Hecla Mining (NYSE:HL) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its position in shares of Hecla Mining (NYSE:HL - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,098,558 shares of the basic materials company's stock after buying an additional 289,865 shares during the period. Northern Trust Corp owned about 0.97% of Hecla Mining worth $29,944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HL. Blue Trust Inc. raised its stake in shares of Hecla Mining by 30.7% in the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 1,961 shares in the last quarter. Arizona State Retirement System raised its stake in Hecla Mining by 1.3% in the fourth quarter. Arizona State Retirement System now owns 173,616 shares of the basic materials company's stock valued at $852,000 after buying an additional 2,297 shares in the last quarter. Benin Management CORP raised its stake in Hecla Mining by 10.1% in the fourth quarter. Benin Management CORP now owns 32,850 shares of the basic materials company's stock valued at $161,000 after buying an additional 3,000 shares in the last quarter. Oxbow Advisors LLC raised its stake in Hecla Mining by 19.0% in the fourth quarter. Oxbow Advisors LLC now owns 22,203 shares of the basic materials company's stock valued at $109,000 after buying an additional 3,548 shares in the last quarter. Finally, Xponance Inc. raised its stake in Hecla Mining by 9.9% in the fourth quarter. Xponance Inc. now owns 42,567 shares of the basic materials company's stock valued at $209,000 after buying an additional 3,845 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HL has been the topic of a number of research analyst reports. BMO Capital Markets reiterated 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. TD Securities cut their target price on Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. National Bank Financial upgraded Hecla Mining to a "hold" rating in a research report on Friday, March 21st. Roth Mkm cut their target price on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.20.

Insider Buying and Selling

In other news, Director Catherine J. Boggs acquired 20,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was bought at an average cost of $4.99 per share, with a total value of $99,800.00. Following the transaction, the director now directly owns 348,169 shares in the company, valued at approximately $1,737,363.31. This represents a 6.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kurt Allen sold 9,195 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $47,630.10. Following the transaction, the vice president now directly owns 104,512 shares in the company, valued at $541,372.16. The trade was a 8.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 57,915 shares of company stock valued at $300,000. Company insiders own 0.62% of the company's stock.

Hecla Mining Trading Up 0.3%

HL traded up $0.02 during trading on Friday, hitting $4.85. The company's stock had a trading volume of 4,910,059 shares, compared to its average volume of 14,130,872. The firm's 50 day moving average price is $5.47 and its 200-day moving average price is $5.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The stock has a market cap of $3.06 billion, a PE ratio of 96.92 and a beta of 1.57. Hecla Mining has a twelve month low of $4.41 and a twelve month high of $7.68.

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

Hecla Mining Announces Dividend

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