136,275 Shares in Hecla Mining (NYSE:HL) Bought by Parvin Asset Management LLC

Parvin Asset Management LLC purchased a new position in shares of Hecla Mining (NYSE:HL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 136,275 shares of the basic materials company’s stock, valued at approximately $669,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Hecla Mining by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company’s stock worth $301,440,000 after purchasing an additional 774,000 shares during the period. Geode Capital Management LLC boosted its position in Hecla Mining by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 13,904,662 shares of the basic materials company’s stock worth $68,289,000 after purchasing an additional 39,421 shares during the period. Charles Schwab Investment Management Inc. boosted its position in 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. Northern Trust Corp boosted its position in Hecla Mining by 5.0% during the fourth quarter. Northern Trust Corp now owns 6,098,558 shares of the basic materials company’s stock worth $29,944,000 after purchasing an additional 289,865 shares during the period. Finally, Marshall Wace LLP boosted its position in Hecla Mining by 182.4% during the fourth quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company’s stock worth $24,580,000 after purchasing an additional 3,233,116 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Trading Down 1.4 %

Shares of HL opened at $5.79 on Wednesday. The firm’s 50 day simple moving average is $5.53 and its 200 day simple moving average is $5.66. The company has a market capitalization of $3.66 billion, a P/E ratio of 115.82 and a beta of 1.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68.

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

Hecla Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, March 10th. Hecla Mining’s dividend payout ratio (DPR) is presently 20.00%.

Insiders Place Their Bets

In other Hecla Mining news, CEO Robert Krcmarov purchased 6,570 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were purchased at an average cost of $5.29 per share, with a total value of $34,755.30. Following the completion of the purchase, the chief executive officer now owns 331,856 shares of the company’s stock, valued at $1,755,518.24. The trade was a 2.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Russell Douglas Lawlar sold 16,333 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $84,604.94. Following the completion of the transaction, the chief financial officer now owns 297,983 shares in the company, valued at $1,543,551.94. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,915 shares of company stock valued at $300,000. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HL. StockNews.com raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. TD Securities downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating and lowered their price target for the stock from $6.50 to $5.50 in a report on Tuesday, March 11th. Roth Mkm lowered their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, February 18th. HC Wainwright reissued a “buy” rating and issued a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. Finally, National Bank Financial raised shares of Hecla Mining to a “hold” rating in a report on Friday, March 21st. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Hecla Mining has a consensus rating of “Moderate Buy” and a consensus price target of $7.75.

About Hecla Mining

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.