Banco Santander S.A. Sells 8,442 Shares of Hecla Mining (NYSE:HL)

Banco Santander S.A. trimmed its position in shares of Hecla Mining (NYSE:HL) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,663 shares of the basic materials company’s stock after selling 8,442 shares during the period. Banco Santander S.A.’s holdings in Hecla Mining were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Hecla Mining during the third quarter valued at $28,000. Ameliora Wealth Management Ltd. bought a new position in Hecla Mining during the fourth quarter valued at $25,000. GAMMA Investing LLC lifted its position in shares of Hecla Mining by 771.8% during the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 4,438 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Hecla Mining during the fourth quarter worth $25,000. Finally, Blue Trust Inc. lifted its position in shares of Hecla Mining by 30.7% during the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 1,961 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 16,333 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $84,604.94. Following the sale, the chief financial officer now owns 297,983 shares in the company, valued at $1,543,551.94. This trade represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kurt Allen sold 9,195 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $47,630.10. Following the sale, the vice president now owns 104,512 shares in the company, valued at $541,372.16. The trade was a 8.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,915 shares of company stock worth $300,000 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HL. TD Securities dropped their target price on Hecla Mining from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Friday, February 21st. HC Wainwright restated a “buy” rating and set a $11.50 target price on shares of Hecla Mining in a research report on Friday, February 14th. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday, February 17th. Finally, Roth Mkm dropped their target price on Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $8.00.

Hecla Mining Trading Down 4.9 %

Shares of HL stock opened at $5.17 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. Hecla Mining has a 52-week low of $4.04 and a 52-week high of $7.68. The company has a market capitalization of $3.26 billion, a PE ratio of 103.32 and a beta of 1.94. The business’s fifty day moving average is $5.46 and its 200 day moving average is $5.85.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business had revenue of $249.66 million during the quarter, compared to analysts’ expectations of $229.21 million. On average, equities research analysts anticipate that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a dividend of $0.0038 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a yield of 0.29%. Hecla Mining’s payout ratio is 20.00%.

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.