Hecla Mining Company $HL Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its position in Hecla Mining Company by 5.9%, owning 1,230,540 shares valued at approximately $6.84 million at the end of the latest quarter.
• Hecla Mining reported an earnings per share (EPS) of $0.08 for the quarter, exceeding estimates by $0.03, and its revenue grew by 23.8% year-over-year.
• The company declared a quarterly dividend of $0.0038 per share, with a dividend yield of 0.2%, scheduled for payment on September 4th.

Deutsche Bank AG cut its position in Hecla Mining Company (NYSE:HL - Free Report) by 5.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,230,540 shares of the basic materials company's stock after selling 76,765 shares during the quarter. Deutsche Bank AG owned 0.19% of Hecla Mining worth $6,842,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Hecla Mining in the first quarter valued at $31,000. PFG Investments LLC acquired a new stake in shares of Hecla Mining in the first quarter valued at $56,000. Hohimer Wealth Management LLC acquired a new position in Hecla Mining during the 1st quarter worth $58,000. Abel Hall LLC acquired a new position in Hecla Mining during the 1st quarter worth $64,000. Finally, Ground Swell Capital LLC acquired a new position in Hecla Mining during the 4th quarter worth $57,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wall Street Zen raised Hecla Mining from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. CIBC boosted their target price on Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. BMO Capital Markets boosted their target price on Hecla Mining from $6.00 to $6.50 and gave the stock a "market perform" rating in a research note on Thursday, August 7th. HC Wainwright boosted their target price on Hecla Mining from $11.50 to $12.50 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Roth Capital reissued a "neutral" rating on shares of Hecla Mining in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7.36.

Hecla Mining Stock Up 1.3%

Shares of NYSE:HL traded up $0.0950 on Thursday, hitting $7.6950. 13,143,852 shares of the company's stock were exchanged, compared to its average volume of 21,873,390. The firm's 50-day moving average is $6.34 and its 200 day moving average is $5.79. The company has a market capitalization of $5.16 billion, a PE ratio of 48.10 and a beta of 1.27. Hecla Mining Company has a 1-year low of $4.46 and a 1-year high of $7.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 2.67.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The business had revenue of $304.03 million during the quarter, compared to analysts' expectations of $248.93 million. During the same period in the prior year, the firm posted $0.02 EPS. The business's quarterly revenue was up 23.8% compared to the same quarter last year. Sell-side analysts predict that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.0038 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.02 annualized dividend and a yield of 0.2%. Hecla Mining's dividend payout ratio is currently 6.25%.

Insider Buying and Selling

In other Hecla Mining news, VP Stuart Maurice Absolom sold 18,926 shares of the company'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 $395,670.60. This represents a 24.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by corporate insiders.

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.