Kohmann Bosshard Financial Services LLC Makes New Investment in Hecla Mining (NYSE:HL)

Kohmann Bosshard Financial Services LLC bought a new position in Hecla Mining (NYSE:HL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,000 shares of the basic materials company’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. increased 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 worth $41,000 after purchasing an additional 1,961 shares during the period. Hollencrest Capital Management increased its stake in Hecla Mining by 1.0% in the third quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock worth $1,659,000 after purchasing an additional 2,367 shares during the period. KBC Group NV increased its stake in Hecla Mining by 19.2% in the third quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 2,909 shares during the period. MML Investors Services LLC increased its stake in Hecla Mining by 28.6% in the third quarter. MML Investors Services LLC now owns 13,229 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 2,944 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Hecla Mining by 21.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 2,982 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, CEO Robert Krcmarov purchased 6,570 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the purchase, the chief executive officer now owns 331,856 shares of the company’s stock, valued at approximately $1,755,518.24. The trade was a 2.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michael L. Clary sold 32,387 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $167,764.66. Following the sale, the chief accounting officer now owns 246,440 shares in the company, valued at $1,276,559.20. The trade was a 11.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,915 shares of company stock worth $300,000 over the last quarter. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. 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 note on Monday, February 17th. TD Securities cut their price target on Hecla Mining from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Friday, February 21st. National Bank Financial lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, HC Wainwright restated a “buy” rating and set a $11.50 price target on shares of Hecla Mining in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Hecla Mining currently has an average rating of “Moderate Buy” and an average price target of $8.00.

Hecla Mining Price Performance

HL opened at $5.09 on Tuesday. The business’s 50-day moving average is $5.42 and its two-hundred day moving average is $5.87. Hecla Mining has a 1 year low of $3.78 and a 1 year high of $7.68. 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 firm has a market capitalization of $3.22 billion, a PE ratio of 101.82 and a beta of 1.91.

Hecla Mining (NYSE:HL) last posted its earnings results 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). 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 during the quarter, compared to analysts’ expectations of $229.21 million. Research analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.0038 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.29%. Hecla Mining’s dividend payout ratio (DPR) is presently 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.