Raymond James & Associates Sells 2,894 Shares of Hecla Mining (NYSE:HL)

Raymond James & Associates reduced its position in shares of Hecla Mining (NYSE:HL) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,983 shares of the basic materials company’s stock after selling 2,894 shares during the period. Raymond James & Associates’ holdings in Hecla Mining were worth $519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisor Partners II LLC purchased a new stake in shares of Hecla Mining during the 3rd quarter valued at $52,000. Cornerstone Wealth Management LLC bought a new position in shares of Hecla Mining during the 4th quarter valued at approximately $72,000. Banco Santander S.A. grew its position in shares of Hecla Mining by 15.6% during the 3rd quarter. Banco Santander S.A. now owns 18,687 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 2,525 shares during the period. Keybank National Association OH purchased a new stake in shares of Hecla Mining during the 3rd quarter worth approximately $76,000. Finally, SG Americas Securities LLC purchased a new position in Hecla Mining in the fourth quarter valued at approximately $76,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Stock Performance

Hecla Mining stock opened at $5.11 on Friday. The firm’s 50 day simple moving average is $4.54 and its 200 day simple moving average is $4.39. The company has a current ratio of 1.65, a quick ratio of 1.06 and a debt-to-equity ratio of 0.33. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $6.30. The firm has a market capitalization of $3.15 billion, a PE ratio of -34.07 and a beta of 2.20.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The business had revenue of $160.69 million during the quarter, compared to analysts’ expectations of $151.51 million. During the same quarter last year, the business posted $0.02 EPS. The company’s quarterly revenue was down 17.5% on a year-over-year basis. As a group, analysts expect that Hecla Mining will post 0.02 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, March 11th. Hecla Mining’s payout ratio is -13.33%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HL. National Bank Financial restated an “outperform market weight” rating on shares of Hecla Mining in a research note on Monday, April 8th. Roth Mkm boosted their price objective on Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Finally, StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.68.

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.