Baader Bank Aktiengesellschaft Buys New Holdings in Hecla Mining Company (NYSE:HL)

Baader Bank Aktiengesellschaft purchased a new position in Hecla Mining Company (NYSE:HL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 37,034 shares of the basic materials company’s stock, valued at approximately $198,000.

A number of other large investors have also bought and sold shares of HL. JPMorgan Chase & Co. grew its stake in shares of Hecla Mining by 20.3% in the fourth 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. increased its stake in shares of Hecla Mining by 1.3% during 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 buying an additional 774,000 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Hecla Mining during the fourth quarter valued at approximately $1,640,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Hecla Mining by 8.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,578,828 shares of the basic materials company’s stock valued at $7,752,000 after acquiring an additional 127,756 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Hecla Mining by 38.5% in the fourth quarter. Deutsche Bank AG now owns 1,307,305 shares of the basic materials company’s stock worth $6,419,000 after acquiring an additional 363,554 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HL has been the subject of several research reports. National Bank Financial upgraded shares of Hecla Mining to a “hold” rating in a report on Thursday, June 12th. BMO Capital Markets reaffirmed a “market perform” rating and set a $5.50 price objective (down from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. National Bankshares set a $7.00 price target on Hecla Mining in a research report on Friday, June 13th. TD Securities lowered their price target 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, Roth Capital reissued a “neutral” rating and set a $6.00 price objective on shares of Hecla Mining in a research note on Tuesday, July 1st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Hecla Mining presently has a consensus rating of “Hold” and an average target price of $7.07.

Insider Activity

In other news, Director Catherine J. Boggs purchased 20,000 shares of Hecla Mining stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of $4.99 per share, with a total value of $99,800.00. Following the completion of the transaction, the director directly owned 348,169 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stuart Maurice Absolom sold 18,926 shares of the company’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 directly owned 59,410 shares in the company, valued at $395,670.60. This trade represents 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 currently owned by insiders.

Hecla Mining Trading Down 1.5%

NYSE HL opened at $5.75 on Friday. Hecla Mining Company has a 12 month low of $4.41 and a 12 month high of $7.68. The company has a current ratio of 1.43, a quick ratio of 0.75 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average price is $5.90 and its 200-day moving average price is $5.62. The stock has a market cap of $3.63 billion, a P/E ratio of 52.23 and a beta of 1.47.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (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 during the quarter, compared to the consensus estimate of $238.50 million. During the same quarter in the previous year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was up 37.9% on a year-over-year basis. As a group, equities analysts forecast that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

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.