UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Hecla Mining (NYSE:HL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Hecla Mining (NYSE:HL - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,578,828 shares of the basic materials company's stock after purchasing an additional 127,756 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Hecla Mining worth $7,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HL. Two Sigma Advisers LP increased its holdings in shares of Hecla Mining by 185.0% in the 4th quarter. Two Sigma Advisers LP now owns 140,853 shares of the basic materials company's stock worth $692,000 after buying an additional 91,424 shares during the last quarter. Tidal Investments LLC grew its stake in Hecla Mining by 100.5% in the 4th quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock worth $77,999,000 after acquiring an additional 7,960,826 shares in the last quarter. Torno Capital LLC bought a new position in shares of Hecla Mining during the fourth quarter valued at approximately $560,000. Sherbrooke Park Advisers LLC boosted its stake in shares of Hecla Mining by 105.8% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 23,653 shares of the basic materials company's stock valued at $116,000 after purchasing an additional 12,160 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Hecla Mining by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 165,448 shares of the basic materials company's stock valued at $812,000 after purchasing an additional 54,436 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. 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 report on Monday, May 5th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a research note on Friday, March 21st. HC Wainwright restated a "buy" rating and set a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. Wall Street Zen upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Finally, Roth Mkm dropped their target price on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $7.13.

Hecla Mining Trading Up 5.3%

HL stock traded up $0.33 during trading on Thursday, reaching $6.44. 54,742,149 shares of the stock were exchanged, compared to its average volume of 14,679,435. 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 50 day moving average price of $5.35 and a 200-day moving average price of $5.44. Hecla Mining has a 1 year low of $4.41 and a 1 year high of $7.68. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 128.73 and a beta of 1.44.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The company had revenue of $261.34 million during the quarter, compared to analysts' expectations of $238.50 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. Hecla Mining's revenue was up 37.9% on a year-over-year basis. During the same period last year, the firm posted ($0.01) earnings per share. On average, research analysts predict that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be issued a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Friday, May 23rd. Hecla Mining's dividend payout ratio (DPR) is currently 9.09%.

Insider Activity at Hecla Mining

In related news, VP Stuart Maurice Absolom sold 18,926 shares of the company's stock in a transaction on 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine J. Boggs purchased 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $4.99 per share, with a total value of $99,800.00. Following the purchase, the director now owns 348,169 shares in the company, valued at $1,737,363.31. This trade 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 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.