Rhumbline Advisers Sells 13,154 Shares of Hecla Mining (NYSE:HL)

Rhumbline Advisers decreased its stake in shares of Hecla Mining (NYSE:HL) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 934,727 shares of the basic materials company’s stock after selling 13,154 shares during the quarter. Rhumbline Advisers owned about 0.15% of Hecla Mining worth $5,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of HL. Principal Securities Inc. bought a new position in shares of Hecla Mining in the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC bought a new position in Hecla Mining in the 4th quarter valued at about $44,000. Haven Private LLC bought a new position in Hecla Mining in the 4th quarter valued at about $49,000. Ground Swell Capital LLC acquired a new position in Hecla Mining during the 4th quarter valued at about $57,000. Finally, Schnieders Capital Management LLC bought a new stake in Hecla Mining during the 4th quarter worth approximately $59,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Down 1.6%

HL stock opened at $5.97 on Friday. The stock has a market cap of $3.78 billion, a P/E ratio of 119.42 and a beta of 1.44. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $5.44 and its two-hundred day simple moving average is $5.46. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share 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 company had revenue of $261.34 million during the quarter, compared to analysts’ expectations of $238.50 million. During the same period last year, the firm posted ($0.01) earnings per share. Hecla Mining’s quarterly revenue was up 37.9% compared to the same quarter last year. Analysts expect that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 23rd were given a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Friday, May 23rd. Hecla Mining’s dividend payout ratio is currently 9.09%.

Insider Transactions at Hecla Mining

In other Hecla Mining news, Director Catherine J. Boggs bought 20,000 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 348,169 shares of the company’s stock, valued at $1,737,363.31. This trade represents a 6.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Stuart Maurice Absolom sold 18,926 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $6.66, for a total transaction of $126,047.16. Following the completion of the sale, the vice president now directly owns 59,410 shares in the company, valued at approximately $395,670.60. This trade represents a 24.16% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. BMO Capital Markets restated a “market perform” rating and issued a $5.50 target price (down previously from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. TD Securities dropped their price objective on Hecla Mining from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Monday, May 5th. Roth Mkm reduced their target price on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Wall Street Zen upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Finally, HC Wainwright restated a “buy” rating and set a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.13.

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.