Hecla mining CFO Russell Lawlar sells $84,604 in stock

Published 26/02/2025, 20:50
Hecla mining CFO Russell Lawlar sells $84,604 in stock

In addition to this sale, Lawlar acquired 50,556 shares on February 24, 2025, as part of the 2022-2024 Long-term Incentive Plan, which was paid entirely in equity. This acquisition did not involve any cash transaction. Following these transactions, Lawlar holds 297,983 shares directly, including 182,531 shares and 115,452 unvested restricted stock units. Additionally, he has an estimated 16,356 shares held in his 401(k) plan under the Hecla Mining Company (NYSE:HL) Capital Accumulation Plan.These transactions reflect Lawlar’s adjustments in his holdings as part of the company’s compensation and tax strategy. According to InvestingPro data, analyst targets for Hecla range from $6.50 to $11.50, with the stock currently trading near its Fair Value. Investors seeking deeper insights can access comprehensive analysis and 8 additional ProTips through the Pro Research Report. According to InvestingPro data, analyst targets for Hecla range from $6.50 to $11.50, with the stock currently trading near its Fair Value. Investors seeking deeper insights can access comprehensive analysis and 8 additional ProTips through the Pro Research Report.

In addition to this sale, Lawlar acquired 50,556 shares on February 24, 2025, as part of the 2022-2024 Long-term Incentive Plan, which was paid entirely in equity. This acquisition did not involve any cash transaction. Following these transactions, Lawlar holds 297,983 shares directly, including 182,531 shares and 115,452 unvested restricted stock units. Additionally, he has an estimated 16,356 shares held in his 401(k) plan under the Hecla Mining Company Capital Accumulation Plan.

These transactions reflect Lawlar’s adjustments in his holdings as part of the company’s compensation and tax strategy.

In other recent news, Hecla Mining Company reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $0.02, which fell short of the analysts’ forecast of $0.06. Despite this miss, the company exceeded revenue expectations, achieving $249.66 million against a forecast of $240.77 million. Hecla Mining also registered over 36 million shares for potential sale, as disclosed in a recent SEC filing. This move follows the company’s sale of over 23 million shares under an existing Equity Distribution Agreement with financial institutions such as BMO Capital Markets and J.P. Morgan Securities.

The company has set a silver production guidance of 15.5 to 17 million ounces for 2025, with a focus on infrastructure investments and potential asset divestments. Hecla Mining’s strategic plans include evaluating the potential sale of its Casa Berardi asset to support deleveraging efforts. Additionally, the company aims to further reduce its net leverage ratio below 1x, indicating a focus on strengthening its financial position.

In terms of analyst activity, there were no recent upgrades or downgrades reported. However, B. Riley Securities and Roth Capital Partners (WA:CPAP) have shown interest in the company’s strategic direction and financial management. The company’s continued focus on organic growth and infrastructure investment reflects its commitment to long-term operational success.

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