Hecla Mining (NYSE:HL) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in Hecla Mining (NYSE:HL – Get Rating) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 249,016 shares of the basic materials company’s stock after selling 24,394 shares during the period. Russell Investments Group Ltd.’s holdings in Hecla Mining were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. New York State Common Retirement Fund lifted its holdings in Hecla Mining by 0.5% in the 4th quarter. New York State Common Retirement Fund now owns 383,200 shares of the basic materials company’s stock valued at $2,131,000 after purchasing an additional 1,780 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Hecla Mining by 19.7% in the 4th quarter. Private Advisor Group LLC now owns 12,777 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 2,100 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Hecla Mining by 13.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,026 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 2,200 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Hecla Mining by 0.5% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 433,092 shares of the basic materials company’s stock worth $1,707,000 after acquiring an additional 2,316 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Hecla Mining by 200.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,500 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 3,000 shares during the period. 59.73% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Stock Performance

HL stock opened at $5.28 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 1.48. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of -58.67 and a beta of 2.06. Hecla Mining has a 1 year low of $3.41 and a 1 year high of $7.00. The stock’s fifty day moving average is $6.01 and its two-hundred day moving average is $5.69.

Hecla Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Monday, May 22nd will be issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Friday, May 19th. Hecla Mining’s payout ratio is currently -33.33%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HL. StockNews.com began coverage on shares of Hecla Mining in a report on Thursday, May 18th. They set a “sell” rating on the stock. Roth Mkm lowered shares of Hecla Mining from a “buy” rating to a “neutral” rating and raised their price target for the company from $5.50 to $6.25 in a report on Friday, April 14th. Canaccord Genuity Group lowered their price objective on shares of Hecla Mining from $7.25 to $6.25 and set a “buy” rating for the company in a research report on Thursday, February 16th. Cantor Fitzgerald downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Finally, HC Wainwright increased their price objective on shares of Hecla Mining from $7.00 to $8.25 and gave the company a “buy” rating in a research report on Friday, April 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.13.

Hecla Mining Company Profile

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Hecla Mining Co operates as a silver and gold production company. The firm produces lead, zinc and bulk concentrates for custom smelters and brokers and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, and Nevada Operations.