Hecla Mining (NYSE:HL) Position Trimmed by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Hecla Mining (NYSE:HL) by 26.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 119,676 shares of the basic materials company’s stock after selling 42,728 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Hecla Mining were worth $588,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Blue Trust Inc. raised its stake in Hecla Mining by 30.7% during the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 1,961 shares during the period. Hollencrest Capital Management raised its position in shares of Hecla Mining by 1.0% during the 3rd quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock worth $1,659,000 after purchasing an additional 2,367 shares during the period. KBC Group NV raised its position in shares of Hecla Mining by 19.2% during the 3rd quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 2,909 shares during the period. MML Investors Services LLC lifted its holdings in shares of Hecla Mining by 28.6% in the 3rd quarter. MML Investors Services LLC now owns 13,229 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 2,944 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Hecla Mining by 21.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 2,982 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Stock Up 1.3 %

HL stock opened at $5.14 on Friday. The firm’s 50-day moving average is $5.42 and its two-hundred day moving average is $5.87. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 102.72 and a beta of 1.91. Hecla Mining has a 52 week low of $3.51 and a 52 week high of $7.68. 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 earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. On average, analysts forecast that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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

About Hecla Mining

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.