Hecla Mining (NYSE:HL) Stake Reduced by Integrated Advisors Network LLC

Integrated Advisors Network LLC lowered its position in Hecla Mining (NYSE:HL - Free Report) by 49.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,500 shares of the basic materials company's stock after selling 58,200 shares during the quarter. Integrated Advisors Network LLC's holdings in Hecla Mining were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in shares of Hecla Mining by 160.7% during the 1st quarter. SG Americas Securities LLC now owns 111,856 shares of the basic materials company's stock valued at $622,000 after acquiring an additional 68,943 shares in the last quarter. GAMMA Investing LLC raised its position in Hecla Mining by 614.5% in the first quarter. GAMMA Investing LLC now owns 35,818 shares of the basic materials company's stock valued at $1,990,000 after purchasing an additional 30,805 shares during the period. Wellington Management Group LLP lifted its stake in shares of Hecla Mining by 0.4% during the fourth quarter. Wellington Management Group LLP now owns 1,646,468 shares of the basic materials company's stock worth $8,084,000 after purchasing an additional 7,116 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Hecla Mining by 13.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,883 shares of the basic materials company's stock worth $93,000 after buying an additional 2,169 shares during the period. Finally, PKO Investment Management Joint Stock Co purchased a new stake in shares of Hecla Mining in the fourth quarter worth about $1,451,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insider Activity

In related news, VP Stuart Maurice Absolom sold 18,926 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $6.66, for a total value of $126,047.16. Following the completion of the transaction, the vice president now owns 59,410 shares in the company, valued at $395,670.60. This represents a 24.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Catherine J. Boggs acquired 20,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was bought at an average price of $4.99 per share, with a total value of $99,800.00. Following the completion of the acquisition, the director now directly owns 348,169 shares of the company's stock, valued at approximately $1,737,363.31. This represents a 6.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.62% of the company's stock.

Hecla Mining Stock Down 0.6%

Hecla Mining stock traded down $0.04 during midday trading on Monday, hitting $5.98. The stock had a trading volume of 3,528,721 shares, compared to its average volume of 14,971,722. 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 business has a fifty day moving average price of $5.47 and a 200 day moving average price of $5.46. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68. The stock has a market cap of $3.78 billion, a P/E ratio of 119.72 and a beta of 1.44.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings results 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). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The firm had revenue of $261.34 million for the quarter, compared to analyst estimates of $238.50 million. During the same period in the prior year, the company posted ($0.01) earnings per share. The business's revenue was up 37.9% on a year-over-year basis. Research analysts predict that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The firm 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. The ex-dividend date was Friday, May 23rd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.25%. Hecla Mining's payout ratio is currently 9.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BMO Capital Markets reissued a "market perform" rating and set a $5.50 price target (down from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. TD Securities dropped their price target on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Wall Street Zen upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Roth Mkm lowered their target price on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, National Bank Financial upgraded Hecla Mining to a "hold" rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Hecla Mining presently has a consensus rating of "Hold" and a consensus price target of $7.13.

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.