Fulcrum Asset Management LLP Sells 63,602 Shares of Hecla Mining Company $HL

Fulcrum Asset Management LLP decreased its stake in Hecla Mining Company (NYSE:HL) by 55.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 50,675 shares of the basic materials company’s stock after selling 63,602 shares during the period. Fulcrum Asset Management LLP’s holdings in Hecla Mining were worth $869,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Hecla Mining during the second quarter worth about $1,085,779,000. Van ECK Associates Corp boosted its holdings in Hecla Mining by 15.3% in the second quarter. Van ECK Associates Corp now owns 38,174,114 shares of the basic materials company’s stock valued at $589,027,000 after acquiring an additional 5,053,624 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Hecla Mining by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 4,689,144 shares of the basic materials company’s stock valued at $87,359,000 after acquiring an additional 112,962 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Hecla Mining in the first quarter valued at approximately $72,659,000. Finally, Principal Financial Group Inc. increased its position in Hecla Mining by 43.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,085,290 shares of the basic materials company’s stock valued at $38,849,000 after purchasing an additional 632,831 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HL shares. Weiss Ratings upgraded shares of Hecla Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada reduced their price objective on shares of Hecla Mining from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 16th. Jefferies Financial Group assumed coverage on shares of Hecla Mining in a research report on Thursday, August 20th. They set a “hold” rating and a $22.00 price objective for the company. Finally, Scotiabank decreased their price objective on shares of Hecla Mining from $21.00 to $20.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.22.

Hecla Mining Trading Down 5.4%

Shares of Hecla Mining stock opened at $13.35 on Friday. The business has a 50-day moving average price of $16.58 and a two-hundred day moving average price of $18.10. Hecla Mining Company has a 1-year low of $12.80 and a 1-year high of $34.17. The company has a market cap of $8.97 billion, a P/E ratio of 23.84 and a beta of 1.44.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. Hecla Mining had a return on equity of 20.94% and a net margin of 24.11%. The company had revenue of $394.82 million for the quarter, compared to the consensus estimate of $340.10 million. During the same period in the previous year, the business earned $0.15 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. Equities research analysts forecast that Hecla Mining Company will post 0.46 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Monday, November 23rd will be paid a dividend of $0.0037 per share. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $0.01 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is currently 1.79%.

About Hecla Mining

Hecla Mining Company is a precious-metals mining company founded in 1891 and headquartered in Coeur d’Alene, Idaho. It explores for, develops and operates mines producing silver and gold, with lead and zinc recovered as byproducts at some operations. Hecla’s mining operations are located in the United States and Canada, including the Greens Creek mine in Alaska, the Lucky Friday mine in Idaho, the Keno Hill silver district in Yukon and the Casa Berardi gold mine in Quebec.