Haven Private LLC Invests $49,000 in Hecla Mining (NYSE:HL)

Haven Private LLC bought a new position in Hecla Mining (NYSE:HL) during the fourth quarter, Holdings Channel reports. The firm bought 10,000 shares of the basic materials company’s stock, valued at approximately $49,000.

Other large investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Hecla Mining during the 3rd quarter valued at $28,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Hecla Mining in the fourth quarter valued at about $25,000. GAMMA Investing LLC lifted its position in shares of Hecla Mining by 771.8% during the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 4,438 shares in the last quarter. Principal Securities Inc. purchased a new position in Hecla Mining during the fourth quarter worth about $25,000. Finally, Blue Trust Inc. grew its position in Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,961 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on HL. TD Securities dropped their target price on shares of Hecla Mining from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Friday, February 21st. HC Wainwright reiterated a “buy” rating and set a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Roth Mkm reduced their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Four 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

Insider Activity

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 16,333 shares of Hecla Mining stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $84,604.94. Following the completion of the transaction, the chief financial officer now owns 297,983 shares of the company’s stock, valued at $1,543,551.94. The trade was a 5.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kurt Allen sold 9,195 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $47,630.10. Following the transaction, the vice president now owns 104,512 shares of the company’s stock, valued at $541,372.16. This trade represents a 8.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,915 shares of company stock valued at $300,000 over the last quarter. Company insiders own 1.40% of the company’s stock.

Hecla Mining Stock Performance

NYSE:HL opened at $5.45 on Friday. The company has a market capitalization of $3.44 billion, a P/E ratio of 108.92 and a beta of 1.94. The business has a fifty day simple moving average of $5.44 and a two-hundred day simple moving average of $5.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. Hecla Mining has a 1 year low of $4.04 and a 1 year high of $7.68.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The firm had revenue of $249.66 million during the quarter, compared to analysts’ expectations of $229.21 million. On average, analysts expect that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.0038 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.02 annualized dividend and a dividend yield of 0.28%. Hecla Mining’s payout ratio is 20.00%.

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.