Foyston Gordon & Payne Inc Has $612,000 Position in Hecla Mining Company $HL

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 grew its position in shares of Hecla Mining Company (NYSE:HL - Free Report) by 131.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,100 shares of the basic materials company's stock after purchasing 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 also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Hecla Mining in the first quarter worth $31,000. PFG Investments LLC bought a new stake in Hecla Mining during the first quarter valued at $56,000. Hohimer Wealth Management LLC acquired a new position in shares of Hecla Mining during the first quarter valued at $58,000. Abel Hall LLC acquired a new position in shares of Hecla Mining during the first quarter valued at $64,000. Finally, Ground Swell Capital LLC acquired a new position in shares of Hecla Mining during the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Hecla Mining Stock Performance

Shares of NYSE HL traded up $0.2450 during trading hours on Friday, reaching $7.9350. The stock had a trading volume of 11,836,071 shares, compared to its average volume of 20,987,637. The business's fifty day moving average is $6.34 and its two-hundred day moving average is $5.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.67 and a quick ratio of 1.99. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 49.66 and a beta of 1.27. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $8.04.

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

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 22nd will be paid a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 22nd. Hecla Mining's dividend payout ratio is presently 6.25%.

Insider Activity at Hecla Mining

In related news, VP Stuart Maurice Absolom sold 18,926 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $6.66, for a total value of $126,047.16. Following the completion of the transaction, the vice president directly owned 59,410 shares in the company, valued at approximately $395,670.60. This represents a 24.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HL shares. TD Securities reduced their price objective on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a report on Monday, May 5th. BMO Capital Markets boosted their price objective on Hecla Mining from $6.00 to $6.50 and gave the stock a "market perform" rating in a report on Thursday, August 7th. National Bank Financial upgraded Hecla Mining to a "hold" rating in a report on Thursday, June 12th. Wall Street Zen raised Hecla Mining from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, CIBC boosted their price target on Hecla Mining from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Hecla Mining presently has a consensus rating of "Hold" and a consensus price target of $7.36.

About Hecla Mining

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.