Hecla Mining Company $HL Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lowered its position in shares of Hecla Mining Company (NYSE:HL) by 68.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,385 shares of the basic materials company’s stock after selling 31,687 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Hecla Mining were worth $276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HL. Lodestone Wealth Management LLC acquired a new stake in Hecla Mining in the 4th quarter valued at about $28,000. Tucker Asset Management LLC acquired a new position in Hecla Mining in the fourth quarter worth approximately $38,000. UMB Bank n.a. increased its holdings 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 buying an additional 2,390 shares in the last quarter. Stone House Investment Management LLC lifted its position in shares of Hecla Mining by 449.0% during the 4th quarter. Stone House Investment Management LLC now owns 2,811 shares of the basic materials company’s stock valued at $54,000 after acquiring an additional 2,299 shares during the last quarter. Finally, Bogart Wealth LLC grew its holdings in shares of Hecla Mining by 382.8% in the 4th quarter. Bogart Wealth LLC now owns 3,191 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 2,530 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $17.74 on Friday. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of 43.27 and a beta of 1.26. Hecla Mining Company has a 1 year low of $5.03 and a 1 year high of $34.17. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $18.38 and a 200 day simple moving average of $19.93.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The firm had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. During the same period in the previous year, the company earned $0.04 earnings per share. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, sell-side analysts predict that Hecla Mining Company will post 0.93 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 22nd will be issued a $0.0038 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HL shares. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, April 29th. Zacks Research downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Roth Mkm set a $13.00 price objective on shares of Hecla Mining in a research note on Wednesday, February 18th. HC Wainwright lowered their price objective on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.25.

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.