Generali Investments CEE investicni spolecnost a.s. Makes New $113,000 Investment in Hecla Mining (NYSE:HL)

Generali Investments CEE investicni spolecnost a.s. bought a new position in Hecla Mining (NYSE:HL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 23,000 shares of the basic materials company’s stock, valued at approximately $113,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Haven Private LLC acquired a new stake in shares of Hecla Mining in the fourth quarter valued at about $49,000. Raymond James Financial Inc. acquired a new stake in shares of Hecla Mining in the fourth quarter valued at about $1,640,000. Arizona State Retirement System increased its stake in shares of Hecla Mining by 1.3% in the fourth quarter. Arizona State Retirement System now owns 173,616 shares of the basic materials company’s stock valued at $852,000 after buying an additional 2,297 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Hecla Mining in the fourth quarter valued at about $207,000. Finally, Exencial Wealth Advisors LLC acquired a new stake in shares of Hecla Mining in the fourth quarter valued at about $181,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert Krcmarov purchased 6,570 shares of the business’s stock in a transaction on 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 acquisition, the chief executive officer now owns 331,856 shares in the company, valued at approximately $1,755,518.24. The trade was a 2.02 % increase 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, CAO Michael L. Clary sold 32,387 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $167,764.66. Following the completion of the transaction, the chief accounting officer now owns 246,440 shares in the company, valued at approximately $1,276,559.20. The trade was a 11.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,915 shares of company stock worth $300,000. Corporate insiders own 1.40% of the company’s stock.

Hecla Mining Trading Up 0.5 %

NYSE HL opened at $5.45 on Monday. The business has a 50 day simple moving average of $5.45 and a 200 day simple moving average of $5.86. Hecla Mining has a one year low of $4.04 and a one year high of $7.68. The stock has a market capitalization of $3.44 billion, a P/E ratio of 108.92 and a beta of 1.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55.

Hecla Mining (NYSE:HL) last released its 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). 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%. Research analysts expect that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.0038 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.28%. Hecla Mining’s payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HL shares. 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 research note on Friday, February 21st. 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 research note on Tuesday, February 18th. StockNews.com raised Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. Four investment 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’s stock. According to data from MarketBeat.com, Hecla Mining has a consensus rating of “Moderate Buy” and an average target price of $8.00.

About Hecla Mining

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.