D.A. Davidson & CO. Has $388,000 Stock Holdings in Hecla Mining Company (NYSE:HL)

D.A. Davidson & CO. grew its stake in Hecla Mining Company (NYSE:HL - Free Report) by 387.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 69,812 shares of the basic materials company's stock after acquiring an additional 55,488 shares during the period. D.A. Davidson & CO.'s holdings in Hecla Mining were worth $388,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HL. PFG Investments LLC acquired a new position in shares of Hecla Mining in the 1st quarter valued at $56,000. Ground Swell Capital LLC acquired a new position in shares of Hecla Mining in the 4th quarter valued at $57,000. CTC Alternative Strategies Ltd. acquired a new position in shares of Hecla Mining in the 4th quarter valued at $59,000. CIBC Private Wealth Group LLC acquired a new position in shares of Hecla Mining in the 4th quarter valued at $60,000. Finally, Continuum Advisory LLC boosted its holdings in shares of Hecla Mining by 117.6% in the 1st quarter. Continuum Advisory LLC now owns 11,574 shares of the basic materials company's stock valued at $64,000 after buying an additional 6,255 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Stock Performance

Shares of NYSE:HL traded down $0.03 on Tuesday, reaching $6.11. 22,839,690 shares of the company's stock were exchanged, compared to its average volume of 16,183,424. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 55.51 and a beta of 1.47. Hecla Mining Company has a fifty-two week low of $4.41 and a fifty-two week high of $7.68. The business's 50-day moving average is $5.59 and its two-hundred day moving average 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 (NYSE:HL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $261.34 million during the quarter, compared to analyst estimates of $238.50 million. Hecla Mining had a return on equity of 3.87% and a net margin of 7.13%. The firm's revenue was up 37.9% on a year-over-year basis. During the same period last year, the business earned ($0.01) EPS. As a group, equities research analysts forecast that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 23rd were given a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Friday, May 23rd. Hecla Mining's dividend payout ratio (DPR) is 9.09%.

Analyst Ratings Changes

Several analysts recently commented on the stock. National Bankshares set a $7.00 price objective on shares of Hecla Mining in a research note on Friday, June 13th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a report on Thursday, June 12th. CIBC lifted their price target on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday. TD Securities lowered their target price on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a report on Monday, May 5th. Finally, Roth Capital reiterated a "neutral" rating and set a $6.00 price objective on shares of Hecla Mining in a research note on Tuesday, July 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Hecla Mining currently has an average rating of "Hold" and a consensus target price of $7.07.

Insider Buying and Selling

In other Hecla Mining news, Director Catherine J. Boggs acquired 20,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased 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 in the company, valued at $1,737,363.31. The trade was a 6.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Stuart Maurice Absolom sold 18,926 shares of the firm's 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 completion of the sale, the vice president owned 59,410 shares in the company, valued at approximately $395,670.60. The trade was a 24.16% decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

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.