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

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in shares of Hecla Mining (NYSE:HL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 portfolio, making the stock its 15th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CTC Alternative Strategies Ltd. bought a new position in shares of Hecla Mining during the fourth quarter valued at $59,000. Neo Ivy Capital Management bought a new position in shares of Hecla Mining during the fourth quarter valued at $1,547,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Hecla Mining by 8.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,578,828 shares of the basic materials company's stock valued at $7,752,000 after acquiring an additional 127,756 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Hecla Mining by 185.0% during the fourth quarter. Two Sigma Advisers LP now owns 140,853 shares of the basic materials company's stock valued at $692,000 after acquiring an additional 91,424 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of Hecla Mining by 100.5% during the fourth quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock valued at $77,999,000 after acquiring an additional 7,960,826 shares during the period. 63.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HL shares. Wall Street Zen raised Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. HC Wainwright reissued a "buy" rating and set a $11.50 price objective on shares of Hecla Mining in a report on Friday, February 14th. National Bank Financial raised Hecla Mining to a "hold" rating in a report on Friday, March 21st. BMO Capital Markets reaffirmed a "market perform" rating and issued a $5.50 price target (down from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Finally, Roth Mkm cut their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a report on Tuesday, February 18th. 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.com, Hecla Mining currently has an average rating of "Hold" and an average target price of $7.13.

Insider Buying and Selling

In other news, Director Catherine J. Boggs acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased 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 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.62% of the company's stock.

Hecla Mining Price Performance

Shares of Hecla Mining stock traded up $0.03 during trading on Wednesday, reaching $5.25. The company's stock had a trading volume of 12,594,455 shares, compared to its average volume of 14,258,172. The stock has a 50-day moving average price of $5.36 and a two-hundred day moving average price of $5.43. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Hecla Mining has a one year low of $4.41 and a one year high of $7.68. The stock has a market capitalization of $3.32 billion, a P/E ratio of 105.02 and a beta of 1.57.

Hecla Mining (NYSE:HL - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $261.34 million during the quarter, compared to analyst estimates of $238.50 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. Hecla Mining's revenue for the quarter was up 37.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) earnings per share. As a group, sell-side analysts anticipate that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company 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 $0.0038 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.02 dividend on an annualized basis and a yield of 0.29%. Hecla Mining's payout ratio is 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.