Deutsche Bank AG Has $6.42 Million Stock Position in Hecla Mining (NYSE:HL)

Deutsche Bank AG boosted its position in shares of Hecla Mining (NYSE:HL - Free Report) by 38.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,307,305 shares of the basic materials company's stock after purchasing an additional 363,554 shares during the quarter. Deutsche Bank AG owned approximately 0.21% of Hecla Mining worth $6,419,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its position in shares of Hecla Mining by 317.4% in the 3rd quarter. Barclays PLC now owns 909,811 shares of the basic materials company's stock worth $6,069,000 after buying an additional 691,862 shares in the last quarter. M.E. Allison & CO. Inc. purchased a new stake in shares of Hecla Mining in the fourth quarter valued at about $49,000. Fiduciary Family Office LLC purchased a new position in shares of Hecla Mining during the 4th quarter worth approximately $73,000. Inspire Investing LLC raised its position in shares of Hecla Mining by 31.5% during the 4th quarter. Inspire Investing LLC now owns 81,360 shares of the basic materials company's stock worth $399,000 after purchasing an additional 19,493 shares during the last quarter. Finally, Benin Management CORP raised its position in shares of Hecla Mining by 10.1% during the 4th quarter. Benin Management CORP now owns 32,850 shares of the basic materials company's stock worth $161,000 after purchasing an additional 3,000 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Price Performance

NYSE:HL traded up $0.17 during mid-day trading on Tuesday, reaching $5.11. 15,111,886 shares of the stock were exchanged, compared to its average volume of 14,165,303. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $3.23 billion, a PE ratio of 102.22 and a beta of 1.57. The business has a fifty day moving average price of $5.44 and a 200 day moving average price of $5.47.

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 the consensus estimate of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The company had revenue of $261.34 million for the quarter, compared to the consensus estimate of $238.50 million. During the same period in the prior year, the business earned ($0.01) earnings per share. The business's revenue was up 37.9% compared to the same quarter last year. Research analysts expect that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Friday, May 23rd. Hecla Mining's payout ratio is 9.09%.

Analyst Upgrades and Downgrades

HL has been the subject of several recent research reports. HC Wainwright reissued a "buy" rating and set a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. StockNews.com raised shares of Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. BMO Capital Markets reaffirmed a "market perform" rating and set a $5.50 price target (down from $7.50) on shares of Hecla Mining in a research note on Monday, May 5th. Roth Mkm decreased their price objective on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, TD Securities dropped their price target on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.20.

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 9,195 shares of Hecla Mining stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $47,630.10. Following the transaction, the vice president now owns 104,512 shares of the company's stock, valued at $541,372.16. The trade was a 8.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert Krcmarov bought 6,570 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the acquisition, the chief executive officer now directly owns 331,856 shares in the company, valued at $1,755,518.24. This trade represents a 2.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 57,915 shares of company stock valued at $300,000 over the last ninety days. Corporate insiders own 0.62% 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.