TIAA Trust National Association Sells 17,480 Shares of Hecla Mining (NYSE:HL)

TIAA Trust National Association lessened its stake in shares of Hecla Mining (NYSE:HL) by 53.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,020 shares of the basic materials company’s stock after selling 17,480 shares during the period. TIAA Trust National Association’s holdings in Hecla Mining were worth $73,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HL. Rhumbline Advisers lifted its stake in Hecla Mining by 1.1% in the second quarter. Rhumbline Advisers now owns 985,006 shares of the basic materials company’s stock worth $4,777,000 after purchasing an additional 10,513 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Hecla Mining during the 2nd quarter worth approximately $153,000. Commonwealth Equity Services LLC boosted its holdings in Hecla Mining by 12.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 81,580 shares of the basic materials company’s stock valued at $396,000 after acquiring an additional 9,307 shares during the period. Innealta Capital LLC bought a new position in Hecla Mining in the 2nd quarter valued at $41,000. Finally, K.J. Harrison & Partners Inc increased its stake in Hecla Mining by 688.7% in the second quarter. K.J. Harrison & Partners Inc now owns 236,616 shares of the basic materials company’s stock worth $1,148,000 after purchasing an additional 206,616 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 11,679 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $4.91, for a total transaction of $57,343.89. Following the completion of the sale, the chief financial officer now directly owns 393,894 shares of the company’s stock, valued at $1,934,019.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Hecla Mining news, CFO Russell Douglas Lawlar sold 11,679 shares of Hecla Mining stock in a transaction on Friday, June 21st. The shares were sold at an average price of $4.91, for a total value of $57,343.89. Following the transaction, the chief financial officer now directly owns 393,894 shares of the company’s stock, valued at $1,934,019.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael L. Clary sold 30,634 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total value of $150,412.94. Following the sale, the chief accounting officer now owns 351,972 shares of the company’s stock, valued at approximately $1,728,182.52. The disclosure for this sale can be found here. Insiders have sold 67,105 shares of company stock worth $329,486 over the last quarter. Insiders own 1.40% of the company’s stock.

Hecla Mining Price Performance

Shares of HL opened at $5.46 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 1.29. The company has a 50 day moving average price of $5.60 and a 200-day moving average price of $5.17. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.35. The stock has a market capitalization of $3.42 billion, a PE ratio of -36.37 and a beta of 2.00.

Hecla Mining (NYSE:HL) last posted its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. The company had revenue of $245.66 million during the quarter, compared to analyst estimates of $208.80 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Equities analysts predict that Hecla Mining will post 0.04 earnings per share for the current fiscal year.

Hecla Mining Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 26th were paid a $0.0138 dividend. This represents a $0.06 annualized dividend and a yield of 1.01%. The ex-dividend date was Monday, August 26th. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s payout ratio is -33.33%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HL shares. HC Wainwright reissued a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research note on Thursday, August 8th. CIBC upped their target price on shares of Hecla Mining from $6.75 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Roth Mkm reduced their target price on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Cibc World Mkts upgraded Hecla Mining to a “hold” rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hecla Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.13.

Hecla Mining Company 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.