Hecla Mining (NYSE:HL) Stock Holdings Decreased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its stake in shares of Hecla Mining (NYSE:HL - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,757,516 shares of the basic materials company's stock after selling 611,598 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.71% of Hecla Mining worth $52,819,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of HL. Wealthfront Advisers LLC acquired a new stake in shares of Hecla Mining during the 4th quarter worth approximately $18,441,000. Marshall Wace LLP boosted its position in Hecla Mining by 182.4% in the 4th quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company's stock valued at $24,580,000 after buying an additional 3,233,116 shares during the period. Jefferies Financial Group Inc. lifted its position in shares of Hecla Mining by 1,331.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 1,997,790 shares of the basic materials company's stock worth $9,809,000 after purchasing an additional 1,858,271 shares during the last quarter. Norges Bank purchased a new stake in shares of Hecla Mining during the 4th quarter worth $7,855,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Hecla Mining in the fourth quarter valued at $4,984,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HL. HC Wainwright reissued a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. Roth Mkm decreased their price objective on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, February 18th. TD Securities reduced their price target on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Monday, May 5th. BMO Capital Markets reissued a "market perform" rating and set a $5.50 price objective (down previously from $7.50) on shares of Hecla Mining in a research note on Monday, May 5th. Finally, National Bank Financial raised shares of Hecla Mining to a "hold" rating in a research note on Friday, March 21st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.20.

Hecla Mining Stock Up 0.7%

Hecla Mining stock traded up $0.04 during midday trading on Friday, hitting $4.87. 17,531,003 shares of the company were exchanged, compared to its average volume of 14,192,280. The company's fifty day moving average price is $5.46 and its 200-day moving average price is $5.49. The company has a market cap of $3.08 billion, a PE ratio of 97.32 and a beta of 1.57. Hecla Mining has a fifty-two week low of $4.41 and a fifty-two week high of $7.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55.

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 for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The firm had revenue of $261.34 million for the quarter, compared to analyst estimates of $238.50 million. During the same period in the previous year, the business posted ($0.01) earnings per share. Hecla Mining's revenue for the quarter was up 37.9% on a year-over-year basis. On average, research analysts predict that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

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

Insider Transactions at Hecla Mining

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 16,333 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $84,604.94. Following the transaction, the chief financial officer now owns 297,983 shares of the company's stock, valued at approximately $1,543,551.94. This trade represents a 5.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Catherine J. Boggs acquired 20,000 shares of the stock in a transaction dated 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 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. In the last three months, insiders have sold 57,915 shares of company stock worth $300,000. 0.62% of the stock is currently owned by insiders.

About Hecla Mining

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.