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

D.A. Davidson & CO. decreased its position in Hecla Mining Company (NYSE:HL) by 86.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,680 shares of the basic materials company’s stock after selling 135,604 shares during the period. D.A. Davidson & CO.’s holdings in Hecla Mining were worth $404,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its position in shares of Hecla Mining by 14.8% during the 3rd quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock valued at $417,278,000 after buying an additional 4,453,706 shares during the period. Tidal Investments LLC grew its position in Hecla Mining by 14.7% in the second quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock worth $120,509,000 after acquiring an additional 2,574,855 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Hecla Mining by 40.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock worth $102,144,000 after acquiring an additional 4,928,130 shares during the period. Geode Capital Management LLC increased its stake in Hecla Mining by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 16,620,647 shares of the basic materials company’s stock worth $319,000,000 after acquiring an additional 1,770,949 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Hecla Mining by 86.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company’s stock worth $244,003,000 after acquiring an additional 5,906,313 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HL. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, April 29th. HC Wainwright cut their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings lowered shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. Zacks Research raised shares of Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Finally, Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hecla Mining presently has a consensus rating of “Hold” and an average price target of $24.12.

Hecla Mining Trading Down 1.3%

NYSE HL opened at $15.12 on Friday. The firm’s fifty day moving average price is $15.91 and its 200 day moving average price is $19.48. Hecla Mining Company has a 12 month low of $5.62 and a 12 month high of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 36.87 and a beta of 1.29.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 EPS. On average, sell-side analysts expect that Hecla Mining Company will post 0.47 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were paid a $0.0038 dividend. This represents a $0.01 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, May 22nd. Hecla Mining’s payout ratio is currently 2.44%.

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.