Hecla Mining (NYSE:HL) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC cut its stake in Hecla Mining (NYSE:HLFree Report) by 22.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,898 shares of the basic materials company’s stock after selling 3,537 shares during the period. Ballentine Partners LLC’s holdings in Hecla Mining were worth $58,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HL. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Hecla Mining in the third quarter worth approximately $28,000. GAMMA Investing LLC grew its stake in shares of Hecla Mining by 771.8% in the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after buying an additional 4,438 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Hecla Mining during the 3rd quarter valued at $49,000. GFG Capital LLC acquired a new stake in shares of Hecla Mining in the third quarter worth about $67,000. Finally, FNY Investment Advisers LLC bought a new stake in Hecla Mining during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Trading Up 0.6 %

NYSE:HL opened at $5.50 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of -137.38 and a beta of 1.91. The business’s 50-day moving average price is $5.36 and its two-hundred day moving average price is $5.86. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.68.

Hecla Mining (NYSE:HLGet Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $245.09 million during the quarter, compared to the consensus estimate of $232.03 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The company’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) earnings per share. On average, equities analysts expect that Hecla Mining will post 0.06 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, November 21st. Hecla Mining’s dividend payout ratio (DPR) is currently -125.00%.

Analysts Set New Price Targets

Several analysts recently weighed in on HL shares. 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 lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, TD Securities reduced their price target on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.94.

View Our Latest Report on Hecla Mining

Hecla Mining Company Profile

(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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