Sanctuary Advisors LLC Has $146,000 Stake in Hecla Mining (NYSE:HL)

Sanctuary Advisors LLC reduced its holdings in Hecla Mining (NYSE:HL) by 18.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC increased its holdings in Hecla Mining by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company’s stock worth $92,499,000 after purchasing an additional 711,676 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Hecla Mining by 7.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company’s stock worth $44,813,000 after buying an additional 456,107 shares during the period. FMR LLC grew its holdings in shares of Hecla Mining by 51.3% during the third quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock worth $36,258,000 after buying an additional 1,842,991 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Hecla Mining by 43.8% during the third quarter. JPMorgan Chase & Co. now owns 3,481,761 shares of the basic materials company’s stock worth $23,223,000 after purchasing an additional 1,059,929 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Hecla Mining during the third quarter valued at approximately $14,623,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hecla Mining news, VP Kurt Allen sold 9,195 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $47,630.10. Following the sale, the vice president now owns 104,512 shares of the company’s stock, valued at approximately $541,372.16. The trade was a 8.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michael L. Clary sold 32,387 shares of the company’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 $167,764.66. Following the transaction, 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 sold 57,915 shares of company stock worth $300,000 over the last three months. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HL shares. Roth Mkm lowered their price target on Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. HC Wainwright restated a “buy” rating and issued a $11.50 price objective on shares of Hecla Mining in a research note on Friday, February 14th. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. TD Securities decreased their target price on Hecla Mining from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, StockNews.com raised Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Four 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

Hecla Mining Stock Performance

HL opened at $5.51 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. Hecla Mining has a 52-week low of $3.90 and a 52-week high of $7.68. The firm has a market cap of $3.48 billion, a P/E ratio of 110.12 and a beta of 1.91. The business’s fifty day moving average is $5.43 and its 200-day moving average is $5.87.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data 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). The firm had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. Sell-side analysts expect that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The company also recently disclosed 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 of this dividend is Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.27%. Hecla Mining’s dividend payout ratio is currently 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.