Wealthfront Advisers LLC Acquires New Position in Hecla Mining (NYSE:HL)

Wealthfront Advisers LLC acquired a new stake in Hecla Mining (NYSE:HL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,755,864 shares of the basic materials company's stock, valued at approximately $18,441,000. Wealthfront Advisers LLC owned approximately 0.60% of Hecla Mining at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HL. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 4,438 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new position in Hecla Mining during the 4th quarter valued at about $25,000. Principal Securities Inc. bought a new stake in shares of Hecla Mining in the 4th quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hecla Mining in the third quarter worth about $28,000. Finally, Blue Trust Inc. raised its holdings 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 acquiring an additional 1,961 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Activity

In related news, CFO Russell Douglas Lawlar sold 16,333 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 transaction of $84,604.94. Following the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert Krcmarov acquired 6,570 shares of Hecla Mining stock in a transaction on Wednesday, February 19th. The shares were bought at an average cost of $5.29 per share, with a total value of $34,755.30. Following the completion of the transaction, the chief executive officer now owns 331,856 shares of the company's stock, valued at approximately $1,755,518.24. This trade represents a 2.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 57,915 shares of company stock worth $300,000 over the last 90 days. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HL shares. Roth Mkm cut their price target on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, February 18th. StockNews.com raised shares of Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. 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 downgraded shares of Hecla Mining from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $6.50 to $5.50 in a research report on Tuesday. Five research 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $7.75.

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Hecla Mining Stock Performance

HL opened at $5.45 on Wednesday. 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 company has a market cap of $3.44 billion, a price-to-earnings ratio of 108.92 and a beta of 1.94. The firm's fifty day simple moving average is $5.47 and its two-hundred day simple moving average is $5.84. Hecla Mining has a 52-week low of $4.04 and a 52-week high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last released 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). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The company had revenue of $249.66 million during the quarter, compared to analyst estimates of $229.21 million. Equities analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given 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 dividend yield of 0.28%. Hecla Mining's dividend payout ratio (DPR) is 20.00%.

Hecla Mining Company 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.

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