Integrated Advisors Network LLC Has $331,000 Position in Hecla Mining Company (NYSE:HL)

Integrated Advisors Network LLC decreased its position in shares of Hecla Mining Company (NYSE:HL - Free Report) by 49.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 SEC.

Several other institutional investors have also modified their holdings of HL. Principal Securities Inc. acquired a new stake in shares of Hecla Mining in the 4th quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in Hecla Mining during the fourth quarter worth approximately $44,000. Haven Private LLC acquired a new stake in Hecla Mining in the fourth quarter worth approximately $49,000. Ground Swell Capital LLC acquired a new stake in Hecla Mining in the fourth quarter worth approximately $57,000. Finally, Schnieders Capital Management LLC bought a new position in Hecla Mining during the 4th quarter valued at $59,000. Institutional investors own 63.01% of the company's stock.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, Director Catherine J. Boggs bought 20,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $4.99 per share, with a total value of $99,800.00. Following the completion of the transaction, the director now directly owns 348,169 shares of the company's stock, valued at $1,737,363.31. This represents a 6.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the vice president now directly owns 59,410 shares in the company, valued at approximately $395,670.60. This represents a 24.16% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. TD Securities cut their price objective on Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a report on Monday, May 5th. BMO Capital Markets reissued a "market perform" rating and issued a $5.50 price target (down from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. National Bankshares set a $7.00 price objective on shares of Hecla Mining in a research note on Friday, June 13th. National Bank Financial raised Hecla Mining to a "hold" rating in a research report on Thursday, June 12th. Finally, Roth Mkm dropped their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Hecla Mining presently has an average rating of "Hold" and an average price target of $7.10.

Hecla Mining Stock Down 1.8%

NYSE:HL traded down $0.11 during trading hours on Wednesday, hitting $5.97. 22,257,256 shares of the stock traded hands, compared to its average volume of 15,153,309. The firm has a 50 day moving average price of $5.51 and a 200 day moving average price of $5.47. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 54.32 and a beta of 1.44. Hecla Mining Company has a fifty-two week low of $4.41 and a fifty-two week high of $7.68. The company has a current ratio of 1.43, a quick ratio of 0.75 and a debt-to-equity ratio of 0.25.

Hecla Mining (NYSE:HL - Get Free Report) last announced its quarterly earnings data 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 return on equity of 3.87% and a net margin of 7.13%. The business had revenue of $261.34 million during the quarter, compared to analysts' expectations of $238.50 million. During the same period in the prior year, the company posted ($0.01) earnings per share. The firm's revenue was up 37.9% on a year-over-year basis. Equities research analysts anticipate that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 23rd were issued a dividend of $0.0038 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.25%. Hecla Mining's dividend payout ratio is 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.