Connor Clark & Lunn Investment Management Ltd. Purchases 125,026 Shares of Hecla Mining (NYSE:HL)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Hecla Mining (NYSE:HL - Free Report) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 983,117 shares of the basic materials company's stock after acquiring an additional 125,026 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of Hecla Mining worth $4,827,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HL. GAMMA Investing LLC increased its holdings in Hecla Mining by 771.8% in 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 during the period. Ameliora Wealth Management Ltd. acquired a new position in shares of Hecla Mining in the fourth quarter worth approximately $25,000. Principal Securities Inc. acquired a new stake in Hecla Mining during the 4th quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hecla Mining in the 3rd quarter valued at $28,000. Finally, Blue Trust Inc. increased its position in shares of Hecla Mining by 30.7% during the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock worth $41,000 after buying an additional 1,961 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Stock Up 0.4 %

Shares of HL traded up $0.03 during trading hours on Thursday, reaching $5.86. The stock had a trading volume of 15,430,069 shares, compared to its average volume of 19,426,936. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 117.12 and a beta of 1.94. The firm has a 50-day simple moving average of $5.54 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 12 month low of $4.22 and a 12 month high of $7.68.

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Hecla Mining (NYSE:HL - Get Free Report) last posted its earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business 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%. Equities research analysts predict that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The business also recently disclosed 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. This represents a $0.02 annualized dividend and a yield of 0.26%. The ex-dividend date is Monday, March 10th. Hecla Mining's dividend payout ratio (DPR) is presently 20.00%.

Insiders Place Their Bets

In related news, CFO Russell Douglas Lawlar sold 16,333 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $84,604.94. Following the transaction, the chief financial officer now directly owns 297,983 shares of the company's stock, valued at approximately $1,543,551.94. The trade was a 5.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kurt Allen sold 9,195 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $47,630.10. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 57,915 shares of company stock valued at $300,000 in the last three months. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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