Hecla Mining (NYSE:HL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its position in shares of Hecla Mining (NYSE:HL) by 62.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,481 shares of the basic materials company’s stock after selling 8,988 shares during the period. Nisa Investment Advisors LLC’s holdings in Hecla Mining were worth $26,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HL. Advisor Partners II LLC purchased a new position in shares of Hecla Mining in the 3rd quarter valued at about $52,000. Cornerstone Wealth Management LLC purchased a new position in Hecla Mining in the fourth quarter valued at approximately $72,000. Banco Santander S.A. raised its holdings in Hecla Mining by 15.6% during the third quarter. Banco Santander S.A. now owns 18,687 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 2,525 shares in the last quarter. Keybank National Association OH purchased a new stake in shares of Hecla Mining during the 3rd quarter worth approximately $76,000. Finally, SG Americas Securities LLC acquired a new position in shares of Hecla Mining in the 4th quarter valued at $76,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

HL has been the topic of several research analyst reports. StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a research note on Wednesday, April 10th. Roth Mkm boosted their target price on Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, National Bank Financial reissued an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.68.

Hecla Mining Stock Performance

NYSE HL opened at $5.06 on Tuesday. The business’s 50-day moving average price is $4.41 and its 200 day moving average price is $4.36. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.12 billion, a P/E ratio of -33.73 and a beta of 2.20. Hecla Mining has a 52-week low of $3.33 and a 52-week high of $6.30.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. The company had revenue of $160.69 million during the quarter, compared to analysts’ expectations of $151.51 million. During the same quarter last year, the business posted $0.02 earnings per share. The company’s revenue for the quarter was down 17.5% compared to the same quarter last year. On average, equities research analysts expect that Hecla Mining will post 0.02 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Tuesday, March 12th were given a dividend of $0.006 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.02 dividend on an annualized basis and a yield of 0.47%. Hecla Mining’s payout ratio is currently -13.33%.

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.