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Stuart Maurice Absolom, Vice President and Principal Accounting Officer at Hecla Mining Co. (NYSE:HL), recently sold 5,170 shares of the company’s common stock. The shares were sold on February 26, 2025, at a price of $5.18 each, amounting to a total transaction value of $26,780. The stock, currently trading at $5.27, has shown significant volatility with a beta of 1.9, according to InvestingPro data.
This sale was part of a move to cover tax liabilities related to the company’s 2022-2024 Long-term Incentive Plan award, which had been paid in equity. Following the transaction, Absolom holds 58,969 shares, which include 18,901 shares directly owned and 40,068 unvested restricted stock units. Additionally, Absolom acquired 13,198 shares, held in his 401(k) account, under the Hecla Mining Company Capital Accumulation Plan. The company, with a market capitalization of $3.27 billion, has demonstrated strong performance with 29% revenue growth in the last twelve months. InvestingPro analysis reveals 8 additional key insights about Hecla Mining’s financial health and growth prospects.
In other recent news, Hecla Mining Company reported its fourth-quarter 2024 earnings, revealing a miss in its earnings per share (EPS), which was $0.02 compared to the expected $0.06. However, the company exceeded revenue expectations, achieving $249.66 million against a forecast of $240.77 million. Hecla Mining also disclosed that it has sold over 23 million shares and registered an additional 36 million shares for potential sale, according to a recent SEC filing. The company entered into an Equity Distribution Agreement with financial institutions, including BMO Capital Markets and J.P. Morgan Securities, allowing for the sale of up to 60 million shares of common stock.
Despite the EPS shortfall, Hecla’s revenue performance was bolstered by strong silver and gold sales, contributing to record revenues exceeding $900 million for the year. Analysts have noted the company’s focus on infrastructure investments and potential asset divestments. Looking ahead, Hecla Mining plans to continue investing in infrastructure at Keno Hill and is evaluating the potential sale of its Casa Berardi asset. The company aims to reduce its net leverage ratio further, indicating a focus on strengthening its financial position.
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