Hecla Mining Company (NYSE:HL) Shares Acquired by Foyston Gordon & Payne Inc

Key Points

• Foyston Gordon & Payne Inc increased its stake in Hecla Mining Company by 131.3% during the first quarter, holding a total of 110,100 shares valued at approximately $612,000.
• The company reported earnings of $0.08 EPS for the last quarter, exceeding analysts' expectations, with revenue reaching $304.03 million, up 23.8% year-over-year.
• Hecla Mining announced a quarterly dividend of $0.0038 per share, reflecting a 0.2% yield, to be paid on September 4th.

Foyston Gordon & Payne Inc lifted its position in shares of Hecla Mining Company (NYSE:HL - Free Report) by 131.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 110,100 shares of the basic materials company's stock after buying an additional 62,500 shares during the period. Foyston Gordon & Payne Inc's holdings in Hecla Mining were worth $612,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HL. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Hecla Mining during the first quarter worth $31,000. PFG Investments LLC purchased a new position in Hecla Mining during the first quarter worth about $56,000. Ground Swell Capital LLC purchased a new position in Hecla Mining during the fourth quarter worth about $57,000. Hohimer Wealth Management LLC acquired a new stake in Hecla Mining in the 1st quarter worth about $58,000. Finally, CTC Alternative Strategies Ltd. purchased a new stake in Hecla Mining in the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Buying and Selling at Hecla Mining

In related news, VP Stuart Maurice Absolom sold 18,926 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $6.66, for a total value of $126,047.16. Following the transaction, the vice president owned 59,410 shares in the company, valued at approximately $395,670.60. The trade was a 24.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by corporate insiders.

Hecla Mining Stock Up 0.1%

NYSE HL opened at $7.67 on Friday. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $7.86. The business has a 50 day moving average price of $6.22 and a two-hundred day moving average price of $5.74. The stock has a market cap of $5.14 billion, a PE ratio of 47.94 and a beta of 1.27.

Hecla Mining (NYSE:HL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. The business had revenue of $304.03 million for the quarter, compared to analysts' expectations of $248.93 million. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The business's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 earnings per share. As a group, sell-side analysts predict that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.0038 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.02 annualized dividend and a dividend yield of 0.2%. Hecla Mining's dividend payout ratio (DPR) is currently 6.25%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HL. CIBC upped their price target on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. National Bankshares set a $7.00 price objective on Hecla Mining in a report on Friday, June 13th. HC Wainwright increased their target price on Hecla Mining from $11.50 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Roth Capital reissued a "neutral" rating on shares of Hecla Mining in a research report on Thursday, August 7th. Finally, Wall Street Zen upgraded Hecla Mining from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Hecla Mining currently has a consensus rating of "Hold" and a consensus price target of $7.36.

Hecla Mining Company 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.

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