Algert Global LLC lifted its position in Hecla Mining (NYSE:HL - Free Report) by 263.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,282 shares of the basic materials company's stock after acquiring an additional 157,436 shares during the period. Algert Global LLC's holdings in Hecla Mining were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its position 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 valued at $41,000 after purchasing an additional 1,961 shares in the last quarter. Arizona State Retirement System grew its holdings in Hecla Mining by 1.3% in the 4th quarter. Arizona State Retirement System now owns 173,616 shares of the basic materials company's stock valued at $852,000 after buying an additional 2,297 shares in the last quarter. Benin Management CORP increased its stake in shares of Hecla Mining by 10.1% in the 4th quarter. Benin Management CORP now owns 32,850 shares of the basic materials company's stock worth $161,000 after acquiring an additional 3,000 shares during the last quarter. Oxbow Advisors LLC raised its holdings in shares of Hecla Mining by 19.0% during the 4th quarter. Oxbow Advisors LLC now owns 22,203 shares of the basic materials company's stock worth $109,000 after acquiring an additional 3,548 shares during the period. Finally, Xponance Inc. boosted its position in shares of Hecla Mining by 9.9% during the 4th quarter. Xponance Inc. now owns 42,567 shares of the basic materials company's stock valued at $209,000 after acquiring an additional 3,845 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, CAO Michael L. Clary sold 32,387 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $167,764.66. Following the completion of the transaction, the chief accounting officer now 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Catherine J. Boggs purchased 20,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was acquired 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 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 disclosure for this purchase can be found here. Insiders have sold a total of 57,915 shares of company stock worth $300,000 in the last quarter. 0.62% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have commented on HL. BMO Capital Markets reaffirmed a "market perform" rating and set a $5.50 target price (down from $7.50) on shares of Hecla Mining in a research note on Monday, May 5th. Roth Mkm reduced their price target on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. TD Securities lowered 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. StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Finally, National Bank Financial upgraded Hecla Mining to a "hold" rating in a report on Friday, March 21st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.20.
Check Out Our Latest Research Report on Hecla Mining
Hecla Mining Stock Performance
Shares of Hecla Mining stock opened at $5.16 on Friday. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 103.22 and a beta of 1.57. 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 business has a 50-day moving average of $5.51 and a 200 day moving average of $5.56. 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 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 revenue for the quarter was up 37.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) EPS. As a group, sell-side analysts forecast that Hecla Mining will post 0.21 earnings per share for the current year.
Hecla Mining Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be paid a dividend of $0.0038 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.02 annualized dividend and a yield of 0.29%. Hecla Mining's payout ratio is 9.09%.
Hecla Mining Company Profile
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Free Report)
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.
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