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COEUR D’ALENE, Idaho — David C. Sienko, Vice President and General Counsel at Hecla Mining Co. (NYSE:HL), recently sold shares of the company, according to a regulatory filing with the Securities and Exchange Commission. On February 26, Sienko sold 21,826 shares of common stock at an average price of $5.18, totaling approximately $113,058. According to InvestingPro data, the stock currently trades at $5.26, with a market capitalization of $3.28 billion and a notably high P/E ratio of 98.
The filing also disclosed that Sienko acquired 45,501 shares of common stock on February 24, as part of a long-term incentive plan award, without any cash transaction involved. Additionally, he acquired 15,258 shares held in a 401(k) plan, also on February 24. The timing of these transactions is notable given the stock’s high volatility, with a beta of 1.9 indicating significant price movements relative to the market.
Following these transactions, Sienko directly owns 914,571 shares, which includes 812,643 shares held directly and 101,928 unvested restricted stock units. The stock has shown strong momentum with a 48% return over the past year, despite recent volatility. Discover more insights about Hecla Mining’s valuation and performance metrics with a comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Hecla Mining Company reported its fourth-quarter 2024 earnings, revealing a significant miss in its earnings per share (EPS) compared to analysts’ forecasts. The company posted an EPS of $0.02, falling short of the anticipated $0.06. However, Hecla exceeded revenue expectations, achieving $249.66 million against a forecast of $240.77 million. The company also disclosed in an 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, including BMO Capital Markets and J.P. Morgan Securities. Additionally, Hecla Mining has set a 2025 silver production guidance of 15.5 to 17 million ounces, with plans to continue investing in infrastructure at Keno Hill. The company is also evaluating the potential divestment of its Casa Berardi asset. These developments provide investors with updated information on Hecla Mining’s financial performance and strategic activities.
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