Hecla Mining (NYSE:HL) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. lessened its position in Hecla Mining (NYSE:HL) by 60.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,000 shares of the basic materials company’s stock after selling 76,500 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Hecla Mining were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HL. Blue Trust Inc. increased its position in Hecla Mining by 30.7% during the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,961 shares during the last quarter. Hollencrest Capital Management increased its position in Hecla Mining by 1.0% during the third quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock worth $1,659,000 after purchasing an additional 2,367 shares during the last quarter. KBC Group NV grew its stake in Hecla Mining by 19.2% during the third quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock worth $121,000 after buying an additional 2,909 shares during the period. MML Investors Services LLC grew its stake in Hecla Mining by 28.6% during the third quarter. MML Investors Services LLC now owns 13,229 shares of the basic materials company’s stock worth $88,000 after buying an additional 2,944 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Hecla Mining by 21.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock worth $111,000 after buying an additional 2,982 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. HC Wainwright restated a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. TD Securities decreased their target price on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Roth Mkm decreased their target price on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.38.

Hecla Mining Trading Up 4.9 %

NYSE HL opened at $5.65 on Friday. Hecla Mining has a 12 month low of $3.40 and a 12 month high of $7.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 112.92 and a beta of 1.91. The company’s fifty day moving average price is $5.42 and its two-hundred day moving average price is $5.86.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The company had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million. As a group, research analysts predict that Hecla Mining will post 0.2 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.0038 per share. The ex-dividend date is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.27%. Hecla Mining’s dividend payout ratio (DPR) is 100.02%.

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.