Hecla Mining (NYSE:HL) Director Stephen F. Ralbovsky Sells 11,150 Shares

Hecla Mining (NYSE:HL) Director Stephen F. Ralbovsky sold 11,150 shares of the business’s stock in a transaction dated Thursday, June 10th. The shares were sold at an average price of $8.98, for a total value of $100,127.00. Following the completion of the transaction, the director now directly owns 6,123 shares of the company’s stock, valued at $54,984.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Hecla Mining stock opened at $9.28 on Friday. The company has a 50-day simple moving average of $7.40. The company has a market capitalization of $4.97 billion, a PE ratio of 309.44, a PEG ratio of 48.43 and a beta of 2.24. Hecla Mining has a 52-week low of $2.73 and a 52-week high of $9.44. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.87 and a current ratio of 2.73.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, May 6th. The basic materials company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The business had revenue of $210.90 million during the quarter, compared to the consensus estimate of $208.55 million. Hecla Mining had a return on equity of 4.46% and a net margin of 2.53%. Hecla Mining’s revenue for the quarter was up 54.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. Equities analysts anticipate that Hecla Mining will post 0.19 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 3rd. Investors of record on Thursday, May 20th were paid a $0.011 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Wednesday, May 19th. This is an increase from Hecla Mining’s previous quarterly dividend of $0.01. Hecla Mining’s payout ratio is 125.00%.

Several research analysts have recently weighed in on the company. CIBC upped their price objective on Hecla Mining from $7.50 to $8.95 and gave the stock a “neutral” rating in a research report on Wednesday, May 19th. Cantor Fitzgerald cut Hecla Mining from a “buy” rating to a “hold” rating and set a $5.75 price objective for the company. in a research report on Thursday, February 18th. Zacks Investment Research cut Hecla Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, May 12th. HC Wainwright boosted their price target on Hecla Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Friday, May 7th. Finally, TheStreet raised shares of Hecla Mining from a “c” rating to a “b-” rating in a research note on Monday, May 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Hecla Mining has an average rating of “Hold” and an average target price of $6.89.

A number of hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC raised its stake in Hecla Mining by 5.4% in the first quarter. Advisory Services Network LLC now owns 25,748 shares of the basic materials company’s stock valued at $147,000 after purchasing an additional 1,313 shares in the last quarter. CIBC World Markets Inc. raised its stake in Hecla Mining by 4.6% in the first quarter. CIBC World Markets Inc. now owns 40,062 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 1,780 shares in the last quarter. Schmidt P J Investment Management Inc. raised its stake in Hecla Mining by 16.7% in the first quarter. Schmidt P J Investment Management Inc. now owns 14,000 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 2,000 shares in the last quarter. The PNC Financial Services Group Inc. raised its stake in Hecla Mining by 38.3% in the first quarter. The PNC Financial Services Group Inc. now owns 10,840 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Financial Advocates Investment Management raised its stake in Hecla Mining by 15.7% in the first quarter. Financial Advocates Investment Management now owns 22,158 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 3,005 shares in the last quarter. 58.52% of the stock is owned by institutional investors and hedge funds.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company offers lead, zinc, and bulk concentrates, as well as carbon materials to custom smelters, metal traders, and third-party processors; and unrefined gold and silver bullion bars to precious metals traders.

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Insider Buying and Selling by Quarter for Hecla Mining (NYSE:HL)

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