BW Gestao de Investimentos Ltda. Takes $491,000 Position in Hecla Mining (NYSE:HL)

BW Gestao de Investimentos Ltda. purchased a new stake in shares of Hecla Mining (NYSE:HL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 100,000 shares of the basic materials company's stock, valued at approximately $491,000.

A number of other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in shares of Hecla Mining by 10.7% in the fourth quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company's stock valued at $125,000 after purchasing an additional 2,457 shares in the last quarter. Algert Global LLC lifted its position in Hecla Mining by 263.1% during the fourth quarter. Algert Global LLC now owns 217,282 shares of the basic materials company's stock valued at $1,067,000 after purchasing an additional 157,436 shares during the last quarter. Arrowroot Family Office LLC purchased a new position in shares of Hecla Mining in the 4th quarter worth $108,000. Parvin Asset Management LLC bought a new stake in shares of Hecla Mining in the 4th quarter worth about $669,000. Finally, Northern Trust Corp raised its position in shares of Hecla Mining by 5.0% during the 4th quarter. Northern Trust Corp now owns 6,098,558 shares of the basic materials company's stock valued at $29,944,000 after buying an additional 289,865 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HL. Roth Mkm reduced their price objective on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. National Bank Financial raised Hecla Mining to a "hold" rating in a research report on Friday, March 21st. BMO Capital Markets restated a "market perform" rating and issued a $5.50 price target (down from $7.50) on shares of Hecla Mining in a research report on Monday. TD Securities cut their price objective on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a research report on Monday. Finally, HC Wainwright reissued a "buy" rating and issued a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $7.20.

Hecla Mining Trading Up 3.0 %

HL traded up $0.15 during trading hours on Tuesday, reaching $4.94. 32,849,990 shares of the company's stock traded hands, compared to its average volume of 13,848,717. The firm has a 50-day moving average price of $5.52 and a 200 day moving average price of $5.61. The firm has a market capitalization of $3.12 billion, a PE ratio of 98.72 and a beta of 1.57. 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 52-week low of $4.41 and a 52-week high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The company had revenue of $261.34 million for the quarter, compared to analysts' expectations of $238.50 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The firm's revenue for the quarter was up 37.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) earnings per share. As a group, sell-side analysts predict that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 yield of 0.30%. Hecla Mining's dividend payout ratio is currently 9.09%.

Insider Transactions at Hecla Mining

In other Hecla Mining news, 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 transaction, the vice president now directly owns 104,512 shares in the company, valued at $541,372.16. This represents a 8.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Russell Douglas Lawlar sold 16,333 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction 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. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,915 shares of company stock valued at $300,000. 0.62% of the stock is currently owned by company insiders.

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.