Two Sigma Securities LLC Reduces Position in Hecla Mining (NYSE:HL)

Two Sigma Securities LLC cut its stake in shares of Hecla Mining (NYSE:HL - Free Report) by 90.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,324 shares of the basic materials company's stock after selling 111,894 shares during the period. Two Sigma Securities LLC's holdings in Hecla Mining were worth $61,000 as of its most recent SEC filing.

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

Insider Activity

In other Hecla Mining news, Director Catherine J. Boggs bought 20,000 shares of Hecla Mining stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $4.99 per share, for a total transaction of $99,800.00. Following the completion of the acquisition, the director now owns 348,169 shares in the company, valued at approximately $1,737,363.31. The trade was a 6.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert Krcmarov bought 6,570 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was purchased at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the acquisition, the chief executive officer now owns 331,856 shares in the company, valued at approximately $1,755,518.24. This trade represents a 2.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 57,915 shares of company stock worth $300,000 over the last three months. Insiders own 0.62% of the company's stock.

Hecla Mining Stock Up 1.8 %

HL stock traded up $0.09 during mid-day trading on Thursday, hitting $4.97. 6,513,451 shares of the company were exchanged, compared to its average volume of 13,879,915. The firm's 50 day simple moving average is $5.52 and its 200 day simple moving average is $5.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68. The firm has a market cap of $3.14 billion, a P/E ratio of 99.42 and a beta of 1.57.

Hecla Mining (NYSE:HL - Get Free Report) last issued its 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 the consensus estimate 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 for the quarter was up 37.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) EPS. On average, sell-side analysts predict that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.30%. The ex-dividend date is Friday, May 23rd. Hecla Mining's payout ratio is 9.09%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HL. National Bank Financial raised Hecla Mining to a "hold" rating in a research report on Friday, March 21st. BMO Capital Markets reaffirmed a "market perform" rating and set a $5.50 price target (down previously from $7.50) on shares of Hecla Mining in a report on Monday. TD Securities reduced their target price on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research note on Monday. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Finally, HC Wainwright reissued a "buy" rating and set a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $7.20.

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.