Counterpoint Mutual Funds LLC Invests $320,000 in Hecla Mining (NYSE:HL)

Counterpoint Mutual Funds LLC bought a new stake in Hecla Mining (NYSE:HL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 65,274 shares of the basic materials company's stock, valued at approximately $320,000.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Hecla Mining by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company's stock valued at $92,499,000 after buying an additional 711,676 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Hecla Mining by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company's stock valued at $35,453,000 after acquiring an additional 502,094 shares during the period. FMR LLC raised its stake in shares of Hecla Mining by 51.3% during the third quarter. FMR LLC now owns 5,435,909 shares of the basic materials company's stock valued at $36,258,000 after acquiring an additional 1,842,991 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Hecla Mining during the fourth quarter worth $18,441,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Hecla Mining by 43.8% in the third quarter. JPMorgan Chase & Co. now owns 3,481,761 shares of the basic materials company's stock worth $23,223,000 after purchasing an additional 1,059,929 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. StockNews.com raised Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Roth Mkm cut their price objective on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. HC Wainwright reiterated a "buy" rating and issued a $11.50 target price on shares of Hecla Mining in a report on Friday, February 14th. Finally, TD Securities lowered shares of Hecla Mining from a "buy" rating to a "hold" rating and lowered their price target for the stock from $6.50 to $5.50 in a report on Tuesday, March 11th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $7.75.

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Hecla Mining Trading Down 1.6 %

NYSE HL traded down $0.10 during trading hours on Friday, hitting $5.76. 22,041,210 shares of the company's stock were exchanged, compared to its average volume of 11,922,330. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 115.12 and a beta of 1.94. The stock has a 50-day simple moving average of $5.55 and a 200 day simple moving average of $5.83. 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 has a 1-year low of $4.22 and a 1-year high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The company had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. On average, equities analysts forecast that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.0038 per share. The ex-dividend date is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a yield of 0.26%. Hecla Mining's dividend payout ratio (DPR) is presently 20.00%.

Insiders Place Their Bets

In other Hecla Mining news, VP Kurt Allen sold 9,195 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $47,630.10. Following the completion of the sale, the vice president now directly owns 104,512 shares of the company's stock, valued at approximately $541,372.16. The trade was a 8.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Michael L. Clary sold 32,387 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $167,764.66. Following the completion of the transaction, the chief accounting officer now owns 246,440 shares in the company, valued at $1,276,559.20. This represents a 11.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,915 shares of company stock worth $300,000. Insiders own 1.40% of the company's stock.

About Hecla Mining

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.