Trek Financial LLC Makes New Investment in Hecla Mining (NYSE:HL)

Trek Financial LLC acquired a new position in Hecla Mining (NYSE:HL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 467,439 shares of the basic materials company's stock, valued at approximately $2,295,000. Trek Financial LLC owned approximately 0.07% of Hecla Mining at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HL. GAMMA Investing LLC lifted its holdings in Hecla Mining by 771.8% during the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 4,438 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new position in shares of Hecla Mining during the 4th quarter valued at $25,000. Principal Securities Inc. purchased a new position in shares of Hecla Mining during the 4th quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Hecla Mining in the 3rd quarter worth $28,000. Finally, Blue Trust Inc. raised its holdings in Hecla Mining by 30.7% during the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 1,961 shares during the period. 63.01% of the stock is owned by institutional investors.

Hecla Mining Trading Up 5.4 %

HL stock traded up $0.30 during midday trading on Friday, reaching $5.77. 25,520,491 shares of the company traded hands, compared to its average volume of 12,989,361. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 115.32 and a beta of 1.77. 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 business has a 50 day moving average of $5.53 and a 200-day moving average of $5.73. Hecla Mining has a 52-week low of $4.41 and a 52-week high of $7.68.

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Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 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. As a group, sell-side analysts expect that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Monday, March 10th. Hecla Mining's dividend payout ratio is presently 20.00%.

Insider Buying and Selling at Hecla Mining

In other news, CAO Michael L. Clary sold 32,387 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 value of $167,764.66. Following the transaction, the chief accounting officer now directly owns 246,440 shares in the company, valued at approximately $1,276,559.20. This trade represents a 11.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Krcmarov bought 6,570 shares of Hecla Mining stock in a transaction on Wednesday, February 19th. The stock was purchased at an average price of $5.29 per share, with a total value of $34,755.30. Following the completion of the acquisition, 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 sold a total of 57,915 shares of company stock valued at $300,000 in the last three months. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

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

About Hecla Mining

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.