Hecla Mining Company $HL Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. reduced its stake in Hecla Mining Company (NYSE:HL) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,064,866 shares of the basic materials company’s stock after selling 640,261 shares during the period. Goldman Sachs Group Inc.’s holdings in Hecla Mining were worth $250,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HL. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Hecla Mining by 24.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company’s stock valued at $10,894,000 after acquiring an additional 380,448 shares during the period. Cetera Investment Advisers boosted its stake in Hecla Mining by 10.9% in the second quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 6,450 shares during the period. Prudential Financial Inc. boosted its stake in Hecla Mining by 71.6% in the second quarter. Prudential Financial Inc. now owns 78,395 shares of the basic materials company’s stock valued at $435,000 after acquiring an additional 32,714 shares during the period. Russell Investments Group Ltd. boosted its stake in Hecla Mining by 1.8% in the second quarter. Russell Investments Group Ltd. now owns 153,867 shares of the basic materials company’s stock valued at $922,000 after acquiring an additional 2,793 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 4,425 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, April 29th. Roth Mkm set a $13.00 price objective on Hecla Mining in a research report on Wednesday, February 18th. Finally, HC Wainwright reduced their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Hecla Mining presently has a consensus rating of “Hold” and a consensus price target of $22.25.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $14.79 on Friday. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The stock has a 50 day simple moving average of $18.28 and a 200-day simple moving average of $20.00. The company has a market cap of $9.92 billion, a PE ratio of 36.07 and a beta of 1.25. Hecla Mining Company has a 12-month low of $5.47 and a 12-month high of $34.17.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The firm had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share. On average, equities research analysts forecast that Hecla Mining Company will post 0.93 EPS for the current year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be given a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, May 22nd. Hecla Mining’s dividend payout ratio is 2.44%.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.