Insider Buying: Hecla Mining Company (HL) Director Purchases $34,900.00 in Stock
Hecla Mining Company (NYSE:HL) Director Theodore Crumley purchased 10,000 shares of the stock in a transaction on Thursday, December 7th. The stock was acquired at an average cost of $3.49 per share, for a total transaction of $34,900.00. Following the completion of the acquisition, the director now owns 126,536 shares of the company’s stock, valued at approximately $441,610.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Hecla Mining Company (NYSE HL) traded up $0.11 during mid-day trading on Friday, hitting $3.57. 5,952,869 shares of the stock traded hands, compared to its average volume of 4,578,465. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.15 and a current ratio of 2.69. Hecla Mining Company has a twelve month low of $3.43 and a twelve month high of $6.78. The stock has a market cap of $1,424.50, a price-to-earnings ratio of 51.00, a P/E/G ratio of 71.40 and a beta of 0.20.
Hecla Mining (NYSE:HL) last posted its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $140.80 million for the quarter, compared to analyst estimates of $151.32 million. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue for the quarter was down 21.5% on a year-over-year basis. research analysts expect that Hecla Mining Company will post 0.05 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of Hecla Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 38,531,381 shares of the basic materials company’s stock worth $193,428,000 after acquiring an additional 426,023 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Hecla Mining by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 33,535,987 shares of the basic materials company’s stock worth $168,350,000 after acquiring an additional 198,411 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Hecla Mining by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 32,132,844 shares of the basic materials company’s stock worth $163,877,000 after acquiring an additional 288,819 shares in the last quarter. BT Investment Management Ltd purchased a new stake in shares of Hecla Mining during the 2nd quarter worth about $77,979,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Hecla Mining by 2.5% during the 3rd 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 acquiring an additional 175,000 shares in the last quarter. 60.33% of the stock is currently owned by institutional investors and hedge funds.
HL has been the topic of several recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $8.50 price target on shares of Hecla Mining in a report on Tuesday, August 29th. Canaccord Genuity raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Tuesday, November 14th. BMO Capital Markets initiated coverage on shares of Hecla Mining in a report on Friday, November 17th. They issued a “market perform” rating and a $4.75 price target on the stock. ValuEngine lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Royal Bank Of Canada set a $6.00 price target on shares of Hecla Mining and gave the company a “hold” rating in a report on Wednesday, October 18th. Two equities research 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 a consensus rating of “Hold” and a consensus 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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