D.A. Davidson & CO. Decreases Position in Hecla Mining (NYSE:HL)

D.A. Davidson & CO. cut its stake in Hecla Mining (NYSE:HLFree Report) by 69.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,774 shares of the basic materials company’s stock after selling 38,550 shares during the quarter. D.A. Davidson & CO.’s holdings in Hecla Mining were worth $81,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new position in Hecla Mining in the 4th quarter worth approximately $72,000. Banco Santander S.A. lifted its stake in Hecla Mining by 15.6% in the 3rd quarter. Banco Santander S.A. now owns 18,687 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 2,525 shares in the last quarter. Keybank National Association OH purchased a new position in Hecla Mining in the 3rd quarter worth approximately $76,000. SG Americas Securities LLC purchased a new position in Hecla Mining in the 4th quarter worth approximately $76,000. Finally, Sigma Planning Corp lifted its stake in Hecla Mining by 22.0% in the 3rd quarter. Sigma Planning Corp now owns 19,887 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 3,586 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Stock Up 0.7 %

Hecla Mining stock opened at $5.89 on Friday. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.67. The firm has a 50 day moving average price of $5.30 and a 200 day moving average price of $4.63. The company has a market capitalization of $3.69 billion, a PE ratio of -39.27 and a beta of 2.21.

Hecla Mining (NYSE:HLGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Hecla Mining had a negative net margin of 12.22% and a negative return on equity of 0.28%. The company had revenue of $189.53 million during the quarter, compared to analysts’ expectations of $190.31 million. Research analysts expect that Hecla Mining will post 0.04 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 11th. Shareholders of record on Friday, May 24th will be given a $0.006 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.02 annualized dividend and a yield of 0.41%. Hecla Mining’s dividend payout ratio is presently -20.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. CIBC raised their target price on shares of Hecla Mining from $6.75 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Roth Mkm raised their price target on shares of Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. National Bank Financial restated an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a report on Thursday, May 9th. Finally, Cibc World Mkts upgraded shares of Hecla Mining to a “hold” rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Hecla Mining has an average rating of “Moderate Buy” and a consensus target price of $6.97.

Read Our Latest Stock Report on Hecla Mining

About Hecla Mining

(Free Report)

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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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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