Neo Ivy Capital Management Invests $1.55 Million in Hecla Mining (NYSE:HL)

Neo Ivy Capital Management purchased a new position in Hecla Mining (NYSE:HL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 315,153 shares of the basic materials company's stock, valued at approximately $1,547,000. Neo Ivy Capital Management owned 0.05% of Hecla Mining as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Ameliora Wealth Management Ltd. bought a new stake in shares of Hecla Mining in the 4th quarter worth $25,000. Principal Securities Inc. purchased a new position in shares of Hecla Mining during the fourth quarter worth approximately $25,000. Blue Trust Inc. increased its stake in shares of Hecla Mining by 30.7% in the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock worth $41,000 after buying an additional 1,961 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Hecla Mining in the fourth quarter valued at $44,000. Finally, Haven Private LLC bought a new stake in Hecla Mining in the fourth quarter valued at $49,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Hecla Mining Price Performance

HL stock traded up $0.01 during midday trading on Thursday, hitting $5.27. The company's stock had a trading volume of 5,607,487 shares, compared to its average volume of 14,233,532. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68. 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 firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 105.32 and a beta of 1.57. The company has a 50 day moving average of $5.35 and a two-hundred day moving average of $5.43.

Hecla Mining (NYSE:HL - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.04 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 quarter in the prior year, the company posted ($0.01) earnings per share. The firm's revenue was up 37.9% compared to the same quarter last year. On average, analysts expect that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be given a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Friday, May 23rd. Hecla Mining's payout ratio is currently 9.09%.

Analyst Ratings Changes

A number of brokerages have recently commented on HL. BMO Capital Markets restated a "market perform" rating and set a $5.50 target price (down previously from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. TD Securities dropped their price target on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. National Bank Financial raised Hecla Mining to a "hold" rating in a research report on Friday, March 21st. HC Wainwright reaffirmed a "buy" rating and set a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. Finally, Wall Street Zen raised shares of Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Hecla Mining presently has an average rating of "Hold" and a consensus target price of $7.13.

Insiders Place Their Bets

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 acquired at an average cost of $4.99 per share, for a total transaction of $99,800.00. Following the completion of the transaction, the director now directly owns 348,169 shares of the company's stock, valued at $1,737,363.31. This represents a 6.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.