D.A. Davidson & CO. Purchases 55,488 Shares of Hecla Mining Company (NYSE:HL)

D.A. Davidson & CO. lifted its position in shares of Hecla Mining Company (NYSE:HL - Free Report) by 387.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,812 shares of the basic materials company's stock after purchasing 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 Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hecla Mining by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company's stock valued at $35,453,000 after purchasing an additional 502,094 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Hecla Mining during the 4th quarter worth about $1,640,000. JPMorgan Chase & Co. raised its position in shares of Hecla Mining by 20.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,189,473 shares of the basic materials company's stock worth $20,570,000 after acquiring an additional 707,712 shares in the last quarter. Vanguard Group Inc. raised its position 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 acquiring an additional 774,000 shares in the last quarter. Finally, Wellington Shields Capital Management LLC raised its position in shares of Hecla Mining by 74.7% in the 4th quarter. Wellington Shields Capital Management LLC now owns 137,150 shares of the basic materials company's stock worth $673,000 after acquiring an additional 58,650 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Insider Buying and Selling

In other Hecla Mining news, VP Stuart Maurice Absolom sold 18,926 shares of the business's stock in a transaction that occurred 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 directly owned 59,410 shares of the company's stock, valued at approximately $395,670.60. The trade was a 24.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Catherine J. Boggs acquired 20,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $4.99 per share, with a total value of $99,800.00. Following the completion of the acquisition, the director directly owned 348,169 shares in the company, valued at approximately $1,737,363.31. This represents a 6.09% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.62% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HL. 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 report on Monday, May 5th. Roth Capital reissued a "neutral" rating and issued a $6.00 price objective on shares of Hecla Mining in a research report on Tuesday, July 1st. National Bank Financial raised Hecla Mining to a "hold" rating in a research report on Thursday, June 12th. TD Securities lowered their price objective on Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Finally, National Bankshares set a $7.00 price objective on Hecla Mining in a research report on Friday, June 13th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $6.92.

Hecla Mining Stock Performance

Shares of Hecla Mining stock opened at $6.32 on Friday. Hecla Mining Company has a one year low of $4.41 and a one year high of $7.68. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 57.46 and a beta of 1.47. The business has a 50-day simple moving average of $5.59 and a 200 day simple moving average of $5.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 0.75.

Hecla Mining (NYSE:HL - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $0.04 EPS 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 the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) earnings per share. On average, research analysts anticipate that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a 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%.

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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