Hecla Mining (NYSE:HL) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its position in Hecla Mining (NYSE:HL) by 38.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,307,305 shares of the basic materials company’s stock after buying an additional 363,554 shares during the quarter. Deutsche Bank AG owned about 0.21% of Hecla Mining worth $6,419,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Hecla Mining by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company’s stock worth $35,453,000 after purchasing an additional 502,094 shares during the period. Raymond James Financial Inc. acquired a new stake in Hecla Mining during the 4th quarter worth about $1,640,000. JPMorgan Chase & Co. lifted its stake in Hecla Mining by 20.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,189,473 shares of the basic materials company’s stock valued at $20,570,000 after buying an additional 707,712 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Hecla Mining by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company’s stock worth $301,440,000 after acquiring an additional 774,000 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Hecla Mining by 202.4% in the fourth quarter. Private Advisor Group LLC now owns 76,151 shares of the basic materials company’s stock worth $374,000 after buying an additional 50,969 shares during the period. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Trading Up 0.7%

NYSE:HL opened at $4.87 on Friday. The company’s 50 day moving average is $5.46 and its 200-day moving average is $5.49. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 97.32 and a beta of 1.57.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $261.34 million during the quarter, compared to the consensus estimate of $238.50 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business’s revenue was up 37.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.01) EPS. Equities analysts anticipate that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 23rd will be paid a $0.0038 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.31%. Hecla Mining’s payout ratio is presently 9.09%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Securities cut their price objective on Hecla Mining from $6.00 to $5.00 and set a “hold” rating for the company in a report on Monday, May 5th. Roth Mkm dropped their price objective on Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, February 18th. National Bank Financial raised shares of Hecla Mining to a “hold” rating in a research report on Friday, March 21st. BMO Capital Markets restated a “market perform” rating and set a $5.50 price target (down previously from $7.50) on shares of Hecla Mining in a research note on Monday, May 5th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $11.50 price objective on shares of Hecla Mining in a research note on Friday, February 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.20.

Insider Buying and Selling

In related news, CEO Robert Krcmarov acquired 6,570 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average price of $5.29 per share, with a total value of $34,755.30. Following the completion of the transaction, the chief executive officer now owns 331,856 shares of the company’s stock, valued at approximately $1,755,518.24. This represents a 2.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kurt Allen sold 9,195 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $47,630.10. Following the completion of the sale, the vice president now owns 104,512 shares of the company’s stock, valued at approximately $541,372.16. The trade was a 8.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,915 shares of company stock valued at $300,000. Insiders own 0.62% 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.