Hecla Mining Company (NYSE:HL) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC cut its stake in Hecla Mining Company (NYSE:HL) by 25.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,796 shares of the basic materials company’s stock after selling 37,500 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Hecla Mining were worth $605,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Hecla Mining by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company’s stock worth $35,453,000 after buying an additional 502,094 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Hecla Mining in the 4th quarter worth approximately $1,640,000. JPMorgan Chase & Co. boosted its holdings in shares of Hecla Mining by 20.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,189,473 shares of the basic materials company’s stock worth $20,570,000 after purchasing an additional 707,712 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Hecla Mining by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company’s stock valued at $301,440,000 after purchasing an additional 774,000 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Hecla Mining by 202.4% in the fourth quarter. Private Advisor Group LLC now owns 76,151 shares of the basic materials company’s stock valued at $374,000 after purchasing an additional 50,969 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HL shares. 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. National Bank Financial raised shares of Hecla Mining to a “hold” rating in a research report on Thursday, June 12th. TD Securities cut 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. Finally, National Bankshares set a $7.00 target price on shares of Hecla Mining in a research note on Friday, June 13th. Four 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 presently has a consensus rating of “Hold” and a consensus target price of $7.10.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Stuart Maurice Absolom sold 18,926 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $6.66, for a total value of $126,047.16. Following the completion of the transaction, the vice president now owns 59,410 shares of the company’s stock, valued at $395,670.60. This trade represents a 24.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Catherine J. Boggs purchased 20,000 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $4.99 per share, with a total value of $99,800.00. Following the purchase, the director now owns 348,169 shares of the company’s stock, valued at approximately $1,737,363.31. This represents a 6.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.62% of the stock is owned by corporate insiders.

Hecla Mining Stock Performance

Shares of Hecla Mining stock opened at $5.94 on Thursday. The business’s fifty day simple moving average is $5.52 and its 200-day simple moving average is $5.47. The company has a quick ratio of 0.75, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.75 billion, a PE ratio of 53.96 and a beta of 1.44. Hecla Mining Company has a 52 week low of $4.41 and a 52 week high of $7.68.

Hecla Mining (NYSE:HL) last posted its earnings results 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 net margin of 7.13% and a return on equity of 3.87%. The company had revenue of $261.34 million during the quarter, compared to analyst estimates of $238.50 million. During the same period in the previous year, the company earned ($0.01) EPS. The company’s quarterly revenue was up 37.9% compared to the same quarter last year. Equities analysts forecast that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 23rd were issued a $0.0038 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.02 annualized dividend and a yield of 0.25%. Hecla Mining’s dividend payout ratio (DPR) is presently 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.