ExodusPoint Capital Management LP Takes Position in Hecla Mining (NYSE:HL)

ExodusPoint Capital Management LP bought a new stake in shares of Hecla Mining (NYSE:HL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 757,556 shares of the basic materials company’s stock, valued at approximately $3,720,000. ExodusPoint Capital Management LP owned approximately 0.12% of Hecla Mining at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hecla Mining during the 3rd quarter worth approximately $28,000. Ameliora Wealth Management Ltd. bought a new position in Hecla Mining during the fourth quarter worth $25,000. GAMMA Investing LLC grew its holdings in Hecla Mining by 771.8% in the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 4,438 shares during the period. Principal Securities Inc. bought a new stake in Hecla Mining in the fourth quarter valued at $25,000. Finally, Blue Trust Inc. raised its holdings in shares of Hecla Mining by 30.7% during 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. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling

In related news, VP Kurt Allen sold 9,195 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $47,630.10. Following the completion of the sale, the vice president now owns 104,512 shares in the company, valued at approximately $541,372.16. This trade represents a 8.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert Krcmarov acquired 6,570 shares of the stock in a transaction on Wednesday, February 19th. The stock was bought at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the transaction, the chief executive officer now owns 331,856 shares of the company’s stock, valued at approximately $1,755,518.24. This trade represents a 2.02 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 57,915 shares of company stock worth $300,000. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HL. HC Wainwright reaffirmed a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a research report on Friday, February 14th. StockNews.com raised Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday, February 17th. National Bank Financial upgraded shares of Hecla Mining to a “hold” rating in a research note on Friday, March 21st. TD Securities lowered shares of Hecla Mining from a “buy” rating to a “hold” rating and dropped their price objective for the company from $6.50 to $5.50 in a research note on Tuesday, March 11th. Finally, Roth Mkm decreased their target price on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.75.

Hecla Mining Price Performance

HL opened at $4.71 on Monday. Hecla Mining has a 1 year low of $4.41 and a 1 year high of $7.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 94.12 and a beta of 1.77. The firm’s fifty day moving average price is $5.60 and its two-hundred day moving average price is $5.80.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $249.66 million for the quarter, compared to analysts’ expectations of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. As a group, analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Monday, March 10th. Hecla Mining’s dividend payout ratio is presently 20.00%.

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.