Bank of New York Mellon Corp Has $13.74 Million Stake in Hecla Mining (NYSE:HL)

Bank of New York Mellon Corp raised its position in Hecla Mining (NYSE:HL - Free Report) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,798,133 shares of the basic materials company's stock after purchasing an additional 232,425 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.45% of Hecla Mining worth $13,739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HL. Wealth Enhancement Advisory Services LLC grew its stake in Hecla Mining by 21.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company's stock valued at $111,000 after purchasing an additional 2,982 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Hecla Mining by 15.4% in the third quarter. Sigma Planning Corp now owns 26,371 shares of the basic materials company's stock worth $176,000 after buying an additional 3,517 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Hecla Mining in the third quarter worth about $787,000. Cable Hill Partners LLC acquired a new stake in shares of Hecla Mining in the third quarter worth about $208,000. Finally, KBC Group NV lifted its position in shares of Hecla Mining by 19.2% in the third quarter. KBC Group NV now owns 18,075 shares of the basic materials company's stock worth $121,000 after buying an additional 2,909 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insider Activity at Hecla Mining

In other news, CAO Michael L. Clary sold 32,387 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $167,764.66. Following the sale, the chief accounting officer now directly owns 246,440 shares in the company, valued at approximately $1,276,559.20. This represents a 11.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert Krcmarov acquired 6,570 shares of the stock in a transaction dated Wednesday, February 19th. The stock was bought at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the purchase, 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. Insiders have sold 57,915 shares of company stock worth $300,000 over the last three months. Company insiders own 1.40% of the company's stock.

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Wall Street Analyst Weigh In

HL has been the subject of a number of analyst reports. TD Securities cut Hecla Mining from a "buy" rating to a "hold" rating and reduced their price target for the stock from $6.50 to $5.50 in a research report on Tuesday, March 11th. StockNews.com raised Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. HC Wainwright reaffirmed a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. Finally, Roth Mkm cut their price objective on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $7.75.

Hecla Mining Stock Performance

Shares of NYSE HL traded down $0.03 during trading hours on Friday, hitting $5.75. 20,156,038 shares of the company's stock were exchanged, compared to its average volume of 11,722,704. Hecla Mining has a 1-year low of $4.04 and a 1-year high of $7.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 114.92 and a beta of 1.94. The company's 50-day moving average price is $5.50 and its 200-day moving average price is $5.84.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The firm had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million. On average, sell-side analysts expect that Hecla Mining will post 0.21 earnings per share 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. Investors of record on Monday, March 10th will be paid a dividend of $0.0038 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.26%. Hecla Mining's dividend 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.