Hecla Mining (NYSE:HL) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its holdings in shares of Hecla Mining (NYSE:HL - Free Report) by 63.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 831,189 shares of the basic materials company's stock after selling 1,457,467 shares during the quarter. Two Sigma Investments LP owned 0.13% of Hecla Mining worth $4,081,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HL. Principal Securities Inc. purchased a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $25,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $25,000. Blue Trust Inc. increased its position in shares of Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 1,961 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $44,000. Finally, Haven Private LLC purchased a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $49,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. BMO Capital Markets reissued a "market perform" rating and issued a $5.50 price objective (down from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. TD Securities lowered their target price 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. Wall Street Zen upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Roth Mkm lowered their target price on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, HC Wainwright restated a "buy" rating and issued a $11.50 target price on shares of Hecla Mining in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.13.

Hecla Mining Stock Up 9.8%

Shares of Hecla Mining stock traded up $0.51 during trading hours on Monday, hitting $5.65. The company had a trading volume of 6,209,305 shares, compared to its average volume of 14,286,881. The company's 50-day moving average is $5.32 and its two-hundred day moving average is $5.42. Hecla Mining has a twelve month low of $4.41 and a twelve month high of $7.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The company has a market cap of $3.57 billion, a P/E ratio of 112.72 and a beta of 1.57.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The business had revenue of $261.34 million for the quarter, compared to analyst estimates of $238.50 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The firm's revenue for the quarter was up 37.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) EPS. Analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be paid a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Friday, May 23rd. Hecla Mining's dividend payout ratio is currently 9.09%.

Insider Buying and Selling

In other Hecla Mining news, Director Catherine J. Boggs purchased 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $4.99 per share, for a total transaction of $99,800.00. Following the purchase, the director now directly owns 348,169 shares in the company, valued at approximately $1,737,363.31. This trade represents a 6.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by company insiders.

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.