Parvin Asset Management LLC Purchases Shares of 136,275 Hecla Mining (NYSE:HL)

Parvin Asset Management LLC bought a new position in shares of Hecla Mining (NYSE:HL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 136,275 shares of the basic materials company's stock, valued at approximately $669,000.

Several other large investors also recently bought and sold shares of the stock. Blue Trust Inc. lifted its holdings in Hecla Mining by 30.7% during the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock worth $41,000 after buying an additional 1,961 shares during the last quarter. Arizona State Retirement System lifted its stake in Hecla Mining by 1.3% during the fourth quarter. Arizona State Retirement System now owns 173,616 shares of the basic materials company's stock worth $852,000 after purchasing an additional 2,297 shares during the last quarter. Benin Management CORP boosted its holdings in Hecla Mining by 10.1% in the fourth quarter. Benin Management CORP now owns 32,850 shares of the basic materials company's stock valued at $161,000 after purchasing an additional 3,000 shares in the last quarter. Oxbow Advisors LLC increased its stake in Hecla Mining by 19.0% in the fourth quarter. Oxbow Advisors LLC now owns 22,203 shares of the basic materials company's stock valued at $109,000 after purchasing an additional 3,548 shares during the last quarter. Finally, Xponance Inc. raised its holdings in Hecla Mining by 9.9% during the fourth quarter. Xponance Inc. now owns 42,567 shares of the basic materials company's stock worth $209,000 after purchasing an additional 3,845 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

HL has been the topic of a number of recent analyst reports. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a research report on Friday, March 21st. Roth Mkm reduced their target price on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a report on Tuesday, February 18th. TD Securities lowered Hecla Mining from a "buy" rating to a "hold" rating and cut their price target for the stock from $6.50 to $5.50 in a research report on Tuesday, March 11th. HC Wainwright reaffirmed a "buy" rating and issued a $11.50 target price on shares of Hecla Mining in a report on Friday, February 14th. Finally, StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.30.

Hecla Mining Stock Performance

HL traded up $0.13 during trading on Monday, hitting $4.67. The stock had a trading volume of 21,523,350 shares, compared to its average volume of 13,705,133. The firm has a market capitalization of $2.95 billion, a P/E ratio of 93.12 and a beta of 1.57. 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 has a twelve month low of $4.41 and a twelve month high of $7.68. The company's 50-day moving average price is $5.53 and its 200 day moving average price is $5.63.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. 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 return on equity of 3.10% and a net margin of 3.85%. The firm had revenue of $261.34 million for the quarter, compared to analysts' expectations of $238.50 million. During the same period in the prior year, the company earned ($0.01) earnings per share. The company's revenue for the quarter was up 37.9% on a year-over-year basis. On average, equities research analysts forecast that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be given a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.32%. The ex-dividend date is Friday, May 23rd. Hecla Mining's payout ratio is 9.09%.

Insiders Place Their Bets

In other news, CFO Russell Douglas Lawlar sold 16,333 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now owns 297,983 shares of the company's stock, valued at $1,543,551.94. The trade was a 5.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Krcmarov acquired 6,570 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average cost of $5.29 per share, with a total value of $34,755.30. Following the completion of the purchase, the chief executive officer now directly owns 331,856 shares in the company, valued at $1,755,518.24. This represents a 2.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 57,915 shares of company stock worth $300,000. Corporate insiders own 0.62% of the company's stock.

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.