Avalon Capital Management Has $192,000 Stock Holdings in Hecla Mining (NYSE:HL)

Avalon Capital Management cut its stake in Hecla Mining (NYSE:HL) by 45.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,114 shares of the basic materials company’s stock after selling 32,383 shares during the period. Avalon Capital Management’s holdings in Hecla Mining were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HL. GAMMA Investing LLC boosted its stake in Hecla Mining by 771.8% in the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 4,438 shares during the period. Ameliora Wealth Management Ltd. acquired a new stake in shares of Hecla Mining during the fourth quarter valued at about $25,000. Principal Securities Inc. bought a new position in Hecla Mining in the 4th quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hecla Mining during the third quarter worth $28,000. Finally, Blue Trust Inc. grew its position in shares of Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after buying an additional 1,961 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Price Performance

HL opened at $5.24 on Tuesday. Hecla Mining has a 52-week low of $3.41 and a 52-week high of $7.68. The business has a fifty day moving average of $5.42 and a 200 day moving average of $5.88. The stock has a market cap of $3.31 billion, a P/E ratio of 104.72 and a beta of 1.91. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 EPS 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 the consensus estimate of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. As a group, sell-side analysts anticipate that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining’s dividend payout ratio is presently 100.02%.

Analyst Upgrades and Downgrades

HL has been the subject of several research reports. TD Securities reduced their price target on shares of Hecla Mining from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Friday. Roth Mkm lowered their price target on Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, February 18th. StockNews.com raised Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. National Bank Financial lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, HC Wainwright restated a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.00.

Insiders Place Their Bets

In other Hecla Mining news, CEO Robert Krcmarov acquired 6,570 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average cost of $5.29 per share, with a total value of $34,755.30. Following the transaction, the chief executive officer now owns 331,856 shares of the company’s stock, valued at $1,755,518.24. This trade represents a 2.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

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.