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 shares of Hecla Mining (NYSE:HL - Free Report) in the 4th quarter, according to 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.

Other institutional investors also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new stake in Hecla Mining in the 4th quarter valued at approximately $25,000. Principal Securities Inc. acquired a new stake in Hecla Mining in the 4th quarter valued at approximately $25,000. Blue Trust Inc. increased its position in Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 1,961 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Hecla Mining in the 4th quarter valued at approximately $44,000. Finally, Haven Private LLC acquired a new stake in Hecla Mining in the 4th quarter valued at approximately $49,000. 63.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on HL shares. National Bank Financial upgraded Hecla Mining to a "hold" rating in a research report on Friday, March 21st. Wall Street Zen upgraded Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Roth Mkm decreased their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, February 18th. HC Wainwright reaffirmed a "buy" rating and set a $11.50 price target on shares of Hecla Mining in a research note on Friday, February 14th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $5.50 price target (down from $7.50) on shares of Hecla Mining in a research note on Monday, May 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $7.13.

Insider Activity

In related 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 price of $4.99 per share, for a total transaction of $99,800.00. Following the transaction, the director now owns 348,169 shares of the company's stock, valued at approximately $1,737,363.31. The trade was a 6.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.62% of the company's stock.

Hecla Mining Price Performance

NYSE HL traded down $0.01 on Friday, reaching $5.15. 11,704,717 shares of the stock traded hands, compared to its average volume of 14,301,474. The firm's fifty day simple moving average is $5.32 and its 200 day simple moving average is $5.43. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 103.02 and a beta of 1.57. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly 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 firm 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 business posted ($0.01) earnings per share. The business's revenue for the quarter was up 37.9% compared to the same quarter last year. As a group, research analysts predict that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

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

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.