Alps Advisors Inc. Buys New Position in Hecla Mining Company (NYSE:HL)

Alps Advisors Inc. bought a new stake in shares of Hecla Mining Company (NYSE:HL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 141,075 shares of the basic materials company's stock, valued at approximately $784,000.

Several other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Hecla Mining by 13.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,883 shares of the basic materials company's stock valued at $93,000 after buying an additional 2,169 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Hecla Mining by 10.7% in the 4th quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company's stock valued at $125,000 after purchasing an additional 2,457 shares during the period. Xponance Inc. boosted its position in shares of Hecla Mining by 9.9% in the 4th quarter. Xponance Inc. now owns 42,567 shares of the basic materials company's stock valued at $209,000 after purchasing an additional 3,845 shares during the period. Rathbones Group PLC boosted its position in shares of Hecla Mining by 10.3% in the 4th quarter. Rathbones Group PLC now owns 42,854 shares of the basic materials company's stock valued at $210,000 after purchasing an additional 4,000 shares during the period. Finally, Perritt Capital Management Inc boosted its position in shares of Hecla Mining by 6.6% in the 4th quarter. Perritt Capital Management Inc now owns 67,783 shares of the basic materials company's stock valued at $333,000 after purchasing an additional 4,206 shares during the period. Institutional investors own 63.01% of the company's stock.

Analyst Ratings Changes

HL has been the subject of a number of recent analyst reports. National Bankshares set a $7.00 price target on Hecla Mining in a research report on Friday, June 13th. National Bank Financial raised Hecla Mining to a "hold" rating in a research note on Thursday, June 12th. Roth Capital reissued a "neutral" rating and issued a $6.00 price objective on shares of Hecla Mining in a research note on Tuesday, July 1st. TD Securities reduced their price objective on Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $5.50 price objective (down from $7.50) on shares of Hecla Mining in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $6.92.

Insiders Place Their Bets

In other Hecla Mining news, VP Stuart Maurice Absolom sold 18,926 shares of Hecla Mining stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $6.66, for a total transaction of $126,047.16. Following the sale, the vice president owned 59,410 shares in the company, valued at $395,670.60. The trade was a 24.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine J. Boggs purchased 20,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were acquired at an average price of $4.99 per share, for a total transaction of $99,800.00. Following the purchase, the director directly owned 348,169 shares of the company's stock, valued at approximately $1,737,363.31. This represents a 6.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.40% of the stock is owned by insiders.

Hecla Mining Stock Performance

HL opened at $6.13 on Tuesday. The firm has a market capitalization of $3.87 billion, a P/E ratio of 55.69 and a beta of 1.47. The stock's 50 day moving average price is $5.59 and its two-hundred day moving average price is $5.54. The company has a quick ratio of 0.75, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Hecla Mining Company has a 12-month low of $4.41 and a 12-month high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The business had revenue of $261.34 million during the quarter, compared to analyst estimates of $238.50 million. Hecla Mining had a net margin of 7.13% and a return on equity of 3.87%. The business's quarterly revenue was up 37.9% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. On average, equities analysts forecast that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.0038 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.02 dividend on an annualized basis and a yield of 0.24%. Hecla Mining's dividend payout ratio is currently 9.09%.

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.

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