Coldstream Capital Management Inc. Sells 31,687 Shares of Hecla Mining Company $HL

Coldstream Capital Management Inc. lessened its holdings in Hecla Mining Company (NYSE:HL) by 68.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,385 shares of the basic materials company’s stock after selling 31,687 shares during the period. Coldstream Capital Management Inc.’s holdings in Hecla Mining were worth $276,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in 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 buying an additional 8,452,401 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Hecla Mining by 32.4% in the third quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock worth $603,566,000 after buying an additional 12,197,740 shares during the last quarter. State Street Corp boosted its stake in shares of Hecla Mining by 14.8% during the 3rd quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock worth $417,278,000 after acquiring an additional 4,453,706 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Hecla Mining by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock valued at $284,651,000 after acquiring an additional 6,472,566 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Hecla Mining by 14.7% during the 2nd quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock valued at $120,509,000 after acquiring an additional 2,574,855 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Stock Up 0.9%

HL opened at $17.74 on Friday. The company has a market capitalization of $11.90 billion, a P/E ratio of 43.27 and a beta of 1.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. The firm’s fifty day moving average price is $18.38 and its two-hundred day moving average price is $19.93. Hecla Mining Company has a fifty-two week low of $5.03 and a fifty-two week high of $34.17.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. During the same quarter in the prior year, the company posted $0.04 EPS. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, analysts anticipate that Hecla Mining Company will post 0.93 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.0038 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is currently 2.44%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HL shares. Zacks Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Roth Mkm set a $13.00 price target on shares of Hecla Mining in a research report on Wednesday, February 18th. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, April 29th. Finally, HC Wainwright decreased their price objective on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Hecla Mining presently has a consensus rating of “Hold” and an average price target of $22.25.

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.