Proficio Capital Partners LLC Invests $207,000 in Hecla Mining (NYSE:HL)

Proficio Capital Partners LLC purchased a new position in shares of Hecla Mining (NYSE:HL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,141 shares of the basic materials company’s stock, valued at approximately $207,000.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Hecla Mining by 30.7% during the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after buying an additional 1,961 shares during the period. KBC Group NV lifted its holdings in shares of Hecla Mining by 19.2% in the 3rd quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 2,909 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Hecla Mining by 28.6% in the 3rd quarter. MML Investors Services LLC now owns 13,229 shares of the basic materials company’s stock worth $88,000 after acquiring an additional 2,944 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Hecla Mining by 21.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 2,982 shares in the last quarter. Finally, Benin Management CORP grew its stake in shares of Hecla Mining by 10.1% in the 4th quarter. Benin Management CORP now owns 32,850 shares of the basic materials company’s stock worth $161,000 after acquiring an additional 3,000 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HL has been the subject of a number of recent analyst reports. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. HC Wainwright restated a “buy” rating and set a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. Roth Mkm dropped their target price on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, TD Securities downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating and decreased their price target for the stock from $6.50 to $5.50 in a research note on Tuesday. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.75.

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 9,195 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $47,630.10. Following the transaction, the vice president now directly owns 104,512 shares in the company, valued at approximately $541,372.16. This trade represents a 8.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Russell Douglas Lawlar sold 16,333 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $84,604.94. Following the completion of the sale, the chief financial officer now owns 297,983 shares of the company’s stock, valued at approximately $1,543,551.94. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,915 shares of company stock worth $300,000. Corporate insiders own 1.40% of the company’s stock.

Hecla Mining Trading Up 2.7 %

NYSE HL opened at $5.58 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. The stock has a 50 day simple moving average of $5.48 and a two-hundred day simple moving average of $5.84. The stock has a market cap of $3.52 billion, a P/E ratio of 111.52 and a beta of 1.94. Hecla Mining has a fifty-two week low of $4.04 and a fifty-two week high of $7.68.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The firm had revenue of $249.66 million during the quarter, compared to analysts’ expectations of $229.21 million. On average, analysts forecast that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.0038 per share. The ex-dividend date is Monday, March 10th. This represents a $0.02 annualized dividend and a dividend yield of 0.27%. Hecla Mining’s payout ratio is presently 20.00%.

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.