Hecla Mining Company $HL Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its holdings in Hecla Mining Company (NYSE:HL) by 70.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 45,000 shares of the basic materials company’s stock after selling 106,110 shares during the quarter. Hsbc Holdings PLC’s holdings in Hecla Mining were worth $866,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HL. Lodestone Wealth Management LLC acquired a new stake in Hecla Mining in the 4th quarter valued at $28,000. Quadrant Capital Group LLC raised its position in Hecla Mining by 74.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 631 shares during the period. Sittner & Nelson LLC acquired a new position in Hecla Mining during the fourth quarter worth $29,000. Rothschild Investment LLC lifted its holdings in Hecla Mining by 93.5% during the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 781 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Hecla Mining during the fourth quarter valued at $31,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Price Performance

HL stock opened at $15.54 on Wednesday. Hecla Mining Company has a 1 year low of $5.62 and a 1 year high of $34.17. 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 has a market capitalization of $10.42 billion, a PE ratio of 37.91 and a beta of 1.29. The business has a 50 day simple moving average of $16.59 and a 200-day simple moving average of $19.73.

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

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.0038 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, May 22nd. Hecla Mining’s payout ratio is currently 2.44%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Weiss Ratings cut shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Scotiabank decreased their price target on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Tuesday. HC Wainwright decreased their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, April 29th. Finally, Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.12.

About Hecla Mining

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.