Hecla Mining (NYSE:HL) Shares Purchased by Algert Global LLC

Algert Global LLC lifted its stake in Hecla Mining (NYSE:HL - Free Report) by 263.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 217,282 shares of the basic materials company's stock after acquiring an additional 157,436 shares during the quarter. Algert Global LLC's holdings in Hecla Mining were worth $1,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new position in shares of Hecla Mining in the 4th quarter valued at $25,000. GAMMA Investing LLC grew its stake in shares of Hecla Mining by 771.8% in the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company's stock valued at $25,000 after buying an additional 4,438 shares during the period. Principal Securities Inc. acquired a new position in Hecla Mining during the 4th quarter valued at about $25,000. Blue Trust Inc. boosted its stake in Hecla Mining by 30.7% during the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 1,961 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Hecla Mining during the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 16,333 shares of the company's stock in a transaction dated 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 owns 297,983 shares in the company, valued at approximately $1,543,551.94. This represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Catherine J. Boggs acquired 20,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was purchased at an average price of $4.99 per share, with a total value of $99,800.00. Following the transaction, the director now owns 348,169 shares of the company's stock, valued at approximately $1,737,363.31. This trade represents a 6.09% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 57,915 shares of company stock valued at $300,000. 0.62% of the stock is owned by insiders.

Hecla Mining Stock Up 0.5%

Shares of NYSE HL traded up $0.03 during trading hours on Friday, hitting $4.86. 6,071,094 shares of the stock were exchanged, compared to its average volume of 14,135,903. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.07 billion, a PE ratio of 96.92 and a beta of 1.57. The firm has a fifty day moving average price of $5.47 and a 200-day moving average price of $5.51. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68.

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 for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The company had revenue of $261.34 million for 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 quarterly revenue was up 37.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. On average, sell-side analysts expect that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Friday, May 23rd. Hecla Mining's payout ratio is 9.09%.

Wall Street Analysts Forecast Growth

Several research firms have commented on HL. StockNews.com raised shares of Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. 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. BMO Capital Markets restated 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. Roth Mkm cut their target price on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Finally, TD Securities lowered 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.20.

Hecla Mining Company 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.