Bank of New York Mellon Corp Acquires 115,512 Shares of Hecla Mining Company (NYSE:HL)

Bank of New York Mellon Corp raised its stake in shares of Hecla Mining Company (NYSE:HL - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,913,645 shares of the basic materials company's stock after buying an additional 115,512 shares during the period. Bank of New York Mellon Corp owned approximately 0.46% of Hecla Mining worth $16,200,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Hecla Mining by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company's stock worth $301,440,000 after purchasing an additional 774,000 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Hecla Mining by 100.5% in the 4th quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock worth $77,999,000 after purchasing an additional 7,960,826 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Hecla Mining by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 13,904,662 shares of the basic materials company's stock worth $68,289,000 after purchasing an additional 39,421 shares during the last quarter. Northern Trust Corp grew its stake in shares of Hecla Mining by 5.0% in the 4th quarter. Northern Trust Corp now owns 6,098,558 shares of the basic materials company's stock worth $29,944,000 after purchasing an additional 289,865 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Hecla Mining by 182.4% in the 4th quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company's stock worth $24,580,000 after purchasing an additional 3,233,116 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on HL shares. CIBC lifted their price objective on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a research report on Thursday, June 12th. National Bankshares set a $7.00 price target on shares of Hecla Mining in a report on Friday, June 13th. BMO Capital Markets reiterated a "market perform" rating and set a $5.50 price objective (down from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Finally, Roth Capital restated a "neutral" rating and issued a $6.00 target price on shares of Hecla Mining in a research note on Tuesday, July 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $7.07.

Insider Buying and Selling at Hecla Mining

In related news, Director Catherine J. Boggs acquired 20,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was bought at an average price of $4.99 per share, with a total value of $99,800.00. Following the completion of the transaction, the director directly owned 348,169 shares of the company's stock, valued at approximately $1,737,363.31. The trade was a 6.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stuart Maurice Absolom sold 18,926 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $6.66, for a total transaction of $126,047.16. Following the transaction, the vice president owned 59,410 shares of the company's stock, valued at $395,670.60. The trade was a 24.16% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Hecla Mining Price Performance

HL traded down $0.03 during midday trading on Wednesday, hitting $6.29. The company had a trading volume of 17,958,831 shares, compared to its average volume of 16,475,120. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.75 and a current ratio of 1.43. The company has a market capitalization of $3.98 billion, a PE ratio of 57.14 and a beta of 1.47. Hecla Mining Company has a twelve month low of $4.41 and a twelve month high of $7.68. The firm's 50-day simple moving average is $5.75 and its 200-day simple moving average is $5.58.

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

Hecla Mining Dividend Announcement

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

Hecla Mining Company 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.