KBC Group NV Grows Position in Hecla Mining (NYSE:HL)

KBC Group NV grew its position in shares of Hecla Mining (NYSE:HL) by 19.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,075 shares of the basic materials company’s stock after acquiring an additional 2,909 shares during the quarter. KBC Group NV’s holdings in Hecla Mining were worth $121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Hecla Mining by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock worth $285,811,000 after acquiring an additional 1,506,573 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Hecla Mining by 4.3% in the third quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock worth $391,510,000 after purchasing an additional 2,238,559 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hecla Mining by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 34,644,620 shares of the basic materials company’s stock valued at $168,027,000 after purchasing an additional 146,689 shares during the period. Tidal Investments LLC bought a new stake in shares of Hecla Mining in the first quarter valued at approximately $42,576,000. Finally, Ninety One UK Ltd lifted its stake in shares of Hecla Mining by 17.0% during the 2nd quarter. Ninety One UK Ltd now owns 8,219,231 shares of the basic materials company’s stock valued at $39,863,000 after buying an additional 1,196,515 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Trading Up 1.0 %

Hecla Mining stock opened at $5.67 on Friday. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of -141.75 and a beta of 2.00. The business’s fifty day simple moving average is $6.50 and its two-hundred day simple moving average is $5.87. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The company had revenue of $245.09 million during the quarter, compared to the consensus estimate of $232.03 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The firm’s quarterly revenue was up 34.7% compared to the same quarter last year. As a group, equities analysts predict that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be given a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, November 21st. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Insider Buying and Selling at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the transaction, the vice president now directly owns 173,700 shares of the company’s stock, valued at $1,175,949. The trade was a 38.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on HL shares. TD Securities decreased their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Roth Mkm lowered their price target on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a research note on Thursday, August 8th. National Bank Financial lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.94.

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.