HL February 2024 Options Begin Trading Thursday, December 21, 11:06 AM ET, by Market News Video Staff Investors in Hecla Mining Co (HL) saw new options become available today, for the February ...
Land This Deal Even Lower Than Director Johnson Did
By Market News Video Staff, Thursday, September 7, 1:08 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 22, Hecla Mining Co's Director, George R. Johnson, invested $34,584.80 into 8,500 shares of HL, for a cost per share of $4.07. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Thursday, bargain hunters could buy shares of Hecla Mining Co (NYSE:HL) and achieve a cost basis even cheaper than Johnson, with shares changing hands as low as $4.05 per share. It should be noted that Johnson has collected $0.01/share in dividends since the time of their purchase, so they are currently down 0.2% on their purchase from a total return basis. Hecla Mining Co shares are currently trading down about 1.2% on the day. The chart below shows the one year performance of HL shares, versus its 200 day moving average:
Looking at the chart above, HL's low point in its 52 week range is $3.41 per share, with $7 as the 52 week high point — that compares with a last trade of $4.07. By comparison, below is a table showing the prices at which HL insider buying was recorded over the last six months:
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