Kohmann Bosshard Financial Services LLC Buys New Holdings in Hecla Mining (NYSE:HL)

Kohmann Bosshard Financial Services LLC bought a new stake in Hecla Mining (NYSE:HL) during the fourth quarter, HoldingsChannel reports. The fund bought 9,000 shares of the basic materials company’s stock, valued at approximately $44,000.

A number of other large investors have also recently bought and sold shares of HL. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Hecla Mining in the third quarter valued at approximately $14,623,000. FMR LLC boosted its position in Hecla Mining by 51.3% in the third quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock valued at $36,258,000 after buying an additional 1,842,991 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Hecla Mining by 43.8% in 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 buying an additional 1,059,929 shares during the last quarter. Geode Capital Management LLC boosted its position in Hecla Mining by 5.4% in the third 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 last quarter. Finally, BNP Paribas Financial Markets boosted its position in Hecla Mining by 378.1% in the third quarter. BNP Paribas Financial Markets now owns 897,261 shares of the basic materials company’s stock valued at $5,985,000 after buying an additional 709,576 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Transactions at Hecla Mining

In other news, CEO Robert Krcmarov acquired 6,570 shares of Hecla Mining stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average cost of $5.29 per share, with a total value of $34,755.30. Following the purchase, the chief executive officer now owns 331,856 shares in the company, valued at $1,755,518.24. This trade represents a 2.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell Douglas Lawlar sold 16,333 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $84,604.94. Following the completion of the transaction, the chief financial officer now directly owns 297,983 shares of the company’s stock, valued at approximately $1,543,551.94. This represents a 5.20 % 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 three months. 1.40% of the stock is currently owned by company insiders.

Hecla Mining Trading Down 0.8 %

Shares of HL stock opened at $5.09 on Tuesday. 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 company has a market cap of $3.22 billion, a price-to-earnings ratio of 101.82 and a beta of 1.91. The stock has a 50 day simple moving average of $5.42 and a 200-day simple moving average of $5.87. Hecla Mining has a 1-year low of $3.78 and a 1-year high of $7.68.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share 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%. On average, equities research analysts expect that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Monday, March 10th. Hecla Mining’s payout ratio is 20.00%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com raised Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. HC Wainwright reissued a “buy” rating and issued a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. TD Securities decreased their price target on Hecla Mining from $7.00 to $6.50 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Roth Mkm decreased their price target on Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

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.