Wellington Shields Capital Management LLC Purchases 58,650 Shares of Hecla Mining (NYSE:HL)

Wellington Shields Capital Management LLC grew its holdings in Hecla Mining (NYSE:HL - Free Report) by 74.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 137,150 shares of the basic materials company's stock after buying an additional 58,650 shares during the quarter. Wellington Shields Capital Management LLC's holdings in Hecla Mining were worth $673,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of Hecla Mining by 771.8% in the 4th 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. Ameliora Wealth Management Ltd. bought a new position in shares of Hecla Mining in the 4th quarter worth approximately $25,000. Principal Securities Inc. bought a new position in shares of Hecla Mining in the 4th quarter worth approximately $25,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hecla Mining in the 3rd quarter worth approximately $28,000. Finally, Blue Trust Inc. raised 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 worth $41,000 after acquiring an additional 1,961 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insider Transactions at Hecla Mining

In related news, CFO Russell Douglas Lawlar sold 16,333 shares of Hecla Mining stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $84,604.94. Following the transaction, the chief financial officer now directly owns 297,983 shares in the company, valued at approximately $1,543,551.94. The trade was a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Krcmarov bought 6,570 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the transaction, the chief executive officer now directly owns 331,856 shares of the company's stock, valued at $1,755,518.24. This represents a 2.02 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 57,915 shares of company stock worth $300,000 in the last ninety days. Insiders own 1.40% of the company's stock.

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Hecla Mining Stock Up 0.3 %

Shares of Hecla Mining stock traded up $0.02 on Tuesday, reaching $5.90. The company's stock had a trading volume of 23,303,403 shares, compared to its average volume of 11,788,613. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 117.92 and a beta of 1.94. The firm's fifty day simple moving average is $5.52 and its two-hundred day simple moving average is $5.83. Hecla Mining has a 52 week low of $4.04 and a 52 week high of $7.68. 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 - Get Free Report) last posted its earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The business had revenue of $249.66 million during 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%. Equities analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.0038 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.25%. Hecla Mining's dividend payout ratio (DPR) is currently 20.00%.

Analysts Set New Price Targets

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

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.