Cibc World Markets Corp Acquires Shares of 54,980 Hecla Mining (NYSE:HL)

Cibc World Markets Corp bought a new position in Hecla Mining (NYSE:HL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 54,980 shares of the basic materials company’s stock, valued at approximately $270,000.

Other large investors have also made changes to their positions in the company. Wealthfront Advisers LLC acquired a new stake in Hecla Mining during the 4th quarter worth about $18,441,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Hecla Mining in the third quarter worth approximately $14,623,000. FMR LLC boosted its holdings in shares of Hecla Mining by 51.3% during the third quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock worth $36,258,000 after purchasing an additional 1,842,991 shares during the period. JPMorgan Chase & Co. grew its position in Hecla Mining by 43.8% during the third quarter. JPMorgan Chase & Co. now owns 3,481,761 shares of the basic materials company’s stock valued at $23,223,000 after purchasing an additional 1,059,929 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Hecla Mining by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company’s stock valued at $92,499,000 after buying an additional 711,676 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insiders Place Their Bets

In other Hecla Mining news, CEO Robert Krcmarov acquired 6,570 shares of Hecla Mining stock in a transaction dated Wednesday, February 19th. The stock was bought at an average cost of $5.29 per share, with a total value of $34,755.30. Following the completion of the transaction, the chief executive officer now owns 331,856 shares of the company’s stock, valued at $1,755,518.24. The trade was a 2.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kurt Allen sold 9,195 shares of the 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 $47,630.10. Following the completion of the sale, the vice president now directly owns 104,512 shares of the company’s stock, valued at $541,372.16. This represents a 8.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HL shares. National Bank Financial raised shares of Hecla Mining to a “hold” rating in a research note on Friday, March 21st. Roth Mkm reduced their price objective on Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, February 18th. TD Securities lowered Hecla Mining from a “buy” rating to a “hold” rating and dropped their target price for the stock from $6.50 to $5.50 in a research report on Tuesday, March 11th. HC Wainwright reiterated a “buy” rating and set a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. Finally, StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Hecla Mining currently has a consensus rating of “Moderate Buy” and an average target price of $7.75.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $5.84 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The stock has a market capitalization of $3.69 billion, a P/E ratio of 116.82 and a beta of 1.94. The business has a 50-day moving average of $5.59 and a two-hundred day moving average of $5.84. Hecla Mining has a fifty-two week low of $4.23 and a fifty-two week high of $7.68.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $229.21 million. On average, equities research analysts predict that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Monday, March 10th. Hecla Mining’s dividend payout ratio is 20.00%.

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.