22,892 Shares in Hecla Mining (NYSE:HL) Acquired by Polymer Capital Management US LLC

Polymer Capital Management US LLC purchased a new position in Hecla Mining (NYSE:HL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 22,892 shares of the basic materials company’s stock, valued at approximately $112,000.

A number of other institutional investors and hedge funds have also modified their holdings of HL. Vanguard Group Inc. grew its holdings in Hecla Mining by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company’s stock valued at $301,440,000 after buying an additional 774,000 shares during the last quarter. Geode Capital Management LLC increased its position in Hecla Mining by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 13,904,662 shares of the basic materials company’s stock worth $68,289,000 after buying an additional 39,421 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Hecla Mining by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company’s stock worth $35,453,000 after buying an additional 502,094 shares in the last quarter. JPMorgan Chase & Co. increased its position in Hecla Mining by 20.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,189,473 shares of the basic materials company’s stock worth $20,570,000 after buying an additional 707,712 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Hecla Mining during the fourth quarter worth $18,441,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity

In other news, VP Kurt Allen sold 9,195 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 104,512 shares of the company’s stock, valued at approximately $541,372.16. This represents a 8.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert Krcmarov purchased 6,570 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was bought at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the purchase, the chief executive officer now directly owns 331,856 shares of the company’s stock, valued at $1,755,518.24. The trade was a 2.02 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 57,915 shares of company stock worth $300,000. Insiders own 1.40% of the company’s stock.

Hecla Mining Stock Up 12.1 %

NYSE:HL opened at $5.28 on Thursday. 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 has a 50 day moving average of $5.54 and a 200-day moving average of $5.75. The firm has a market capitalization of $3.34 billion, a PE ratio of 105.62 and a beta of 1.77. Hecla Mining has a 52 week low of $4.41 and a 52 week high of $7.68.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. Analysts predict that Hecla Mining will post 0.21 EPS for the current 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 $0.0038 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. Hecla Mining’s dividend payout ratio (DPR) is 20.00%.

Wall Street Analysts Forecast Growth

HL has been the subject of a number of recent analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $11.50 price objective on shares of Hecla Mining in a research report on Friday, February 14th. National Bank Financial upgraded Hecla Mining to a “hold” rating in a research note on Friday, March 21st. Roth Mkm cut their price target 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. TD Securities cut Hecla Mining from a “buy” rating to a “hold” rating and cut their price target for the stock from $6.50 to $5.50 in a research note on Tuesday, March 11th. Finally, StockNews.com raised Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.75.

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.