PKO Investment Management Joint Stock Co Sells 55,000 Shares of Hecla Mining Company (NYSE:HL)

PKO Investment Management Joint Stock Co decreased its holdings in Hecla Mining Company (NYSE:HL - Free Report) by 18.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 240,500 shares of the basic materials company's stock after selling 55,000 shares during the quarter. PKO Investment Management Joint Stock Co's holdings in Hecla Mining were worth $1,337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. bought a new stake in shares of Hecla Mining during the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in Hecla Mining in the fourth quarter valued at about $44,000. Haven Private LLC acquired a new position in Hecla Mining in the fourth quarter valued at about $49,000. Ground Swell Capital LLC bought a new stake in Hecla Mining during the fourth quarter worth about $57,000. Finally, Schnieders Capital Management LLC acquired a new stake in Hecla Mining during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Insiders Place Their Bets

In related news, VP Stuart Maurice Absolom sold 18,926 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $6.66, for a total value of $126,047.16. Following the sale, the vice president now owns 59,410 shares of the company's stock, valued at $395,670.60. The trade was a 24.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Catherine J. Boggs bought 20,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were 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 owns 348,169 shares in the company, valued at $1,737,363.31. The trade was a 6.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.62% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on HL shares. TD Securities dropped their target price on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Monday, May 5th. National Bankshares set a $7.00 price objective on shares of Hecla Mining in a research note on Friday, June 13th. BMO Capital Markets restated a "market perform" rating and set a $5.50 price objective (down from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. Finally, National Bank Financial upgraded Hecla Mining to a "hold" rating in a research note on Thursday, June 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.10.

Hecla Mining Price Performance

Shares of HL stock traded down $0.19 on Friday, reaching $5.76. The company had a trading volume of 27,338,614 shares, compared to its average volume of 15,256,565. The business's 50-day moving average is $5.53 and its 200 day moving average is $5.47. The stock has a market capitalization of $3.64 billion, a PE ratio of 52.32 and a beta of 1.44. Hecla Mining Company has a one year low of $4.41 and a one year high of $7.68. The company has a quick ratio of 0.75, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

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 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 analyst estimates of $238.50 million. Hecla Mining had a net margin of 7.13% and a return on equity of 3.87%. The business's quarterly revenue was up 37.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) EPS. Equities research analysts forecast that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 23rd were given a dividend of $0.0038 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.02 dividend on an annualized basis and a yield of 0.26%. Hecla Mining's dividend payout ratio is currently 9.09%.

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.