International Assets Investment Management LLC Reduces Stake in Hecla Mining (NYSE:HL)

International Assets Investment Management LLC lowered its holdings in Hecla Mining (NYSE:HL) by 64.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 13,020 shares of the basic materials company’s stock after selling 23,671 shares during the quarter. International Assets Investment Management LLC’s holdings in Hecla Mining were worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Cornerstone Wealth Management LLC purchased a new position in shares of Hecla Mining in the 4th quarter valued at approximately $72,000. SG Americas Securities LLC purchased a new position in shares of Hecla Mining in the 4th quarter valued at approximately $76,000. ORG Partners LLC grew its stake in shares of Hecla Mining by 1,172.3% in the 4th quarter. ORG Partners LLC now owns 17,812 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 16,412 shares during the last quarter. Strs Ohio grew its stake in shares of Hecla Mining by 211.9% in the 4th quarter. Strs Ohio now owns 18,400 shares of the basic materials company’s stock valued at $88,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Forum Financial Management LP grew its stake in shares of Hecla Mining by 24.4% in the 4th quarter. Forum Financial Management LP now owns 21,152 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 4,146 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Activity

In other news, CFO Russell Douglas Lawlar sold 11,679 shares of Hecla Mining stock in a transaction on Friday, June 21st. The stock was sold at an average price of $4.91, for a total value of $57,343.89. Following the completion of the sale, the chief financial officer now owns 393,894 shares of the company’s stock, valued at $1,934,019.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Russell Douglas Lawlar sold 11,679 shares of Hecla Mining stock in a transaction on Friday, June 21st. The stock was sold at an average price of $4.91, for a total value of $57,343.89. Following the completion of the sale, the chief financial officer now owns 393,894 shares of the company’s stock, valued at $1,934,019.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Michael L. Clary sold 30,634 shares of Hecla Mining stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total value of $150,412.94. Following the completion of the sale, the chief accounting officer now directly owns 351,972 shares of the company’s stock, valued at approximately $1,728,182.52. The disclosure for this sale can be found here. Insiders sold a total of 67,105 shares of company stock valued at $329,486 over the last quarter. Company insiders own 1.40% of the company’s stock.

Hecla Mining Stock Performance

NYSE HL opened at $4.87 on Friday. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.29. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of -32.43 and a beta of 2.12. The business has a fifty day moving average of $5.34 and a 200-day moving average of $4.70. The company has a quick ratio of 1.00, a current ratio of 1.67 and a debt-to-equity ratio of 0.34.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Hecla Mining had a negative return on equity of 0.28% and a negative net margin of 12.22%. The company had revenue of $189.53 million during the quarter, compared to analysts’ expectations of $190.31 million. As a group, analysts predict that Hecla Mining will post 0.04 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th were given a $0.006 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, May 23rd. Hecla Mining’s dividend payout ratio is currently -20.00%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HL. National Bank Financial reiterated an “outperform market weight” rating on shares of Hecla Mining in a research note on Monday, April 8th. StockNews.com raised Hecla Mining to a “sell” rating in a report on Thursday, May 9th. Cibc World Mkts raised Hecla Mining to a “hold” rating in a report on Wednesday, May 22nd. Roth Mkm raised their price target on Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Cantor Fitzgerald raised Hecla Mining to a “strong-buy” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hecla Mining presently has an average rating of “Moderate Buy” and a consensus price target of $6.89.

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.