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In a recent transaction, Robert Krcmarov, the President and CEO of Hecla Mining Co. (NYSE:HL), purchased 6,570 shares of the company’s common stock. The shares were acquired at a price of $5.2892 each, amounting to a total transaction value of approximately $34,750. The purchase price was slightly below the current market price of $5.30, with the stock showing strong momentum, having delivered a 58% return over the past year according to InvestingPro data. Following this purchase, Krcmarov holds a total of 331,856 shares, which includes 6,570 shares held directly and 325,016 unvested restricted stock units. This transaction was filed with the SEC on February 21, 2025, and reflects Krcmarov’s continued investment in the company. With a market capitalization of $3.3 billion and analysts projecting profitable growth, InvestingPro analysis shows the company appears undervalued based on its Fair Value calculation. For deeper insights into insider trading patterns and comprehensive valuation metrics, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, Hecla Mining Company reported its fourth-quarter 2024 earnings, revealing a miss in earnings per share (EPS) forecasts, posting an EPS of $0.02 against the expected $0.06. However, the company exceeded revenue expectations, bringing in $249.66 million compared to the forecasted $240.77 million. Hecla Mining achieved record revenues exceeding $900 million for the year, driven by strong silver and gold sales. The company’s strategy included reinvesting in organic growth and eliminating the Silver Lake dividend, contributing to a reduction in the net leverage ratio from 2.7 to 1.6 times.
Additionally, Hecla Mining disclosed in a recent SEC filing that it has sold over 23 million shares and registered an additional 36 million for potential sale. This move is part of an Equity Distribution Agreement with financial institutions like BMO Capital Markets and J.P. Morgan Securities. The registration of additional shares suggests Hecla Mining may continue to access capital markets through this method.
Furthermore, Hecla Mining has set a 2025 silver production guidance of 15.5 to 17 million ounces, indicating plans to invest in infrastructure at Keno Hill and evaluate the potential divestment of its Casa Berardi asset. The company aims to further reduce its net leverage ratio below 1x, focusing on strengthening its financial position. These developments reflect Hecla Mining’s ongoing efforts to optimize its financial and operational strategies.
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