day trading on Friday, reaching $3.57. 5,952,869 shares of the company traded hands, compared to its average volume of 4,578,465. The firm has a market capitalization of $1,380.60, a P/E ratio of 49.43, a P/E/G ratio of 69.20 and a beta of 0.20. Hecla Mining Company has a 1-year low of $3.43 and a 1-year high of $6.78. The company has a quick ratio of 2.15, a current ratio of 2.69 and a debt-to-equity ratio of 0.34.
Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $140.80 million during the quarter, compared to the consensus estimate of $151.32 million. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The company’s quarterly revenue was down 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. sell-side analysts expect that Hecla Mining Company will post 0.05 EPS for the current fiscal year.
HL has been the subject of several recent research reports. HC Wainwright restated a “buy” rating and set a $8.50 price target on shares of Hecla Mining in a research report on Friday, November 3rd. Canaccord Genuity upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research report on Tuesday, November 14th. B. Riley upgraded shares of Hecla Mining from a “neutral” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Thursday, November 30th. Cantor Fitzgerald initiated coverage on shares of Hecla Mining in a research report on Monday, December 4th. They set a “buy” rating and a $5.00 price target for the company. Finally, BMO Capital Markets restated a “hold” rating on shares of Hecla Mining in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.75.
A number of hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its holdings in Hecla Mining by 1.1% in the third quarter. Van ECK Associates Corp now owns 38,531,381 shares of the basic materials company’s stock worth $193,428,000 after purchasing an additional 426,023 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Hecla Mining by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 33,535,987 shares of the basic materials company’s stock worth $168,350,000 after purchasing an additional 198,411 shares during the period. Vanguard Group Inc. lifted its holdings in Hecla Mining by 0.9% in the second quarter. Vanguard Group Inc. now owns 32,132,844 shares of the basic materials company’s stock worth $163,877,000 after purchasing an additional 288,819 shares during the period. BT Investment Management Ltd acquired a new stake in Hecla Mining in the second quarter worth about $77,979,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Hecla Mining by 2.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 7,150,000 shares of the basic materials company’s stock worth $35,893,000 after purchasing an additional 175,000 shares during the period. 60.33% of the stock is owned by institutional investors and hedge funds.
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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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