Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Takes Position in Hecla Mining (NYSE:HL)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of Hecla Mining (NYSE:HL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ameliora Wealth Management Ltd. purchased a new stake in shares of Hecla Mining in the fourth quarter worth approximately $25,000. Principal Securities Inc. bought a new stake in Hecla Mining during the fourth quarter worth approximately $25,000. Blue Trust Inc. lifted 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 last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Hecla Mining during the 4th quarter worth $44,000. Finally, Haven Private LLC acquired a new position in Hecla Mining in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Hecla Mining Stock Performance

Shares of NYSE HL traded down $0.02 during mid-day trading on Thursday, hitting $5.25. The company had a trading volume of 6,500,748 shares, compared to its average volume of 14,237,393. The business's 50-day simple moving average is $5.35 and its 200-day simple moving average is $5.43. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The firm has a market cap of $3.32 billion, a P/E ratio of 104.92 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 announced its quarterly earnings data 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). The business had revenue of $261.34 million during the quarter, compared to analyst estimates of $238.50 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The company's quarterly revenue was up 37.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) EPS. As a group, analysts predict that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

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 dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, May 23rd. Hecla Mining's dividend payout ratio (DPR) is currently 9.09%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Hecla Mining news, Director Catherine J. Boggs acquired 20,000 shares of Hecla Mining stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of $4.99 per share, with a total value of $99,800.00. Following the completion of the purchase, the director now owns 348,169 shares in the company, valued at $1,737,363.31. This trade represents a 6.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

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.