Olympiad Research LP Invests $102,000 in Hecla Mining (NYSE:HL)

Olympiad Research LP acquired a new stake in Hecla Mining (NYSE:HL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,690 shares of the basic materials company’s stock, valued at approximately $102,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HL. GAMMA Investing LLC lifted its stake in Hecla Mining by 771.8% during the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 4,438 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new stake in shares of Hecla Mining in the 4th quarter valued at $25,000. Principal Securities Inc. acquired a new position in Hecla Mining during the 4th quarter worth about $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Hecla Mining during the 3rd quarter valued at about $28,000. Finally, Blue Trust Inc. boosted its holdings in Hecla Mining by 30.7% during the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 1,961 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hecla Mining

In related news, CEO Robert Krcmarov purchased 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 completion of the transaction, the chief executive officer now directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Hecla Mining Price Performance

Shares of HL opened at $5.24 on Tuesday. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 104.72 and a beta of 1.91. The firm’s fifty day simple moving average is $5.42 and its 200-day simple moving average is $5.88. Hecla Mining has a twelve month low of $3.41 and a twelve month high of $7.68. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $249.66 million during the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. Equities analysts forecast that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining’s dividend payout ratio (DPR) is 100.02%.

Analyst Ratings Changes

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