Hecla Mining Company $HL Stock Position Decreased by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co cut its holdings in Hecla Mining Company (NYSE:HL) by 12.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 210,500 shares of the basic materials company’s stock after selling 30,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Hecla Mining were worth $1,261,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pale Fire Capital SE bought a new position in Hecla Mining in the 1st quarter valued at about $41,360,000. Nuveen LLC purchased a new stake in Hecla Mining in the first quarter worth approximately $18,410,000. MetLife Investment Management LLC boosted its stake in shares of Hecla Mining by 869.3% during the 1st quarter. MetLife Investment Management LLC now owns 3,274,065 shares of the basic materials company’s stock worth $18,204,000 after acquiring an additional 2,936,288 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Hecla Mining by 8.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,827,696 shares of the basic materials company’s stock valued at $160,285,000 after acquiring an additional 2,306,239 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Hecla Mining in the 1st quarter worth about $11,132,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Stuart Maurice Absolom sold 14,472 shares of Hecla Mining stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $11.29, for a total transaction of $163,388.88. Following the sale, the vice president directly owned 73,200 shares of the company’s stock, valued at approximately $826,428. The trade was a 16.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Hecla Mining Trading Up 0.1%

Shares of NYSE:HL opened at $12.95 on Friday. The company has a market cap of $8.67 billion, a PE ratio of 80.91 and a beta of 1.31. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average of $10.98 and a 200 day moving average of $7.61. Hecla Mining Company has a 12-month low of $4.46 and a 12-month high of $15.44.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $304.03 million during the quarter, compared to analyst estimates of $248.93 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 earnings per share. As a group, equities research analysts expect that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, August 22nd. Hecla Mining’s dividend payout ratio is 6.25%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HL shares. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hecla Mining in a research report on Wednesday, October 8th. HC Wainwright lifted their target price on Hecla Mining from $11.50 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. CIBC raised their target price on Hecla Mining from $12.50 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Finally, BMO Capital Markets boosted their target price on Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hecla Mining currently has an average rating of “Hold” and an average price target of $8.75.

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.