Hecla Mining’s (HL, Financial) insiders disclosed their indirect ownership as reported by the precious metal miner headquartered in Coeur d'Alene, Idaho, through its website March 22.
Indirect insider tradings are different from direct ones, but they shouldn’t be neglected as they usually mean either the insider is purchasing shares for one of his family members or on insider information.
What is better than the value that insiders give to a stock when they buy shares of their own company –Â as a benchmark to the company’s value?
Who better than the company’s insiders know how the business is doing and will do in the near future.? When insiders buy shares of their own company in the open market it is an indication that the stock is going to uptrend.
The gold stock is downtrending and has lost 3.44% year to date.
Hecla Mining was trading at $5.06 when the markets opened Monday, down 2 cents or minus 0.39% from the previous trading day. The stock has a price-sales (P/S) ratio of 3.10 and a price-book (P/B) ratio of 1.35. The forward P/E ratio is 24.10, and the EV/EBITDA is 9.8.
Hecla Senior Vice President – Operations Lawrence P. Radford bought 15,196 shares on March 20 for $5.06 per share for a total value of $76,891.76.
Hecla President and CEO Phillips S. Baker Jr. purchased 16,998 shares in a transaction on March 20. The stock was obtained at a price of $5.06 per share for a total of $86,009.88.
Vice President - General Counsel David C. Sienko purchased 1,471 shares on March 20 for $5.06 per share for a total of $7,443.26.
You can find a description of Hecla Mining and figures of the full year of 2016 in my previous article.
Disclosure: I have no position in Hecla Mining.
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