BW Gestao de Investimentos Ltda. Purchases New Shares in Hecla Mining (NYSE:HL)

BW Gestao de Investimentos Ltda. acquired a new stake in Hecla Mining (NYSE:HL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 100,000 shares of the basic materials company's stock, valued at approximately $491,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its position in shares of Hecla Mining by 10.7% during the fourth quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company's stock worth $125,000 after purchasing an additional 2,457 shares in the last quarter. Algert Global LLC lifted its holdings 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 worth $1,067,000 after acquiring an additional 157,436 shares in the last quarter. Arrowroot Family Office LLC acquired a new position in Hecla Mining in the fourth quarter valued at about $108,000. Parvin Asset Management LLC acquired a new position in Hecla Mining in the fourth quarter valued at about $669,000. Finally, Northern Trust Corp increased its holdings in shares of Hecla Mining by 5.0% in the fourth quarter. Northern Trust Corp now owns 6,098,558 shares of the basic materials company's stock worth $29,944,000 after acquiring an additional 289,865 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analyst Weigh In

HL has been the subject of several research analyst reports. HC Wainwright reiterated a "buy" rating and issued a $11.50 price objective on shares of Hecla Mining in a research report on Friday, February 14th. BMO Capital Markets reiterated a "market perform" rating and issued a $5.50 price target (down previously from $7.50) on shares of Hecla Mining in a report on Monday. TD Securities dropped their price objective on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Monday. StockNews.com raised shares of Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. Finally, National Bank Financial raised Hecla Mining to a "hold" rating in a research note on Friday, March 21st. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $7.20.

Hecla Mining Stock Up 5.3 %

Shares of Hecla Mining stock traded up $0.26 during trading hours on Friday, reaching $5.18. 22,505,404 shares of the company's stock were exchanged, compared to its average volume of 13,993,143. The stock has a market cap of $3.28 billion, a P/E ratio of 103.62 and a beta of 1.57. The company has a 50 day moving average of $5.51 and a two-hundred day moving average of $5.58. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Hecla Mining has a fifty-two week low of $4.41 and a fifty-two week high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. 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 $261.34 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned ($0.01) earnings per share. On average, sell-side analysts forecast that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Friday, May 23rd. Hecla Mining's dividend payout ratio (DPR) is currently 9.09%.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, Director Catherine J. Boggs acquired 20,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $4.99 per share, with a total value of $99,800.00. Following the completion of the transaction, the director now directly owns 348,169 shares in the company, valued at approximately $1,737,363.31. This represents a 6.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert Krcmarov purchased 6,570 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the purchase, the chief executive officer now owns 331,856 shares in the company, valued at $1,755,518.24. This trade represents a 2.02 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 57,915 shares of company stock worth $300,000 over the last quarter. 0.62% of the stock is currently owned by 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.