Brookwood Investment Group LLC Sells 58,427 Shares of Hecla Mining Company $HL

Brookwood Investment Group LLC decreased its stake in shares of Hecla Mining Company (NYSE:HL) by 77.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,897 shares of the basic materials company’s stock after selling 58,427 shares during the period. Brookwood Investment Group LLC’s holdings in Hecla Mining were worth $101,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HL. Wealth Enhancement Advisory Services LLC grew its position in Hecla Mining by 31.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 24,735 shares of the basic materials company’s stock valued at $138,000 after purchasing an additional 5,852 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Hecla Mining by 9.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 175,196 shares of the basic materials company’s stock valued at $974,000 after purchasing an additional 14,853 shares in the last quarter. KBC Group NV grew its position in Hecla Mining by 36.4% in the first quarter. KBC Group NV now owns 32,536 shares of the basic materials company’s stock valued at $181,000 after purchasing an additional 8,689 shares in the last quarter. Clear Creek Financial Management LLC bought a new position in Hecla Mining in the first quarter valued at $168,000. Finally, Principal Financial Group Inc. grew its position in Hecla Mining by 22.0% in the first quarter. Principal Financial Group Inc. now owns 39,611 shares of the basic materials company’s stock valued at $220,000 after purchasing an additional 7,149 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Down 1.7%

Hecla Mining stock opened at $12.54 on Thursday. The firm has a market capitalization of $8.40 billion, a PE ratio of 78.36 and a beta of 1.31. The company’s 50-day moving average is $11.28 and its 200-day moving average is $7.79. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $15.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.67 and a quick ratio of 1.99.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $304.03 million during the quarter, compared to analysts’ expectations of $248.93 million. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. Hecla Mining’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS. Sell-side analysts anticipate that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, August 22nd. Hecla Mining’s dividend payout ratio (DPR) is currently 6.25%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hecla Mining in a research report on Wednesday, October 8th. HC Wainwright raised their target price on shares of Hecla Mining from $11.50 to $12.50 and gave the company a “buy” rating in a research report on Thursday, August 7th. BMO Capital Markets lifted their price objective on shares of Hecla Mining from $6.00 to $6.50 and gave the company a “market perform” rating in a research report on Thursday, August 7th. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, CIBC boosted their price objective on shares of Hecla Mining from $12.50 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.75.

Insider Activity

In other news, VP Stuart Maurice Absolom sold 14,472 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $11.29, for a total transaction of $163,388.88. Following the completion of the sale, the vice president owned 73,200 shares in the company, valued at approximately $826,428. This trade represents a 16.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.62% of the company’s stock.

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.