Hecla Mining Company (NYSE:HL) Shares Bought by Bank of New York Mellon Corp

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

Other institutional investors and hedge funds have also modified their holdings of the company. Tidal Investments LLC increased its holdings in 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 valued at $77,999,000 after acquiring an additional 7,960,826 shares during the last quarter. Marshall Wace LLP increased its holdings in 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 valued at $24,580,000 after acquiring an additional 3,233,116 shares during the last quarter. Jefferies Financial Group Inc. increased its holdings in Hecla Mining by 1,331.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 1,997,790 shares of the basic materials company's stock valued at $9,809,000 after acquiring an additional 1,858,271 shares during the last quarter. Norges Bank bought a new stake in Hecla Mining in the 4th quarter valued at $7,855,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Hecla Mining in the 4th quarter valued at $4,984,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Hecla Mining Stock Performance

HL stock traded up $0.25 during midday trading on Tuesday, hitting $6.31. 17,792,763 shares of the stock traded hands, compared to its average volume of 16,354,928. The firm has a market cap of $3.99 billion, a P/E ratio of 57.32 and a beta of 1.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 0.75. The stock's fifty day simple moving average is $5.70 and its 200-day simple moving average is $5.57. Hecla Mining Company has a 1-year low of $4.41 and a 1-year high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $261.34 million for the quarter, compared to analysts' expectations of $238.50 million. Hecla Mining had a net margin of 7.13% and a return on equity of 3.87%. The business's revenue for the quarter was up 37.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) earnings per share. On average, analysts expect that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HL. TD Securities reduced their target price on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Monday, May 5th. National Bankshares set a $7.00 target price on shares of Hecla Mining in a report on Friday, June 13th. CIBC boosted their target price on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a report on Thursday, June 12th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $5.50 target price (down from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.07.

Insider Activity

In related news, VP Stuart Maurice Absolom sold 18,926 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $6.66, for a total transaction of $126,047.16. Following the completion of the sale, the vice president directly owned 59,410 shares in the company, valued at approximately $395,670.60. This trade represents a 24.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Catherine J. Boggs purchased 20,000 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were 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 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 disclosure for this purchase can be found here. Company insiders own 1.40% 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.