Stifel Financial Corp Grows Stock Holdings in Hecla Mining (NYSE:HL)

Stifel Financial Corp grew its holdings in shares of Hecla Mining (NYSE:HL - Free Report) by 1,246.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 161,084 shares of the basic materials company's stock after purchasing 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.

Several other hedge funds have also made changes to their positions in HL. Ameliora Wealth Management Ltd. acquired a new stake in shares of Hecla Mining during the 4th quarter worth $25,000. GAMMA Investing LLC raised its holdings 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 worth $25,000 after purchasing an additional 4,438 shares during the period. Principal Securities Inc. acquired a new position in shares of Hecla Mining in the 4th quarter valued at about $25,000. Blue Trust Inc. grew its holdings 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. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Hecla Mining in the fourth quarter valued at approximately $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, CEO Robert Krcmarov purchased 6,570 shares of Hecla Mining stock in a transaction dated Wednesday, February 19th. The shares were bought at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the transaction, the chief executive officer now owns 331,856 shares in the company, valued at $1,755,518.24. This represents a 2.02 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Michael L. Clary sold 32,387 shares of the business'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 $167,764.66. Following the sale, the chief accounting officer now directly owns 246,440 shares of the company's stock, valued at approximately $1,276,559.20. This represents a 11.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,915 shares of company stock worth $300,000 over the last quarter. 0.62% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HL. HC Wainwright restated a "buy" rating and set a $11.50 target price on shares of Hecla Mining in a report on Friday, February 14th. National Bank Financial upgraded Hecla Mining to a "hold" rating in a research note on Friday, March 21st. Roth Mkm lowered their target price on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, February 18th. BMO Capital Markets reissued 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. Finally, TD Securities lowered their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.20.

Hecla Mining Stock Performance

Shares of HL opened at $5.16 on Friday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 103.22 and a beta of 1.57. 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 business's 50 day moving average is $5.51 and its two-hundred day moving average is $5.56. Hecla Mining has a 52-week low of $4.41 and a 52-week high of $7.68.

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

Hecla Mining Announces Dividend

The company 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 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, May 23rd. Hecla Mining's dividend payout ratio is currently 9.09%.

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.

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