ExodusPoint Capital Management LP Invests $3.72 Million in Hecla Mining (NYSE:HL)

ExodusPoint Capital Management LP bought a new stake in shares of Hecla Mining (NYSE:HL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 757,556 shares of the basic materials company's stock, valued at approximately $3,720,000. ExodusPoint Capital Management LP owned 0.12% of Hecla Mining as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings 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 worth $25,000 after acquiring an additional 4,438 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in shares of Hecla Mining during the 4th quarter valued at about $25,000. Principal Securities Inc. bought a new stake in Hecla Mining in the fourth quarter worth approximately $25,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Hecla Mining in the third quarter worth approximately $28,000. Finally, Blue Trust Inc. increased its stake in shares of Hecla Mining by 30.7% during 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 during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a research report on Friday, March 21st. TD Securities lowered Hecla Mining from a "buy" rating to a "hold" rating and lowered their price objective for the company from $6.50 to $5.50 in a report on Tuesday, March 11th. StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Roth Mkm lowered their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, HC Wainwright restated a "buy" rating and issued a $11.50 price objective on shares of Hecla Mining in a research note on Friday, February 14th. Five 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 company's stock. According to data from MarketBeat, Hecla Mining currently has an average rating of "Moderate Buy" and an average price target of $7.75.

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Insider Activity

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

Hecla Mining Stock Performance

HL traded up $0.30 during midday trading on Friday, reaching $5.77. The company's stock had a trading volume of 25,520,491 shares, compared to its average volume of 12,989,361. 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 company has a fifty day simple moving average of $5.53 and a 200 day simple moving average of $5.73. The stock has a market cap of $3.64 billion, a P/E ratio of 115.32 and a beta of 1.77. Hecla Mining has a twelve month low of $4.41 and a twelve month high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last posted 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 net margin of 3.85% and a return on equity of 3.10%. The business had revenue of $249.66 million during the quarter, compared to the consensus estimate of $229.21 million. Research analysts expect that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.0038 per share. The ex-dividend date was Monday, March 10th. This represents a $0.02 annualized dividend and a dividend yield of 0.26%. Hecla Mining's payout ratio is 20.00%.

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.