Creekmur Asset Management LLC Sells 20,847 Shares of Hecla Mining (NYSE:HL)

Creekmur Asset Management LLC lowered its holdings in shares of Hecla Mining (NYSE:HL) by 62.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,689 shares of the basic materials company’s stock after selling 20,847 shares during the period. Creekmur Asset Management LLC’s holdings in Hecla Mining were worth $61,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in Hecla Mining by 6.8% during the 1st quarter. Van ECK Associates Corp now owns 60,513,592 shares of the basic materials company’s stock valued at $291,070,000 after purchasing an additional 3,827,580 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Hecla Mining by 2.6% during the first quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock valued at $285,811,000 after buying an additional 1,506,573 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Hecla Mining by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 34,919,446 shares of the basic materials company’s stock valued at $167,967,000 after buying an additional 168,185 shares during the last quarter. Jupiter Asset Management Ltd. boosted its holdings in Hecla Mining by 19.0% during the first quarter. Jupiter Asset Management Ltd. now owns 7,310,422 shares of the basic materials company’s stock worth $35,163,000 after purchasing an additional 1,165,256 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Hecla Mining by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,902,891 shares of the basic materials company’s stock worth $28,393,000 after buying an additional 62,702 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HL. Roth Mkm boosted their price target on shares of Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. StockNews.com raised shares of Hecla Mining to a “sell” rating in a report on Thursday, May 9th. CIBC raised their target price on shares of Hecla Mining from $6.75 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. National Bank Financial reiterated an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. Finally, HC Wainwright reissued a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Hecla Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.89.

Insiders Place Their Bets

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 11,679 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $4.91, for a total value of $57,343.89. Following the completion of the transaction, the chief financial officer now owns 393,894 shares of the company’s stock, valued at approximately $1,934,019.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Russell Douglas Lawlar sold 11,679 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $4.91, for a total value of $57,343.89. Following the transaction, the chief financial officer now owns 393,894 shares of the company’s stock, valued at $1,934,019.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Michael L. Clary sold 30,634 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total transaction of $150,412.94. Following the transaction, the chief accounting officer now directly owns 351,972 shares of the company’s stock, valued at approximately $1,728,182.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,105 shares of company stock valued at $329,486. Insiders own 1.40% of the company’s stock.

Hecla Mining Stock Down 5.4 %

Shares of HL traded down $0.31 on Thursday, reaching $5.47. The stock had a trading volume of 3,053,826 shares, compared to its average volume of 8,125,812. The company has a current ratio of 1.67, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $6.35. The company has a 50-day simple moving average of $5.50 and a 200-day simple moving average of $4.85.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. Hecla Mining had a negative return on equity of 0.28% and a negative net margin of 12.22%. The company had revenue of $189.53 million for the quarter, compared to the consensus estimate of $190.31 million. Analysts forecast that Hecla Mining will post 0.05 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Friday, May 24th were paid a dividend of $0.006 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $0.02 dividend on an annualized basis and a yield of 0.44%. Hecla Mining’s dividend payout ratio is currently -20.00%.

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.