KBC Group NV grew its holdings in Hecla Mining (NYSE:HL) by 322.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 589,980 shares of the basic materials company’s stock after buying an additional 450,273 shares during the quarter. KBC Group NV’s holdings in Hecla Mining were worth $2,343,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. raised its holdings in Hecla Mining by 15.6% during the second quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 3,143 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Hecla Mining by 2.2% during the second quarter. New York State Common Retirement Fund now owns 402,500 shares of the basic materials company’s stock worth $2,053,000 after purchasing an additional 8,499 shares during the last quarter. California Public Employees Retirement System raised its holdings in Hecla Mining by 2.6% during the second quarter. California Public Employees Retirement System now owns 712,328 shares of the basic materials company’s stock worth $3,633,000 after purchasing an additional 17,900 shares during the last quarter. Advisor Group Inc. raised its holdings in Hecla Mining by 148.1% during the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock worth $142,000 after purchasing an additional 16,561 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Hecla Mining during the second quarter worth $377,000. 57.99% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. BMO Capital Markets reaffirmed a “hold” rating on shares of Hecla Mining in a report on Wednesday, November 8th. B. Riley reaffirmed a “neutral” rating on shares of Hecla Mining in a report on Wednesday, November 1st. HC Wainwright reaffirmed a “buy” rating and set a $8.50 price objective on shares of Hecla Mining in a report on Friday, November 3rd. Zacks Investment Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, January 12th. Finally, ValuEngine downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.64.
Hecla Mining (HL) opened at $3.75 on Wednesday. The company has a current ratio of 2.86, a quick ratio of 2.37 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1,589.60, a price-to-earnings ratio of 49.75, a price-to-earnings-growth ratio of 26.10 and a beta of 0.25. Hecla Mining has a 1 year low of $3.38 and a 1 year high of $6.72.
Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $160.10 million during the quarter, compared to the consensus estimate of $156.85 million. Hecla Mining had a positive return on equity of 2.17% and a negative net margin of 4.07%. Hecla Mining’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. sell-side analysts forecast that Hecla Mining will post 0.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, March 6th will be given a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.27%. The ex-dividend date is Monday, March 5th. Hecla Mining’s payout ratio is -16.67%.
In other Hecla Mining news, CEO Phillips S. Baker, Jr. acquired 13,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was acquired at an average price of $3.76 per share, with a total value of $48,880.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theodore Crumley acquired 10,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of $3.49 per share, with a total value of $34,900.00. Following the transaction, the director now owns 126,536 shares of the company’s stock, valued at $441,610.64. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.
Hecla Mining Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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