D.A. Davidson & CO. Increases Holdings in Hecla Mining (NYSE:HL)

D.A. Davidson & CO. boosted its position in shares of Hecla Mining (NYSE:HL) by 1,615.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,619 shares of the basic materials company’s stock after buying an additional 249,195 shares during the period. D.A. Davidson & CO.’s holdings in Hecla Mining were worth $1,765,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Hecla Mining by 4.6% during the third quarter. The Manufacturers Life Insurance Company now owns 353,638 shares of the basic materials company’s stock worth $2,359,000 after buying an additional 15,598 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hecla Mining in the 3rd quarter valued at approximately $1,622,000. Kingsview Wealth Management LLC acquired a new position in shares of Hecla Mining in the third quarter valued at approximately $589,000. Citigroup Inc. raised its stake in shares of Hecla Mining by 221.0% during the third quarter. Citigroup Inc. now owns 632,744 shares of the basic materials company’s stock worth $4,220,000 after purchasing an additional 435,634 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Hecla Mining by 7.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company’s stock worth $44,813,000 after purchasing an additional 456,107 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Performance

NYSE:HL opened at $5.52 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.47 billion, a P/E ratio of -138.00 and a beta of 2.00. The firm has a 50-day moving average price of $6.35 and a two-hundred day moving average price of $5.89. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. Hecla Mining’s revenue was up 34.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) EPS. As a group, research analysts expect that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.0138 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.06 annualized dividend and a dividend yield of 1.00%. Hecla Mining’s dividend payout ratio is currently -125.00%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HL. StockNews.com downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Roth Mkm cut their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Securities cut their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, HC Wainwright restated a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $7.94.

Insider Transactions at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the sale, the vice president now owns 173,700 shares of the company’s stock, valued at $1,175,949. The trade was a 38.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

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.