Hecla Mining Company (NYSE:HL) Shares Bought by Xponance Inc.

Xponance Inc. boosted its position in shares of Hecla Mining Company (NYSE:HL) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,092 shares of the basic materials company’s stock after buying an additional 2,525 shares during the period. Xponance Inc.’s holdings in Hecla Mining were worth $251,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HL. PFG Investments LLC acquired a new position in shares of Hecla Mining in the first quarter valued at approximately $56,000. Ground Swell Capital LLC acquired a new position in shares of Hecla Mining in the fourth quarter valued at approximately $57,000. CTC Alternative Strategies Ltd. acquired a new position in shares of Hecla Mining in the fourth quarter valued at approximately $59,000. CIBC Private Wealth Group LLC acquired a new position in shares of Hecla Mining in the fourth quarter valued at approximately $60,000. Finally, Continuum Advisory LLC boosted its stake in shares of Hecla Mining by 117.6% in the first quarter. Continuum Advisory LLC now owns 11,574 shares of the basic materials company’s stock valued at $64,000 after buying an additional 6,255 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. CIBC raised their target price on Hecla Mining from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. National Bank Financial upgraded Hecla Mining to a “hold” rating in a research report on Thursday, June 12th. TD Securities decreased their target price on 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 from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. Finally, Roth Capital reiterated a “neutral” rating and set a $6.00 target price on shares of Hecla Mining in a research report on Tuesday, July 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Hecla Mining currently has a consensus rating of “Hold” and an average price target of $7.07.

Insider Buying and Selling

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

Hecla Mining Stock Performance

Hecla Mining stock opened at $5.81 on Friday. The stock’s 50-day moving average is $5.70 and its 200-day moving average is $5.57. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 52.82 and a beta of 1.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 0.75. Hecla Mining Company has a 12 month low of $4.41 and a 12 month 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 return on equity of 3.87% and a net margin of 7.13%. The firm had revenue of $261.34 million for the quarter, compared to analyst estimates of $238.50 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. Equities analysts anticipate that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 dividend on an annualized basis and a yield of 0.26%. Hecla Mining’s dividend payout ratio (DPR) is presently 9.09%.

About Hecla Mining

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.