Foyston Gordon & Payne Inc Makes New $234,000 Investment in Hecla Mining (NYSE:HL)

Foyston Gordon & Payne Inc purchased a new stake in Hecla Mining (NYSE:HL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 47,600 shares of the basic materials company’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ethic Inc. lifted its position in shares of Hecla Mining by 217.8% in the fourth quarter. Ethic Inc. now owns 70,215 shares of the basic materials company’s stock worth $345,000 after purchasing an additional 48,119 shares in the last quarter. Deutsche Bank AG increased its position in shares of Hecla Mining by 38.5% in the fourth quarter. Deutsche Bank AG now owns 1,307,305 shares of the basic materials company’s stock valued at $6,419,000 after acquiring an additional 363,554 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Hecla Mining during the fourth quarter worth about $146,000. BW Gestao de Investimentos Ltda. acquired a new position in Hecla Mining during the fourth quarter valued at approximately $491,000. Finally, Ameriprise Financial Inc. grew its stake in Hecla Mining by 10.7% in the fourth quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company’s stock valued at $125,000 after purchasing an additional 2,457 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Stock Up 4.9 %

Hecla Mining stock opened at $5.16 on Friday. The company’s 50-day moving average price is $5.51 and its two-hundred day moving average price is $5.57. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The stock has a market cap of $3.26 billion, a P/E ratio of 103.22 and a beta of 1.57. Hecla Mining has a twelve month low of $4.41 and a twelve month high of $7.68.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The firm had revenue of $261.34 million for the quarter, compared to analyst estimates of $238.50 million. During the same period in the previous year, the business posted ($0.01) earnings per share. The business’s revenue for the quarter was up 37.9% on a year-over-year basis. As a group, analysts expect that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be paid a $0.0038 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. Hecla Mining’s dividend payout ratio (DPR) is presently 9.09%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. TD Securities dropped their price objective on Hecla Mining from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Monday, May 5th. Roth Mkm cut their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research note on Tuesday, February 18th. National Bank Financial raised shares of Hecla Mining to a “hold” rating in a research report on Friday, March 21st. BMO Capital Markets reiterated a “market perform” rating and issued a $5.50 target price (down from $7.50) on shares of Hecla Mining in a research note on Monday, May 5th. Finally, StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.20.

Insider Buying and Selling

In related news, Director Catherine J. Boggs acquired 20,000 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was purchased at an average cost of $4.99 per share, with a total value of $99,800.00. Following the acquisition, the director now directly owns 348,169 shares of the company’s stock, valued at approximately $1,737,363.31. The trade was a 6.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Krcmarov bought 6,570 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were bought at an average price of $5.29 per share, with a total value of $34,755.30. Following the completion of the transaction, the chief executive officer now owns 331,856 shares in the company, 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 valued at $300,000. 0.62% of the stock is owned by company insiders.

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.