Raymond James Financial Inc. Invests $1.64 Million in Hecla Mining (NYSE:HL)

Raymond James Financial Inc. acquired a new position in Hecla Mining (NYSE:HL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 334,096 shares of the basic materials company's stock, valued at approximately $1,640,000. Raymond James Financial Inc. owned about 0.05% of Hecla Mining at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HL. GAMMA Investing LLC grew its holdings in shares of Hecla Mining by 771.8% in the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company's stock worth $25,000 after purchasing an additional 4,438 shares during the last quarter. Ameliora Wealth Management Ltd. purchased a new stake in Hecla Mining in the 4th quarter valued at about $25,000. Principal Securities Inc. bought a new position in Hecla Mining in the 4th quarter worth about $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hecla Mining during the third quarter worth approximately $28,000. Finally, Blue Trust Inc. increased 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 during the period. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insider Transactions at Hecla Mining

In other Hecla Mining news, CAO Michael L. Clary sold 32,387 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $167,764.66. Following the transaction, the chief accounting officer now owns 246,440 shares in the company, valued at approximately $1,276,559.20. This represents a 11.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Russell Douglas Lawlar sold 16,333 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $84,604.94. Following the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders sold 57,915 shares of company stock valued at $300,000 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

HL has been the topic of several research analyst reports. HC Wainwright reissued a "buy" rating and issued a $11.50 price objective on shares of Hecla Mining in a research note on Friday, February 14th. National Bank Financial raised Hecla Mining to a "hold" rating in a research report on Friday, March 21st. StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Roth Mkm lowered their price objective on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, TD Securities downgraded shares of Hecla Mining from a "buy" rating to a "hold" rating and cut their target price for the company from $6.50 to $5.50 in a research report on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $7.75.

Hecla Mining Stock Down 4.4 %

HL traded down $0.25 on Thursday, hitting $5.37. The company had a trading volume of 20,711,062 shares, compared to its average volume of 12,573,539. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 107.42 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. The stock has a fifty day moving average price of $5.61 and a 200-day moving average price of $5.83. Hecla Mining has a 12-month low of $4.41 and a 12-month high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) 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 firm had revenue of $249.66 million during the quarter, compared to analysts' expectations of $229.21 million. Analysts predict that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.0038 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.02 annualized dividend and a dividend yield of 0.28%. Hecla Mining's dividend payout ratio is presently 20.00%.

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.