Hecla Mining (NYSE:HL) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC lessened its position in Hecla Mining (NYSE:HL - Free Report) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,904,847 shares of the basic materials company's stock after selling 263,401 shares during the quarter. Voloridge Investment Management LLC owned 0.62% of Hecla Mining worth $19,173,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HL. Ameliora Wealth Management Ltd. purchased a new position in Hecla Mining in the 4th quarter worth about $25,000. Principal Securities Inc. bought a new stake in shares of Hecla Mining during the fourth quarter valued at approximately $25,000. Blue Trust Inc. boosted its holdings in shares of Hecla Mining by 30.7% in the fourth 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 period. Kohmann Bosshard Financial Services LLC bought a new position in Hecla Mining in the fourth quarter worth approximately $44,000. Finally, Haven Private LLC bought a new position in Hecla Mining in the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Hecla Mining Stock Up 2.5%

Shares of NYSE:HL traded up $0.13 during trading on Tuesday, reaching $5.23. The stock had a trading volume of 14,664,985 shares, compared to its average volume of 20,434,859. The company has a market capitalization of $3.31 billion, a P/E ratio of 104.52 and a beta of 1.57. Hecla Mining has a one year low of $4.41 and a one year high of $7.68. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The firm's 50-day simple moving average is $5.37 and its 200 day simple moving average is $5.43.

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 the consensus estimate of $0.05 by ($0.01). The business had revenue of $261.34 million during 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%. Hecla Mining's revenue was up 37.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) EPS. As a group, research analysts expect that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Friday, May 23rd. Hecla Mining's dividend payout ratio (DPR) is presently 9.09%.

Analysts Set New Price Targets

HL has been the topic of a number of recent research reports. National Bank Financial raised Hecla Mining to a "hold" rating in a research report on Friday, March 21st. Roth Mkm dropped their target price on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, February 18th. BMO Capital Markets restated a "market perform" rating and issued a $5.50 price target (down previously from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. TD Securities lowered their price target on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Finally, Wall Street Zen raised shares of Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $7.13.

Insider Activity at Hecla Mining

In other Hecla Mining news, CAO Michael L. Clary sold 32,387 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $167,764.66. Following the sale, the chief accounting officer now directly owns 246,440 shares of the company's stock, valued at approximately $1,276,559.20. This trade represents a 11.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Catherine J. Boggs acquired 20,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was purchased at an average cost of $4.99 per share, with a total value of $99,800.00. Following the acquisition, the director now directly owns 348,169 shares of the company's stock, valued at $1,737,363.31. This represents a 6.09% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 57,915 shares of company stock valued at $300,000 in the last ninety days. Company insiders own 0.62% of the company's stock.

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.