Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Invests $404,000 in Hecla Mining (NYSE:HL)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in shares of Hecla Mining (NYSE:HL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 82,300 shares of the basic materials company's stock, valued at approximately $404,000. Hecla Mining accounts for about 1.2% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 15th largest position.

Several other large investors have also modified their holdings of HL. Barclays PLC increased its holdings in shares of Hecla Mining by 317.4% in the 3rd quarter. Barclays PLC now owns 909,811 shares of the basic materials company's stock valued at $6,069,000 after acquiring an additional 691,862 shares during the period. Inspire Investing LLC boosted its position in Hecla Mining by 31.5% during the fourth quarter. Inspire Investing LLC now owns 81,360 shares of the basic materials company's stock valued at $399,000 after purchasing an additional 19,493 shares in the last quarter. Benin Management CORP boosted its position in Hecla Mining by 10.1% during the fourth quarter. Benin Management CORP now owns 32,850 shares of the basic materials company's stock valued at $161,000 after purchasing an additional 3,000 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in Hecla Mining by 36.8% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 146,296 shares of the basic materials company's stock valued at $718,000 after purchasing an additional 39,381 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd grew its stake in Hecla Mining by 146.7% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 60,620 shares of the basic materials company's stock valued at $298,000 after purchasing an additional 36,050 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

HL has been the subject of several analyst reports. Roth Mkm decreased their price target on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, February 18th. BMO Capital Markets reiterated a "market perform" rating and set a $5.50 price objective (down previously from $7.50) on shares of Hecla Mining in a research note on Monday, May 5th. HC Wainwright reissued a "buy" rating and set a $11.50 target price on shares of Hecla Mining in a research report on Friday, February 14th. Wall Street Zen raised shares of Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Finally, National Bank Financial raised Hecla Mining to a "hold" rating in a research report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Hecla Mining presently has an average rating of "Hold" and an average target price of $7.13.

Hecla Mining Stock Performance

Shares of Hecla Mining stock traded up $0.11 during midday trading on Tuesday, hitting $5.21. The company had a trading volume of 19,001,901 shares, compared to its average volume of 14,264,718. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 104.22 and a beta of 1.57. 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 fifty day simple moving average of $5.37 and a 200 day simple moving average of $5.43. 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 company had revenue of $261.34 million for the quarter, compared to analyst estimates of $238.50 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The company's revenue for the quarter was up 37.9% compared to the same quarter last year. As a group, analysts predict that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

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

Insider Buying and Selling

In related news, Director Catherine J. Boggs bought 20,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average price of $4.99 per share, for a total transaction of $99,800.00. Following the completion of the purchase, 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 accessible through this link. Also, CAO Michael L. Clary sold 32,387 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $167,764.66. Following the sale, the chief accounting officer now directly owns 246,440 shares in the company, valued at approximately $1,276,559.20. The trade was a 11.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,915 shares of company stock worth $300,000 in the last 90 days. Insiders own 0.62% of the company's stock.

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.