Sanctuary Advisors LLC Sells 6,898 Shares of Hecla Mining (NYSE:HL)

Sanctuary Advisors LLC decreased its stake in shares of Hecla Mining (NYSE:HL) by 18.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 29,773 shares of the basic materials company’s stock after selling 6,898 shares during the quarter. Sanctuary Advisors LLC’s holdings in Hecla Mining were worth $146,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HL. GAMMA Investing LLC increased its stake 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 valued at $25,000 after acquiring an additional 4,438 shares during the period. Ameliora Wealth Management Ltd. acquired a new stake in shares of Hecla Mining during the 4th quarter worth approximately $25,000. Principal Securities Inc. bought a new stake in shares of Hecla Mining during the fourth quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hecla Mining in the third quarter valued at $28,000. Finally, Blue Trust Inc. lifted its position in Hecla Mining by 30.7% in the fourth 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 period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. HC Wainwright reissued a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. TD Securities dropped their price target on shares of Hecla Mining from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Friday, February 21st. Roth Mkm decreased their price objective 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, National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hecla Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

Hecla Mining Price Performance

Shares of Hecla Mining stock opened at $5.51 on Thursday. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 110.12 and a beta of 1.91. The firm’s 50-day moving average price is $5.43 and its two-hundred day moving average price is $5.87. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Hecla Mining has a 1-year low of $3.90 and a 1-year high of $7.68.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million. On average, equities analysts predict that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.0038 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.27%. Hecla Mining’s dividend payout ratio (DPR) is presently 20.00%.

Insider Activity at Hecla Mining

In other Hecla Mining news, CEO Robert Krcmarov bought 6,570 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the transaction, the chief executive officer now owns 331,856 shares of the company’s stock, valued at approximately $1,755,518.24. The trade was a 2.02 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Russell Douglas Lawlar sold 16,333 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $84,604.94. Following the transaction, the chief financial officer now owns 297,983 shares in the company, 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 valued at $300,000 over the last ninety days. 1.40% of the stock is owned by insiders.

Hecla Mining 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.