Hecla Mining (NYSE:HL) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC boosted its holdings in shares of Hecla Mining (NYSE:HL - Free Report) by 202.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,151 shares of the basic materials company's stock after acquiring an additional 50,969 shares during the quarter. Private Advisor Group LLC's holdings in Hecla Mining were worth $374,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Hecla Mining in the 3rd quarter worth $14,623,000. FMR LLC lifted its holdings in shares of Hecla Mining by 51.3% in the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company's stock worth $36,258,000 after buying an additional 1,842,991 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Hecla Mining by 43.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,481,761 shares of the basic materials company's stock worth $23,223,000 after buying an additional 1,059,929 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Hecla Mining by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company's stock worth $92,499,000 after buying an additional 711,676 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Hecla Mining by 378.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 897,261 shares of the basic materials company's stock worth $5,985,000 after buying an additional 709,576 shares during the period. Hedge funds and other institutional investors own 63.01% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HL shares. StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. TD Securities reduced their price target on Hecla Mining from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Friday, February 21st. Roth Mkm reduced their price target 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. National Bank Financial lowered Hecla Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. Finally, HC Wainwright reissued a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $8.00.

Hecla Mining Stock Up 0.5 %

NYSE:HL traded up $0.03 during mid-day trading on Friday, hitting $5.45. 19,240,639 shares of the company's stock traded hands, compared to its average volume of 11,319,718. The company has a fifty day moving average of $5.44 and a 200 day moving average of $5.86. Hecla Mining has a twelve month low of $4.04 and a twelve month high of $7.68. The company has a market capitalization of $3.44 billion, a P/E ratio of 108.92 and a beta of 1.94. 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 (NYSE:HL - Get Free Report) last announced its 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 business had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. On average, analysts forecast that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The business also recently announced 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 is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.28%. Hecla Mining's payout ratio is 20.00%.

Insider Transactions at Hecla Mining

In other Hecla Mining news, CEO Robert Krcmarov purchased 6,570 shares of the stock in a transaction 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 owns 331,856 shares of the company's stock, valued at $1,755,518.24. This trade represents a 2.02 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Kurt Allen sold 9,195 shares of the 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 $47,630.10. Following the transaction, the vice president now owns 104,512 shares in the company, valued at $541,372.16. This represents 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 quarter. 1.40% of the stock is currently owned by insiders.

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.