PKO Investment Management Joint Stock Co Sells 55,000 Shares of Hecla Mining (NYSE:HL)

PKO Investment Management Joint Stock Co reduced its holdings in Hecla Mining (NYSE:HL) by 18.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 240,500 shares of the basic materials company’s stock after selling 55,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Hecla Mining were worth $1,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Hecla Mining by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company’s stock worth $301,440,000 after buying an additional 774,000 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Hecla Mining by 100.5% in 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. Geode Capital Management LLC lifted its holdings in shares of Hecla Mining by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 13,904,662 shares of the basic materials company’s stock worth $68,289,000 after acquiring an additional 39,421 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hecla Mining by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company’s stock worth $35,453,000 after acquiring an additional 502,094 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Hecla Mining by 5.0% during the 4th quarter. Northern Trust Corp now owns 6,098,558 shares of the basic materials company’s stock worth $29,944,000 after purchasing an additional 289,865 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Insider Transactions at Hecla Mining

In other Hecla Mining news, Director Catherine J. Boggs acquired 20,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average price of $4.99 per share, with a total value of $99,800.00. Following the transaction, the director now directly owns 348,169 shares of the company’s stock, valued at $1,737,363.31. This trade represents a 6.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Stuart Maurice Absolom sold 18,926 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $6.66, for a total value of $126,047.16. Following the transaction, the vice president now owns 59,410 shares in the company, valued at approximately $395,670.60. This trade represents a 24.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BMO Capital Markets restated a “market perform” rating and set a $5.50 target price (down previously from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. TD Securities cut their price objective on Hecla Mining from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Monday, May 5th. National Bank Financial upgraded Hecla Mining to a “hold” rating in a research report on Thursday, June 12th. Roth Mkm cut their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Wall Street Zen upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.10.

Hecla Mining Stock Performance

Shares of Hecla Mining stock opened at $5.93 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average price is $5.49 and its 200-day moving average price is $5.46. The firm has a market cap of $3.75 billion, a P/E ratio of 118.62 and a beta of 1.44. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68.

Hecla Mining (NYSE:HL) last posted its earnings results 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). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The business had revenue of $261.34 million for the quarter, compared to analysts’ expectations of $238.50 million. During the same period last year, the business posted ($0.01) EPS. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. On average, equities research analysts expect that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd were given a dividend of $0.0038 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.02 annualized dividend and a yield of 0.25%. Hecla Mining’s dividend payout ratio (DPR) is presently 9.09%.

About Hecla Mining

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.