Hecla Mining (NYSE:HL) Stock Position Lessened by Citigroup Inc.

Citigroup Inc. lessened its stake in Hecla Mining (NYSE:HLFree Report) by 96.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,086 shares of the basic materials company’s stock after selling 534,787 shares during the period. Citigroup Inc.’s holdings in Hecla Mining were worth $79,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in shares of Hecla Mining in the 3rd quarter worth approximately $31,000. Captrust Financial Advisors lifted its position in shares of Hecla Mining by 104.3% during the 2nd quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 4,932 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Hecla Mining in the 2nd quarter worth $40,000. Nomura Holdings Inc. acquired a new stake in shares of Hecla Mining during the second quarter worth $45,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Hecla Mining during the first quarter valued at $48,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.45.

Read Our Latest Stock Report on HL

Hecla Mining Stock Performance

HL stock opened at $4.81 on Monday. The stock has a market cap of $3.01 billion, a P/E ratio of -32.06 and a beta of 2.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.65. The firm has a 50 day simple moving average of $3.93 and a 200 day simple moving average of $4.20. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $7.00.

Hecla Mining (NYSE:HLGet Free Report) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. The company had revenue of $160.69 million for the quarter, compared to analysts’ expectations of $151.51 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. The company’s revenue was down 17.5% on a year-over-year basis. Research analysts anticipate that Hecla Mining will post 0.01 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.006 per share. The ex-dividend date was Monday, March 11th. This represents a $0.02 annualized dividend and a dividend yield of 0.50%. Hecla Mining’s dividend payout ratio is -20.00%.

About Hecla Mining

(Free Report)

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.

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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