D.A. Davidson & CO. Acquires 249,195 Shares of Hecla Mining (NYSE:HL)

D.A. Davidson & CO. raised its holdings in shares of Hecla Mining (NYSE:HL - Free Report) by 1,615.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 264,619 shares of the basic materials company's stock after purchasing an additional 249,195 shares during the period. D.A. Davidson & CO.'s holdings in Hecla Mining were worth $1,765,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Continuum Advisory LLC boosted its stake in shares of Hecla Mining by 313.6% during the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 4,967 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Hecla Mining during the 3rd quarter valued at approximately $49,000. Innealta Capital LLC purchased a new position in shares of Hecla Mining during the 2nd quarter worth approximately $41,000. GFG Capital LLC bought a new position in shares of Hecla Mining in the 3rd quarter worth approximately $67,000. Finally, Ballentine Partners LLC bought a new stake in shares of Hecla Mining during the second quarter valued at approximately $54,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insider Activity at Hecla Mining

In related news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the sale, the vice president now owns 173,700 shares of the company's stock, valued at approximately $1,175,949. This trade represents a 38.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.

Hecla Mining Stock Performance

Shares of HL traded up $0.03 during trading hours on Friday, hitting $5.52. The stock had a trading volume of 4,521,165 shares, compared to its average volume of 13,223,900. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68. The stock has a fifty day moving average price of $6.35 and a 200 day moving average price of $5.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. The firm has a market capitalization of $3.47 billion, a PE ratio of -138.00 and a beta of 2.00.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The company had revenue of $245.09 million for the quarter, compared to the consensus estimate of $232.03 million. During the same quarter last year, the firm posted ($0.01) earnings per share. The firm's revenue was up 34.7% compared to the same quarter last year. Analysts anticipate that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.0138 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. Hecla Mining's payout ratio is currently -125.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. National Bank Financial lowered shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. TD Securities dropped their price target on Hecla Mining from $8.50 to $8.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. StockNews.com lowered Hecla Mining from a "hold" rating to a "sell" rating in a research report on Thursday, October 17th. Roth Mkm lowered their price objective on Hecla Mining from $6.25 to $6.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Finally, HC Wainwright reissued a "buy" rating and issued a $10.25 target price on shares of Hecla Mining in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $7.94.

Hecla Mining 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.