Bank of Montreal Can Sells 82,025 Shares of Hecla Mining (NYSE:HL)

Bank of Montreal Can trimmed its holdings in Hecla Mining (NYSE:HL - Free Report) by 86.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,260 shares of the basic materials company's stock after selling 82,025 shares during the period. Bank of Montreal Can's holdings in Hecla Mining were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Ameliora Wealth Management Ltd. bought a new stake in shares of Hecla Mining in the fourth quarter valued at $25,000. GAMMA Investing LLC raised its position in shares of Hecla Mining by 771.8% in the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 4,438 shares during the period. Principal Securities Inc. purchased a new stake in shares of Hecla Mining during the 4th quarter valued at approximately $25,000. Blue Trust Inc. boosted its holdings in Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock worth $41,000 after buying an additional 1,961 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Hecla Mining in the 4th quarter valued at approximately $44,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HL has been the subject of a number of analyst reports. Roth Mkm cut their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a report on Tuesday, February 18th. TD Securities lowered Hecla Mining from a "buy" rating to a "hold" rating and reduced their target price for the company from $6.50 to $5.50 in a report on Tuesday, March 11th. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a report on Friday, March 21st. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $7.75.

Hecla Mining Trading Down 3.2 %

Hecla Mining stock traded down $0.19 during trading hours on Thursday, reaching $5.54. The company had a trading volume of 6,170,155 shares, compared to its average volume of 13,400,944. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. Hecla Mining has a 12-month low of $4.41 and a 12-month high of $7.68. The company has a 50-day moving average price of $5.54 and a 200 day moving average price of $5.67. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 110.72 and a beta of 1.77.

Hecla Mining (NYSE:HL - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The firm had revenue of $249.66 million for the quarter, compared to analysts' expectations of $229.21 million. Equities analysts forecast that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.27%. The ex-dividend date was Monday, March 10th. Hecla Mining's dividend payout ratio (DPR) is currently 20.00%.

Insider Transactions at Hecla Mining

In other news, CAO Michael L. Clary sold 32,387 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $167,764.66. Following the completion of the transaction, the chief accounting officer now owns 246,440 shares of the company's stock, valued at approximately $1,276,559.20. This represents a 11.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Krcmarov purchased 6,570 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the transaction, the chief executive officer now directly owns 331,856 shares of the company's stock, valued at $1,755,518.24. This represents a 2.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 57,915 shares of company stock worth $300,000. 1.40% of the stock is currently owned by insiders.

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.