Moors & Cabot Inc. Sells 8,000 Shares of Hecla Mining (NYSE:HL)

Moors & Cabot Inc. reduced its position in shares of Hecla Mining (NYSE:HL) by 26.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 22,000 shares of the basic materials company’s stock after selling 8,000 shares during the quarter. Moors & Cabot Inc.’s holdings in Hecla Mining were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. grew its holdings in Hecla Mining by 19.5% in the 1st quarter. Sei Investments Co. now owns 185,990 shares of the basic materials company’s stock valued at $895,000 after buying an additional 30,379 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hecla Mining by 2.6% in the first quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock worth $285,811,000 after acquiring an additional 1,506,573 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Hecla Mining by 139.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 137,864 shares of the basic materials company’s stock worth $664,000 after acquiring an additional 80,311 shares during the period. Quadrature Capital Ltd acquired a new position in Hecla Mining during the 1st quarter valued at $229,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Hecla Mining by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 450,178 shares of the basic materials company’s stock valued at $2,166,000 after purchasing an additional 22,782 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Trading Down 3.0 %

Shares of HL opened at $5.52 on Monday. The stock has a 50 day simple moving average of $6.47 and a 200-day simple moving average of $5.89. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.47 billion, a PE ratio of -138.00 and a beta of 2.00. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $7.68.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The company had revenue of $245.09 million during the quarter, compared to analysts’ expectations of $232.03 million. During the same period last year, the business earned ($0.01) earnings per share. The business’s revenue was up 34.7% on a year-over-year basis. On average, sell-side analysts predict that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be given a $0.0138 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a yield of 1.00%. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. National Bank Financial lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price target on shares of Hecla Mining in a report on Thursday, August 8th. TD Securities decreased their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Roth Mkm cut their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Hecla Mining has a consensus rating of “Moderate Buy” and a consensus target price of $7.94.

Insiders Place Their Bets

In related news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now directly owns 173,700 shares of the company’s stock, valued at $1,175,949. The trade was a 38.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.40% 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.