PFG Investments LLC Takes Position in Hecla Mining Company (NYSE:HL)

PFG Investments LLC bought a new position in shares of Hecla Mining Company (NYSE:HL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,126 shares of the basic materials company’s stock, valued at approximately $56,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. acquired a new position in shares of Hecla Mining in the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in Hecla Mining in the fourth quarter valued at about $44,000. Haven Private LLC acquired a new position in Hecla Mining in the fourth quarter valued at about $49,000. Ground Swell Capital LLC bought a new stake in shares of Hecla Mining in the fourth quarter worth about $57,000. Finally, Schnieders Capital Management LLC acquired a new stake in shares of Hecla Mining during the fourth quarter worth about $59,000. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HL. National Bank Financial upgraded 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 on the stock in a research report on Monday, May 5th. 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 report on Monday, May 5th. Finally, National Bankshares set a $7.00 price target on Hecla Mining in a research note on Friday, June 13th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.10.

Hecla Mining Stock Up 3.0%

Shares of HL stock opened at $6.01 on Friday. The firm’s fifty day moving average price is $5.53 and its two-hundred day moving average price is $5.48. The company has a current ratio of 1.43, a quick ratio of 0.75 and a debt-to-equity ratio of 0.25. Hecla Mining Company has a 1 year low of $4.41 and a 1 year high of $7.68. The firm has a market capitalization of $3.80 billion, a P/E ratio of 54.60 and a beta of 1.44.

Hecla Mining (NYSE:HL) last released its 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 for the quarter, compared to the consensus estimate of $238.50 million. Hecla Mining had a return on equity of 3.87% and a net margin of 7.13%. The business’s revenue was up 37.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.01) EPS. On average, equities analysts predict that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.0038 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.25%. Hecla Mining’s dividend payout ratio is presently 9.09%.

Insider Activity

In other Hecla Mining news, Director Catherine J. Boggs purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $4.99 per share, for a total transaction 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Stuart Maurice Absolom sold 18,926 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $6.66, for a total transaction of $126,047.16. Following the completion of the transaction, the vice president now directly owns 59,410 shares in the company, valued at $395,670.60. The trade was a 24.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

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.