Robert Krcmarov Buys 6,570 Shares of Hecla Mining (NYSE:HL) Stock

Hecla Mining (NYSE:HL) CEO Robert Krcmarov acquired 6,570 shares of Hecla Mining stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average cost of $5.29 per share, with a total value of $34,755.30. Following the purchase, the chief executive officer now directly owns 331,856 shares of the company’s stock, valued at $1,755,518.24. This represents a 2.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hecla Mining Stock Down 7.2 %

NYSE:HL opened at $5.23 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Hecla Mining has a twelve month low of $3.40 and a twelve month high of $7.68. The company has a market cap of $3.30 billion, a PE ratio of 104.52 and a beta of 1.91. The company’s 50 day moving average is $5.42 and its two-hundred day moving average is $5.87.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The company had revenue of $249.66 million for the quarter, compared to analysts’ expectations of $229.21 million. Analysts anticipate that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining’s dividend payout ratio is presently 100.02%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HL. TD Securities reduced their price target on Hecla Mining from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Friday. Roth Mkm decreased their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. HC Wainwright reiterated a “buy” rating and set a $11.50 price objective on shares of Hecla Mining in a research note on Friday, February 14th. Finally, National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Hecla Mining has an average rating of “Moderate Buy” and an average price target of $8.00.

Institutional Investors Weigh In On Hecla Mining

A number of institutional investors and hedge funds have recently modified their holdings of HL. GAMMA Investing LLC increased its holdings in Hecla Mining by 771.8% in the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after buying an additional 4,438 shares during the period. Ameliora Wealth Management Ltd. acquired a new stake in shares of Hecla Mining in the fourth quarter worth $25,000. Principal Securities Inc. acquired a new stake in shares of Hecla Mining in the fourth quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Hecla Mining during the third quarter valued at $28,000. Finally, Blue Trust Inc. boosted its holdings in Hecla Mining by 30.7% in the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 1,961 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.