Amundi Sells 621,305 Shares of Hecla Mining (NYSE:HL)

Amundi reduced its holdings in Hecla Mining (NYSE:HL - Free Report) by 28.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,535,634 shares of the basic materials company's stock after selling 621,305 shares during the period. Amundi owned about 0.24% of Hecla Mining worth $8,170,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HL. Sigma Planning Corp increased its holdings in Hecla Mining by 15.4% in the third quarter. Sigma Planning Corp now owns 26,371 shares of the basic materials company's stock worth $176,000 after buying an additional 3,517 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Hecla Mining during the 3rd quarter worth $787,000. KBC Group NV raised its holdings in shares of Hecla Mining by 19.2% during the 3rd quarter. KBC Group NV now owns 18,075 shares of the basic materials company's stock valued at $121,000 after purchasing an additional 2,909 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in Hecla Mining in the third quarter worth $2,373,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Hecla Mining by 83.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 858,091 shares of the basic materials company's stock worth $5,723,000 after buying an additional 391,114 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Stock Performance

Shares of HL stock traded down $0.05 during trading hours on Wednesday, reaching $5.84. 16,717,869 shares of the company's stock were exchanged, compared to its average volume of 19,444,586. Hecla Mining has a fifty-two week low of $4.04 and a fifty-two week high of $7.68. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $3.69 billion, a P/E ratio of 116.72 and a beta of 1.94. The business has a fifty day moving average price of $5.53 and a 200-day moving average price of $5.83.

Remove Ads

Hecla Mining (NYSE:HL - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $249.66 million during 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%. Analysts predict that Hecla Mining will post 0.21 EPS for the current fiscal 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 issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining's payout ratio is presently 20.00%.

Insider Activity

In related news, 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 sale, the chief accounting officer now owns 246,440 shares of the company's stock, valued at $1,276,559.20. This trade represents a 11.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert Krcmarov acquired 6,570 shares of Hecla Mining stock in a transaction on Wednesday, February 19th. The shares were purchased at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the acquisition, the chief executive officer now owns 331,856 shares in the company, valued at approximately $1,755,518.24. This represents a 2.02 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 57,915 shares of company stock worth $300,000. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HL has been the subject of a number of analyst reports. HC Wainwright reaffirmed a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. TD Securities downgraded Hecla Mining from a "buy" rating to a "hold" rating and lowered their price target for the company from $6.50 to $5.50 in a report on Tuesday, March 11th. Finally, Roth Mkm dropped their price target on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $7.75.

Hecla Mining 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.