1 week Ago By Defense World Staff
Bank of Montreal Can decreased its position in Hecla Mining (NYSE:HL – Free Report) by 86.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,260 shares of the basic materials company’s stock after selling 82,025 shares during the period.
Bank of Montreal Can’s holdings in Hecla Mining were worth $65,000 at the end of the most recent quarter. A number of other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Hecla Mining by 771.
8% during the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 4,438 shares in the last quarter. Ameliora Wealth Management Ltd.
bought a new position in shares of Hecla Mining during the fourth quarter worth about $25,000. Principal Securities Inc. acquired a new stake in Hecla Mining in the 4th quarter valued at approximately $25,000.
Blue Trust Inc. lifted its stake in Hecla Mining by 30.7% in the 4th quarter.
Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 1,961 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Hecla Mining during the 4th quarter worth approximately $44,000.
Institutional investors own 63.01% of the company’s stock. Insider Buying and SellingIn related news, CFO Russell Douglas Lawlar sold 16,333 shares of the company’s stock in a transaction dated 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 directly owns 297,983 shares in the company, valued at approximately $1,543,551.94. This represents a 5.
20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Krcmarov acquired 6,570 shares of the company’s stock in a transaction on Wednesday, February 19th.
The stock was acquired at an average price of $5.29 per share, with a total value of $34,755.30.
Following the purchase, the chief executive officer now directly owns 331,856 shares in the company, valued at approximately $1,755,518.24. This represents a 2.
02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 57,915 shares of company stock valued at $300,000.
Company insiders own 1.40% of the company’s stock. Analysts Set New Price TargetsSeveral brokerages recently commented on HL.
StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Roth Mkm decreased their price objective on Hecla Mining from $6.
60 to $6.50 and set a “buy” rating for the company in a report on Tuesday, February 18th. TD Securities cut Hecla Mining from a “buy” rating to a “hold” rating and reduced their price target for the company from $6.
50 to $5.50 in a research report on Tuesday, March 11th. HC Wainwright restated a “buy” rating and issued a $11.
50 price target on shares of Hecla Mining in a research note on Friday, February 14th. Finally, National Bank Financial upgraded Hecla Mining to a “hold” rating in a research note on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock.
Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.75.
View Our Latest Stock Analysis on Hecla MiningHecla Mining Trading Down 0.5 %Shares of NYSE:HL opened at $5.85 on Friday.
The company has a 50-day simple moving average of $5.52 and a 200 day simple moving average of $5.68.
The company has a market capitalization of $3.70 billion, a P/E ratio of 117.02 and a beta of 1.
77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.
55 and a current ratio of 1.08. Hecla Mining has a 52-week low of $4.
41 and a 52-week high of $7.68. Hecla Mining (NYSE:HL – Get Free Report) last posted its earnings results 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 return on equity of 3.10% and a net margin of 3.
85%. The business had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.
21 million. Sell-side analysts forecast that Hecla Mining will post 0.21 earnings per share for the current year.
Hecla Mining Cuts DividendThe business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.0038 per share.
This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.26%.
The ex-dividend date of this dividend was Monday, March 10th. Hecla Mining’s dividend payout ratio is presently 20.00%.
About Hecla Mining (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.See AlsoFive stocks we like better than Hecla MiningMost active stocks: Dollar volume vs share volumeMarkets Think Robinhood Earnings Could Send the Stock UpHow to Choose Top Rated StocksChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?Market Cap Calculator: How to Calculate Market CapAT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround.
