International Assets Investment Management LLC Sells 23,671 Shares of Hecla Mining (NYSE:HL)

International Assets Investment Management LLC reduced its stake in Hecla Mining (NYSE:HL) by 64.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,020 shares of the basic materials company’s stock after selling 23,671 shares during the quarter. International Assets Investment Management LLC’s holdings in Hecla Mining were worth $64,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new position in Hecla Mining in the 4th quarter valued at about $72,000. SG Americas Securities LLC bought a new position in Hecla Mining in the 4th quarter valued at about $76,000. ORG Partners LLC raised its holdings in Hecla Mining by 1,172.3% in the 4th quarter. ORG Partners LLC now owns 17,812 shares of the basic materials company’s stock valued at $86,000 after acquiring an additional 16,412 shares during the period. Strs Ohio increased its holdings in shares of Hecla Mining by 211.9% during the fourth quarter. Strs Ohio now owns 18,400 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 12,500 shares during the period. Finally, Forum Financial Management LP increased its holdings in shares of Hecla Mining by 24.4% during the fourth quarter. Forum Financial Management LP now owns 21,152 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 4,146 shares during the period. 63.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HL. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. HC Wainwright reaffirmed a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a report on Thursday, May 9th. Cantor Fitzgerald raised shares of Hecla Mining to a “strong-buy” rating in a report on Thursday, May 9th. StockNews.com raised shares of Hecla Mining to a “sell” rating in a report on Thursday, May 9th. Finally, Roth Mkm raised their target price on shares of Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.89.

Insider Buying and Selling

In related news, CFO Russell Douglas Lawlar sold 11,679 shares of Hecla Mining stock in a transaction on Friday, June 21st. The shares were sold at an average price of $4.91, for a total transaction of $57,343.89. Following the completion of the transaction, the chief financial officer now owns 393,894 shares of the company’s stock, valued at $1,934,019.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Hecla Mining news, VP Robert Denis Brown sold 24,792 shares of Hecla Mining stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total value of $121,728.72. Following the completion of the sale, the vice president now directly owns 607,649 shares of the company’s stock, valued at $2,983,556.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Russell Douglas Lawlar sold 11,679 shares of Hecla Mining stock in a transaction on Friday, June 21st. The shares were sold at an average price of $4.91, for a total transaction of $57,343.89. Following the completion of the sale, the chief financial officer now directly owns 393,894 shares of the company’s stock, valued at $1,934,019.54. The disclosure for this sale can be found here. Insiders sold 67,105 shares of company stock valued at $329,486 over the last quarter. Insiders own 1.40% of the company’s stock.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $4.87 on Friday. The firm has a market cap of $3.05 billion, a PE ratio of -32.43 and a beta of 2.12. The firm’s fifty day moving average is $5.34 and its 200-day moving average is $4.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.67. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $6.29.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Hecla Mining had a negative net margin of 12.22% and a negative return on equity of 0.28%. The company had revenue of $189.53 million for the quarter, compared to analyst estimates of $190.31 million. Sell-side analysts predict that Hecla Mining will post 0.04 earnings per share for the current year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Friday, May 24th were paid a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Thursday, May 23rd. Hecla Mining’s dividend payout ratio is presently -20.00%.

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.