114,000 Shares in Hecla Mining (NYSE:HL) Bought by Torno Capital LLC

Torno Capital LLC acquired a new stake in Hecla Mining (NYSE:HL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 114,000 shares of the basic materials company's stock, valued at approximately $560,000.

A number of other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Hecla Mining by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company's stock worth $35,453,000 after buying an additional 502,094 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hecla Mining in the fourth quarter valued at approximately $1,640,000. JPMorgan Chase & Co. grew its holdings in shares of Hecla Mining by 20.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,189,473 shares of the basic materials company's stock worth $20,570,000 after purchasing an additional 707,712 shares in the last quarter. Vanguard Group Inc. increased its holdings in Hecla Mining by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company's stock valued at $301,440,000 after buying an additional 774,000 shares during the period. Finally, Private Advisor Group LLC lifted its stake in Hecla Mining by 202.4% during the fourth quarter. Private Advisor Group LLC now owns 76,151 shares of the basic materials company's stock worth $374,000 after purchasing an additional 50,969 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Stock Down 1.1%

HL stock traded down $0.06 during trading on Wednesday, reaching $5.08. The stock had a trading volume of 18,394,996 shares, compared to its average volume of 14,208,501. Hecla Mining has a one year low of $4.41 and a one year high of $7.68. The company's 50 day moving average is $5.44 and its two-hundred day moving average is $5.47. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 101.52 and a beta of 1.57. The company has a quick ratio of 0.55, a current ratio of 1.08 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 the consensus estimate of $0.05 by ($0.01). The company had revenue of $261.34 million for the quarter, compared to the consensus estimate of $238.50 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. Hecla Mining's quarterly revenue was up 37.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS. Equities research analysts forecast that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be paid a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Friday, May 23rd. Hecla Mining's dividend payout ratio is currently 9.09%.

Insider Activity

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 16,333 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $84,604.94. Following the completion of the transaction, the chief financial officer now directly owns 297,983 shares of the company's stock, valued at $1,543,551.94. This trade represents a 5.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine J. Boggs bought 20,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $4.99 per share, for a total transaction of $99,800.00. Following the completion of the purchase, the director now directly owns 348,169 shares in the company, valued at approximately $1,737,363.31. The trade was a 6.09% 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 quarter. Company insiders own 0.62% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HL. HC Wainwright restated a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a research note on Friday, February 14th. BMO Capital Markets reissued a "market perform" rating and set a $5.50 target price (down previously from $7.50) on shares of Hecla Mining in a research note on Monday, May 5th. TD Securities cut their price target on Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Monday, May 5th. National Bank Financial upgraded Hecla Mining to a "hold" rating in a research note on Friday, March 21st. Finally, StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.20.

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.