SG Americas Securities LLC Buys 68,943 Shares of Hecla Mining Company (NYSE:HL)

SG Americas Securities LLC lifted its position in shares of Hecla Mining Company (NYSE:HL - Free Report) by 160.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,856 shares of the basic materials company's stock after buying an additional 68,943 shares during the period. SG Americas Securities LLC's holdings in Hecla Mining were worth $622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in Hecla Mining in the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Hecla Mining in the fourth quarter valued at about $44,000. Haven Private LLC acquired a new stake in shares of Hecla Mining in the fourth quarter valued at about $49,000. CIBC Private Wealth Group LLC bought a new stake in Hecla Mining during the fourth quarter worth about $60,000. Finally, Ground Swell Capital LLC acquired a new position in Hecla Mining during the fourth quarter valued at approximately $57,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. National Bankshares set a $7.00 price target on Hecla Mining in a research report on Friday, June 13th. BMO Capital Markets reissued a "market perform" rating and issued a $5.50 target price (down from $7.50) on shares of Hecla Mining in a research note on Monday, May 5th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a report on Thursday, June 12th. Finally, TD Securities cut 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 note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $7.10.

Insider Transactions at Hecla Mining

In other news, Director Catherine J. Boggs purchased 20,000 shares of Hecla Mining stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average cost of $4.99 per share, for a total transaction of $99,800.00. Following the purchase, the director now directly owns 348,169 shares of the company's stock, valued at $1,737,363.31. This trade represents a 6.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Stuart Maurice Absolom sold 18,926 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $6.66, for a total value of $126,047.16. Following the transaction, the vice president now owns 59,410 shares in the company, valued at $395,670.60. The trade was a 24.16% decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Hecla Mining Stock Performance

Shares of HL traded up $0.03 during mid-day trading on Wednesday, reaching $5.83. The company's stock had a trading volume of 20,145,121 shares, compared to its average volume of 15,422,526. Hecla Mining Company has a 1-year low of $4.41 and a 1-year high of $7.68. The stock has a market cap of $3.69 billion, a P/E ratio of 53.00 and a beta of 1.44. The business has a 50-day simple moving average of $5.53 and a two-hundred day simple moving average of $5.48. 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 posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Hecla Mining had a net margin of 7.13% and a return on equity of 3.87%. The business had revenue of $261.34 million during the quarter, compared to the consensus estimate of $238.50 million. During the same quarter last year, the company posted ($0.01) EPS. The firm's revenue was up 37.9% on a year-over-year basis. As a group, equities 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. Stockholders of record on Friday, May 23rd were given a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Friday, May 23rd. Hecla Mining's payout ratio is presently 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.