Hecla Mining (NYSE:HL) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC reduced its stake in Hecla Mining (NYSE:HL) by 31.9% in the 4th quarter, Holdings Channel reports. The firm owned 46,909 shares of the basic materials company’s stock after selling 21,988 shares during the quarter. Larson Financial Group LLC’s holdings in Hecla Mining were worth $226,000 as of its most recent SEC filing.

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

Hecla Mining Stock Performance

Hecla Mining stock opened at $5.23 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.65. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $6.30. The firm’s 50 day moving average price is $4.48 and its two-hundred day moving average price is $4.38.

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

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Tuesday, March 12th were given a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, March 11th. Hecla Mining’s payout ratio is -20.00%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HL shares. National Bank Financial reissued an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. Roth Mkm raised their price objective on shares of 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.68.

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.