Hecla Mining Company $HL Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. increased its holdings in shares of Hecla Mining Company (NYSE:HL) by 127.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 188,468 shares of the basic materials company’s stock after purchasing an additional 105,606 shares during the quarter. D.A. Davidson & CO.’s holdings in Hecla Mining were worth $2,280,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of Hecla Mining by 28.7% in the third quarter. GAMMA Investing LLC now owns 6,426 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 1,434 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Hecla Mining by 3.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 61,291 shares of the basic materials company’s stock valued at $367,000 after purchasing an additional 1,779 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in Hecla Mining by 1.5% in the second quarter. KLP Kapitalforvaltning AS now owns 125,800 shares of the basic materials company’s stock valued at $754,000 after purchasing an additional 1,900 shares during the period. USA Financial Formulas acquired a new position in shares of Hecla Mining during the third quarter worth about $25,000. Finally, California State Teachers Retirement System boosted its position in shares of Hecla Mining by 0.3% in the second quarter. California State Teachers Retirement System now owns 634,481 shares of the basic materials company’s stock worth $3,801,000 after buying an additional 2,203 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 148,372 shares of Hecla Mining stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $15.00, for a total value of $2,225,580.00. Following the completion of the transaction, the chief financial officer directly owned 347,402 shares in the company, valued at $5,211,030. The trade was a 29.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kurt Allen sold 52,219 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total value of $1,144,118.29. Following the completion of the sale, the vice president directly owned 216,641 shares in the company, valued at approximately $4,746,604.31. This trade represents a 19.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 426,679 shares of company stock worth $7,678,773 over the last ninety days. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HL shares. Wall Street Zen upgraded Hecla Mining from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Roth Capital set a $8.75 target price on shares of Hecla Mining and gave the stock a “sell” rating in a research report on Friday, October 3rd. HC Wainwright raised their price target on shares of Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a report on Thursday, November 6th. CIBC boosted their price objective on shares of Hecla Mining from $15.00 to $16.50 and gave the stock a “neutral” rating in a report on Tuesday, November 25th. Finally, Scotiabank began coverage on Hecla Mining in a research note on Thursday, November 13th. They set a “sector perform” rating and a $15.00 target price for the company. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.22.

Hecla Mining Price Performance

Shares of HL opened at $22.48 on Friday. Hecla Mining Company has a 52 week low of $4.46 and a 52 week high of $22.62. The company has a current ratio of 2.15, a quick ratio of 1.51 and a debt-to-equity ratio of 0.11. The firm has a market cap of $15.06 billion, a price-to-earnings ratio of 72.50 and a beta of 1.28. The stock has a 50 day moving average of $17.19 and a 200-day moving average of $11.92.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $409.54 million for the quarter, compared to analysts’ expectations of $315.60 million. Hecla Mining had a return on equity of 7.87% and a net margin of 16.35%.The firm’s revenue for the quarter was up 67.1% on a year-over-year basis. During the same period last year, the business posted $0.03 earnings per share. As a group, analysts forecast that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid a dividend of $0.0038 per share. The ex-dividend date was Monday, November 24th. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio is 3.23%.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.