PKO Investment Management Joint Stock Co Takes $1.45 Million Position in Hecla Mining (NYSE:HL)

PKO Investment Management Joint Stock Co bought a new stake in Hecla Mining (NYSE:HL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 295,500 shares of the basic materials company's stock, valued at approximately $1,451,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Hecla Mining by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company's stock valued at $301,440,000 after acquiring an additional 774,000 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Hecla Mining by 100.5% in the 4th quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock valued at $77,999,000 after buying an additional 7,960,826 shares during the period. Geode Capital Management LLC grew its stake in shares of Hecla Mining by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 13,904,662 shares of the basic materials company's stock valued at $68,289,000 after buying an additional 39,421 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Hecla Mining by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company's stock valued at $35,453,000 after purchasing an additional 502,094 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in 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 purchasing an additional 289,865 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on HL. Roth Mkm dropped their target price on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a research report on Friday, March 21st. TD Securities dropped their target price 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, May 5th. Wall Street Zen raised shares of Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $5.50 target price (down previously from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.13.

Hecla Mining Stock Performance

Shares of NYSE:HL traded down $0.01 during mid-day trading on Friday, reaching $5.15. The company had a trading volume of 11,704,717 shares, compared to its average volume of 14,309,494. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 103.02 and a beta of 1.57. The company's 50-day moving average price is $5.32 and its 200-day moving average price is $5.42. Hecla Mining has a one year low of $4.41 and a one year 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). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The business had revenue of $261.34 million for the quarter, compared to the consensus estimate of $238.50 million. During the same period in the previous year, the firm earned ($0.01) EPS. The company's revenue was up 37.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.0038 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.02 dividend on an annualized basis and a yield of 0.29%. Hecla Mining's payout ratio is 9.09%.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, Director Catherine J. Boggs bought 20,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were acquired at an average price of $4.99 per share, with a total value of $99,800.00. Following the acquisition, the director now directly owns 348,169 shares of the company's stock, valued at $1,737,363.31. The trade was a 6.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.62% of the company's stock.

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.