47,600 Shares in Hecla Mining (NYSE:HL) Acquired by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc purchased a new stake in Hecla Mining (NYSE:HL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 47,600 shares of the basic materials company’s stock, valued at approximately $234,000.

A number of other large investors have also recently bought and sold shares of HL. Wealthfront Advisers LLC acquired a new stake in shares of Hecla Mining in the 4th quarter valued at $18,441,000. Marshall Wace LLP boosted its position in Hecla Mining by 182.4% in the fourth quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company’s stock valued at $24,580,000 after buying an additional 3,233,116 shares in the last quarter. Norges Bank bought a new stake in Hecla Mining during the fourth quarter worth about $7,855,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Hecla Mining during the fourth quarter worth approximately $4,984,000. Finally, Renaissance Technologies LLC raised its stake in shares of Hecla Mining by 30.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,788,100 shares of the basic materials company’s stock valued at $18,600,000 after acquiring an additional 885,900 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Stock Up 4.9 %

Shares of NYSE HL opened at $5.16 on Friday. Hecla Mining has a 1 year low of $4.41 and a 1 year high of $7.68. The firm’s 50-day moving average is $5.51 and its 200-day moving average is $5.57. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $3.26 billion, a PE ratio of 103.22 and a beta of 1.57.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, May 1st. 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 business had revenue of $261.34 million during the quarter, compared to the consensus estimate of $238.50 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. Hecla Mining’s revenue was up 37.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.01) earnings per share. Equities analysts expect that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be paid a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Friday, May 23rd. Hecla Mining’s payout ratio is 9.09%.

Wall Street Analyst Weigh In

HL has been the topic of a number of research analyst reports. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday, February 17th. National Bank Financial raised Hecla Mining to a “hold” rating in a report on Friday, March 21st. BMO Capital Markets reissued a “market perform” rating and set a $5.50 price objective (down previously from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Roth Mkm dropped their target price on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, TD Securities reduced their target price on shares of Hecla Mining from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Monday, May 5th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.20.

Insiders Place Their Bets

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 16,333 shares of the 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 completion of the sale, the chief financial officer now directly owns 297,983 shares in the company, valued at $1,543,551.94. This represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine J. Boggs acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average price of $4.99 per share, for a total transaction of $99,800.00. Following the acquisition, the director now directly owns 348,169 shares in the company, valued at $1,737,363.31. This represents a 6.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 57,915 shares of company stock worth $300,000. Insiders own 0.62% of the company’s stock.

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.