Hecla Mining (NYSE:HL) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lowered its stake in shares of Hecla Mining (NYSE:HL) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,616 shares of the basic materials company’s stock after selling 10,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Hecla Mining were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Creative Planning grew its position in shares of Hecla Mining by 10.0% in the 3rd quarter. Creative Planning now owns 114,721 shares of the basic materials company’s stock worth $765,000 after acquiring an additional 10,404 shares in the last quarter. Ballentine Partners LLC lifted its stake in Hecla Mining by 37.6% during the third quarter. Ballentine Partners LLC now owns 15,435 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 4,215 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Hecla Mining by 21.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 2,982 shares during the period. Integrated Advisors Network LLC bought a new stake in Hecla Mining during the third quarter valued at $871,000. Finally, Financial Advocates Investment Management raised its holdings in shares of Hecla Mining by 8.7% during the third quarter. Financial Advocates Investment Management now owns 37,919 shares of the basic materials company’s stock worth $253,000 after purchasing an additional 3,037 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling at Hecla Mining

In other news, CAO Michael L. Clary sold 32,387 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $167,764.66. Following the completion of the sale, the chief accounting officer now owns 246,440 shares in the company, valued at $1,276,559.20. This represents a 11.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert Krcmarov bought 6,570 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average cost of $5.29 per share, with a total value of $34,755.30. Following the purchase, the chief executive officer now directly owns 331,856 shares of the company’s stock, valued at approximately $1,755,518.24. This represents a 2.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 57,915 shares of company stock valued at $300,000. Company insiders own 1.40% of the company’s stock.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $5.23 on Thursday. Hecla Mining has a 12-month low of $3.41 and a 12-month high of $7.68. The company has a market cap of $3.30 billion, a PE ratio of 104.52 and a beta of 1.91. The stock has a 50 day simple moving average of $5.42 and a 200-day simple moving average of $5.87. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. On average, equities research analysts forecast that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.0038 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a yield of 0.29%. Hecla Mining’s dividend payout ratio is presently 20.00%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. TD Securities decreased their price target on shares of Hecla Mining from $7.00 to $6.50 and set a “buy” rating for the company in a report on Friday, February 21st. National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday, February 17th. HC Wainwright reissued a “buy” rating and issued a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. Finally, Roth Mkm lowered their price objective on Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.00.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.