Hecla Mining (NYSE:HL) Stock Holdings Lifted by Stifel Financial Corp

Stifel Financial Corp boosted its position in Hecla Mining (NYSE:HL - Free Report) by 1,246.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,084 shares of the basic materials company's stock after buying an additional 149,119 shares during the quarter. Stifel Financial Corp's holdings in Hecla Mining were worth $791,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HL. Blue Trust Inc. raised its position in shares of Hecla Mining by 30.7% during the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock worth $41,000 after purchasing an additional 1,961 shares during the period. Arizona State Retirement System increased its position 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 worth $852,000 after buying an additional 2,297 shares during the period. Benin Management CORP increased its position 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 worth $161,000 after buying an additional 3,000 shares during the period. Oxbow Advisors LLC boosted its holdings in shares of Hecla Mining by 19.0% during the fourth quarter. Oxbow Advisors LLC now owns 22,203 shares of the basic materials company's stock valued at $109,000 after acquiring an additional 3,548 shares during the period. Finally, Xponance Inc. grew its position in shares of Hecla Mining by 9.9% during the fourth quarter. Xponance Inc. now owns 42,567 shares of the basic materials company's stock worth $209,000 after acquiring an additional 3,845 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HL. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Roth Mkm cut their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, February 18th. National Bank Financial raised Hecla Mining to a "hold" rating in a report on Friday, March 21st. BMO Capital Markets restated a "market perform" rating and issued a $5.50 target price (down from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. Finally, TD Securities reduced their price target on Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $7.20.

Insiders Place Their Bets

In other Hecla Mining news, Director Catherine J. Boggs acquired 20,000 shares of Hecla Mining stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost 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 approximately $1,737,363.31. The trade was a 6.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert Krcmarov bought 6,570 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the acquisition, the chief executive officer now directly owns 331,856 shares in the company, valued at $1,755,518.24. This trade represents a 2.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 57,915 shares of company stock worth $300,000. 0.62% of the stock is owned by insiders.

Hecla Mining Price Performance

NYSE:HL traded down $0.01 during midday trading on Thursday, hitting $4.79. 6,156,302 shares of the stock were exchanged, compared to its average volume of 14,115,564. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 95.72 and a beta of 1.57. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Hecla Mining has a one year low of $4.41 and a one year high of $7.68. The business has a 50-day moving average price of $5.48 and a two-hundred day moving average price of $5.52.

Hecla Mining (NYSE:HL - Get Free Report) last posted 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). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The firm had revenue of $261.34 million during the quarter, compared to the consensus estimate of $238.50 million. During the same period in the prior year, the firm posted ($0.01) EPS. The firm's quarterly revenue was up 37.9% on a year-over-year basis. Sell-side analysts predict that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be issued a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis 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%.

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.