Gotham Asset Management LLC Sells 8,265 Shares of Hecla Mining (NYSE:HL)

Gotham Asset Management LLC decreased its holdings in shares of Hecla Mining (NYSE:HL) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,861 shares of the basic materials company’s stock after selling 8,265 shares during the period. Gotham Asset Management LLC’s holdings in Hecla Mining were worth $255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new position in shares of Hecla Mining during the 4th quarter worth approximately $25,000. Principal Securities Inc. purchased a new position in shares of Hecla Mining during the 4th quarter worth approximately $25,000. Blue Trust Inc. grew its holdings in shares of Hecla Mining by 30.7% during the 4th 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. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Hecla Mining during the 4th quarter worth approximately $44,000. Finally, M.E. Allison & CO. Inc. purchased a new position in shares of Hecla Mining during the 4th quarter worth approximately $49,000. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on HL shares. TD Securities reduced their price objective on Hecla Mining from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Monday, May 5th. BMO Capital Markets reaffirmed a “market perform” rating and set a $5.50 price objective (down previously from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. National Bank Financial raised Hecla Mining to a “hold” rating in a research report on Friday, March 21st. HC Wainwright reaffirmed a “buy” rating and set a $11.50 price objective on shares of Hecla Mining in a research report on Friday, February 14th. Finally, Roth Mkm reduced their price objective on Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.20.

Insiders Place Their Bets

In other news, VP Kurt Allen sold 9,195 shares of the firm’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 $47,630.10. Following the transaction, the vice president now directly owns 104,512 shares in the company, valued at $541,372.16. This trade represents a 8.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Catherine J. Boggs purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average price of $4.99 per share, for a total transaction of $99,800.00. Following the completion of the purchase, the director now owns 348,169 shares in the company, valued at approximately $1,737,363.31. The trade was a 6.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 57,915 shares of company stock valued at $300,000. Corporate insiders own 0.62% of the company’s stock.

Hecla Mining Stock Up 3.4%

Hecla Mining stock opened at $5.11 on Wednesday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 102.22 and a beta of 1.57. The stock has a fifty day simple moving average of $5.44 and a two-hundred day simple moving average of $5.47. Hecla Mining has a 12 month low of $4.41 and a 12 month 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 posted its earnings results on Thursday, May 1st. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $261.34 million during the quarter, compared to the consensus estimate of $238.50 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The firm’s revenue for the quarter was up 37.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) EPS. Equities analysts predict that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be issued a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, May 23rd. Hecla Mining’s payout ratio is 9.09%.

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.