Berman McAleer LLC Cuts Position in Hecla Mining Company $HL

Berman McAleer LLC trimmed its holdings in shares of Hecla Mining Company (NYSE:HL) by 71.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,034 shares of the basic materials company’s stock after selling 34,987 shares during the period. Berman McAleer LLC’s holdings in Hecla Mining were worth $261,000 at the end of the most recent reporting period.

Several other institutional investors 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 $28,000. Quadrant Capital Group LLC lifted its stake in shares of Hecla Mining by 74.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 631 shares in the last quarter. Sittner & Nelson LLC acquired a new position in shares of Hecla Mining during the fourth quarter worth about $29,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Hecla Mining in the fourth quarter worth about $31,000. Finally, Rothschild Investment LLC boosted its position in shares of Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after buying an additional 781 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Stock Down 5.6%

Shares of NYSE HL opened at $15.08 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. Hecla Mining Company has a 1 year low of $5.47 and a 1 year high of $34.17. The stock’s 50-day simple moving average is $17.50 and its 200-day simple moving average is $20.05. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 36.78 and a beta of 1.25.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. During the same period in the prior year, the company posted $0.04 EPS. The company’s revenue for the quarter was up 57.4% on a year-over-year basis.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.0038 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, May 22nd. Hecla Mining’s dividend payout ratio is 2.44%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. HC Wainwright dropped their target price on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 5th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.79.

Hecla Mining 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.