SBI Securities Co. Ltd. Acquires New Holdings in Hecla Mining (NYSE:HL)

SBI Securities Co. Ltd. bought a new position in Hecla Mining (NYSE:HL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 14,958 shares of the basic materials company’s stock, valued at approximately $73,000.

Several other large investors have also recently bought and sold shares of HL. Blue Trust Inc. raised its stake in 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. KBC Group NV increased its holdings in shares of Hecla Mining by 19.2% in the 3rd quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock worth $121,000 after buying an additional 2,909 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Hecla Mining by 28.6% in the 3rd quarter. MML Investors Services LLC now owns 13,229 shares of the basic materials company’s stock worth $88,000 after buying an additional 2,944 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Hecla Mining by 21.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock valued at $111,000 after buying an additional 2,982 shares in the last quarter. Finally, Benin Management CORP lifted its holdings in shares of Hecla Mining by 10.1% during 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. 63.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Kurt Allen sold 9,195 shares of Hecla Mining stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $47,630.10. Following the sale, the vice president now directly owns 104,512 shares in the company, valued at approximately $541,372.16. This trade represents a 8.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Russell Douglas Lawlar sold 16,333 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $84,604.94. Following the transaction, the chief financial officer now owns 297,983 shares of the company’s stock, valued at approximately $1,543,551.94. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,915 shares of company stock valued at $300,000 in the last quarter. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

HL has been the topic of a number of research analyst reports. Roth Mkm reduced their target price on Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday, February 17th. HC Wainwright restated a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a research report on Friday, February 14th. Finally, TD Securities reduced their price target on shares of Hecla Mining from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Hecla Mining has a consensus rating of “Moderate Buy” and an average target price of $8.00.

Hecla Mining Trading Up 0.5 %

Shares of HL stock opened at $5.45 on Monday. The business has a 50-day moving average of $5.45 and a 200 day moving average of $5.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. Hecla Mining has a 1-year low of $4.04 and a 1-year high of $7.68. The stock has a market capitalization of $3.44 billion, a PE ratio of 108.92 and a beta of 1.94.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share 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 company had revenue of $249.66 million for the quarter, compared to analysts’ expectations of $229.21 million. As a group, sell-side analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a dividend of $0.0038 per share. The ex-dividend date is Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.28%. Hecla Mining’s payout ratio is currently 20.00%.

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.