Hecla Mining Company (NYSE:HL) Director George R. Nethercutt, Jr. sold 62,500 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $5.24, for a total value of $327,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Hecla Mining Company (NYSE:HL) opened at 5.05 on Wednesday. The company has a 50-day moving average price of $5.19 and a 200-day moving average price of $5.33. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 41.06 and a beta of 0.32. Hecla Mining Company has a 12 month low of $4.61 and a 12 month high of $7.64.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). Hecla Mining had a return on equity of 2.56% and a net margin of 7.88%. The firm had revenue of $134.30 million for the quarter, compared to analyst estimates of $130.54 million. During the same period last year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was down 21.6% compared to the same quarter last year. Analysts forecast that Hecla Mining Company will post $0.06 earnings per share for the current fiscal year.

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A number of brokerages recently issued reports on HL. HC Wainwright reissued a “buy” rating and issued a $8.00 target price on shares of Hecla Mining in a research report on Sunday, June 25th. BMO Capital Markets reissued a “hold” rating and issued a $6.00 target price on shares of Hecla Mining in a research report on Wednesday, September 20th. ValuEngine lowered Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Canaccord Genuity reissued a “hold” rating and issued a $5.25 target price on shares of Hecla Mining in a research report on Friday, October 6th. Finally, TheStreet lowered Hecla Mining from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $6.52.

Several institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. raised its stake in shares of Hecla Mining by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 1,643 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Hecla Mining by 2.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 97,242 shares of the basic materials company’s stock worth $496,000 after purchasing an additional 2,784 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Hecla Mining by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 299,458 shares of the basic materials company’s stock worth $1,528,000 after purchasing an additional 6,899 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Hecla Mining in the second quarter worth approximately $377,000. Finally, Balyasny Asset Management LLC raised its stake in shares of Hecla Mining by 395.8% in the second quarter. Balyasny Asset Management LLC now owns 112,500 shares of the basic materials company’s stock worth $574,000 after purchasing an additional 89,810 shares during the last quarter. 59.35% of the stock is owned by hedge funds and other institutional investors.

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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