Hecla Mining (NYSE:HL) Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its holdings in shares of Hecla Mining (NYSE:HL - Free Report) by 53.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,494 shares of the basic materials company's stock after selling 133,484 shares during the quarter. XTX Topco Ltd's holdings in Hecla Mining were worth $567,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MML Investors Services LLC boosted its stake in shares of Hecla Mining by 28.6% during the 3rd quarter. MML Investors Services LLC now owns 13,229 shares of the basic materials company's stock worth $88,000 after purchasing an additional 2,944 shares during the period. Barclays PLC boosted its position in shares of Hecla Mining by 317.4% during the third quarter. Barclays PLC now owns 909,811 shares of the basic materials company's stock valued at $6,069,000 after buying an additional 691,862 shares during the period. Virtu Financial LLC bought a new position in shares of Hecla Mining during the third quarter valued at approximately $371,000. Sanctuary Advisors LLC purchased a new stake in shares of Hecla Mining in the third quarter worth approximately $245,000. Finally, Franklin Resources Inc. lifted its stake in shares of Hecla Mining by 2,757.4% during the 3rd quarter. Franklin Resources Inc. now owns 460,610 shares of the basic materials company's stock worth $3,017,000 after acquiring an additional 444,490 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Wall Street Analyst Weigh In

HL has been the topic of a number of recent analyst reports. National Bank Financial upgraded Hecla Mining to a "hold" rating in a research note on Friday, March 21st. HC Wainwright reiterated a "buy" rating and set a $11.50 price objective on shares of Hecla Mining in a report on Friday, February 14th. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. Roth Mkm lowered their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, TD Securities downgraded 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 report on Tuesday, March 11th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $7.75.

Insider Transactions at Hecla Mining

In other news, CFO Russell Douglas Lawlar sold 16,333 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 transaction of $84,604.94. Following the transaction, the chief financial officer now owns 297,983 shares in the company, valued at $1,543,551.94. This represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Michael L. Clary sold 32,387 shares of Hecla Mining 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 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 disclosure for this sale can be found here. Insiders have sold a total of 57,915 shares of company stock valued at $300,000 in the last 90 days. Insiders own 1.40% of the company's stock.

Hecla Mining Stock Up 3.0 %

HL stock traded up $0.17 during trading on Wednesday, hitting $5.82. 24,206,190 shares of the company's stock traded hands, compared to its average volume of 13,282,475. The firm has a market capitalization of $3.68 billion, a P/E ratio of 116.38 and a beta of 1.77. Hecla Mining has a 1 year low of $4.41 and a 1 year 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 business has a fifty day simple moving average of $5.49 and a two-hundred day simple moving average of $5.69.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly 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). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The company had revenue of $249.66 million during the quarter, compared to the consensus estimate of $229.21 million. Sell-side analysts anticipate that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, March 10th. Hecla Mining's dividend payout ratio is currently 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.