Foyston Gordon & Payne Inc Sells 168,700 Shares of Hecla Mining Company $HL

Foyston Gordon & Payne Inc lessened its stake in shares of Hecla Mining Company (NYSE:HL) by 91.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,200 shares of the basic materials company’s stock after selling 168,700 shares during the quarter. Foyston Gordon & Payne Inc’s holdings in Hecla Mining were worth $184,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Transce3nd LLC acquired a new stake in Hecla Mining in the 2nd quarter worth approximately $25,000. USA Financial Formulas acquired a new position in Hecla Mining during the third quarter valued at approximately $25,000. UMB Bank n.a. raised its position in shares of Hecla Mining by 2,390.0% in the third quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 2,390 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after buying an additional 4,425 shares during the last quarter. Finally, MAI Capital Management bought a new stake in shares of Hecla Mining during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insiders Place Their Bets

In other news, VP David C. Sienko sold 207,553 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the completion of the transaction, the vice president directly owned 906,370 shares of the company’s stock, valued at approximately $17,601,705.40. This trade represents a 18.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kurt Allen sold 52,219 shares of Hecla Mining stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the sale, the vice president owned 216,641 shares in the company, valued at approximately $4,746,604.31. This trade represents a 19.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

HL has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on shares of Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Canaccord Genuity Group set a $26.50 price objective on Hecla Mining in a research note on Friday, January 23rd. Roth Mkm set a $13.00 price objective on Hecla Mining in a research report on Wednesday, February 18th. Wall Street Zen raised Hecla Mining from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.63.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $24.90 on Friday. The firm has a market capitalization of $16.69 billion, a PE ratio of 50.82 and a beta of 1.25. The company has a current ratio of 2.72, a quick ratio of 2.22 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a 1-year low of $4.46 and a 1-year high of $34.17. The business’s 50 day moving average is $23.36 and its 200-day moving average is $16.50.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th will be issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, March 9th. Hecla Mining’s payout ratio is 2.04%.

Hecla Mining Company 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.