Hecla Mining (NYSE:HL) Holdings Raised by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in Hecla Mining (NYSE:HL - Free Report) by 924.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 611,778 shares of the basic materials company's stock after purchasing an additional 552,076 shares during the quarter. Quantbot Technologies LP owned approximately 0.10% of Hecla Mining worth $3,004,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of HL. Semanteon Capital Management LP acquired a new stake in shares of Hecla Mining during the 4th quarter valued at approximately $236,000. Blueshift Asset Management LLC bought a new stake in Hecla Mining during the fourth quarter valued at $184,000. Teacher Retirement System of Texas raised its holdings in shares of Hecla Mining by 2.1% during the fourth quarter. Teacher Retirement System of Texas now owns 1,225,593 shares of the basic materials company's stock worth $6,018,000 after purchasing an additional 24,828 shares during the period. Xponance Inc. raised its holdings in shares of Hecla Mining by 9.9% during the fourth quarter. Xponance Inc. now owns 42,567 shares of the basic materials company's stock worth $209,000 after purchasing an additional 3,845 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Hecla Mining by 85.1% in the 4th quarter. Intech Investment Management LLC now owns 335,662 shares of the basic materials company's stock worth $1,648,000 after buying an additional 154,307 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HL. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. HC Wainwright restated a "buy" rating and set a $11.50 price objective on shares of Hecla Mining in a research report on Friday, February 14th. TD Securities lowered Hecla Mining from a "buy" rating to a "hold" rating and dropped their target price for the stock from $6.50 to $5.50 in a research report on Tuesday, March 11th. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a report on Friday, March 21st. Finally, Roth Mkm dropped their price objective 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. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $7.75.

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Insiders Place Their Bets

In other Hecla Mining news, VP Kurt Allen sold 9,195 shares of the company'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 $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. This represents a 8.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell Douglas Lawlar sold 16,333 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $84,604.94. Following the transaction, the chief financial officer now owns 297,983 shares of the company's stock, valued at approximately $1,543,551.94. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,915 shares of company stock worth $300,000 over the last ninety days. Company insiders own 1.40% of the company's stock.

Hecla Mining Stock Performance

HL stock traded up $0.14 during trading on Thursday, reaching $5.90. 13,678,638 shares of the company's stock were exchanged, compared to its average volume of 12,083,254. Hecla Mining has a 1-year low of $4.24 and a 1-year high of $7.68. The firm has a market cap of $3.72 billion, a PE ratio of 117.92 and a beta of 1.94. The company's fifty day moving average price is $5.59 and its 200-day moving average price is $5.84. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25.

Hecla Mining (NYSE:HL - Get Free Report) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $229.21 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. On average, research analysts expect that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.0038 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.25%. 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.