Foyston Gordon & Payne Inc Sells 168,700 Shares of Hecla Mining Company $HL

Foyston Gordon & Payne Inc decreased its stake in Hecla Mining Company (NYSE:HL) by 91.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,200 shares of the basic materials company’s stock after selling 168,700 shares during the quarter. Foyston Gordon & Payne Inc’s holdings in Hecla Mining were worth $184,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HL. Vanguard Group Inc. lifted its holdings in shares of Hecla Mining by 13.4% during the third quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock valued at $863,324,000 after acquiring an additional 8,452,401 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hecla Mining by 40.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock worth $102,144,000 after purchasing an additional 4,928,130 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Hecla Mining by 7,588.1% during the 3rd quarter. Principal Financial Group Inc. now owns 3,189,473 shares of the basic materials company’s stock valued at $38,593,000 after purchasing an additional 3,147,987 shares during the last quarter. Public Sector Pension Investment Board acquired a new position in Hecla Mining in the third quarter valued at about $31,208,000. Finally, Tidal Investments LLC grew its stake in Hecla Mining by 14.7% during the second quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock worth $120,509,000 after buying an additional 2,574,855 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Trading Up 1.5%

HL stock opened at $24.90 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $34.17. The company has a market cap of $16.69 billion, a P/E ratio of 50.82 and a beta of 1.25. The business has a fifty day moving average of $23.36 and a 200-day moving average of $16.50.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th will be given a dividend of $0.0038 per share. The ex-dividend date is Monday, March 9th. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio is presently 2.04%.

Insider Activity

In other news, VP Kurt Allen sold 52,219 shares of Hecla Mining stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the completion of the sale, the vice president owned 216,641 shares in the company, valued at $4,746,604.31. The trade was a 19.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David C. Sienko sold 207,553 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the sale, the vice president directly owned 906,370 shares of the company’s stock, valued at approximately $17,601,705.40. This trade represents a 18.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HL. Canadian Imperial Bank of Commerce lifted their target price on shares of Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Roth Mkm set a $13.00 price objective on Hecla Mining in a research report on Wednesday, February 18th. HC Wainwright boosted their price objective on Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Wall Street Zen upgraded Hecla Mining from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Finally, Scotiabank lifted their price target on Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Hecla Mining has a consensus rating of “Hold” and a consensus price target of $21.63.

Hecla Mining Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.