Choreo LLC Acquires 3,018 Shares of Hecla Mining Company (NYSE:HL)

Choreo LLC increased its holdings in shares of Hecla Mining Company (NYSE:HL) by 16.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,561 shares of the basic materials company’s stock after acquiring an additional 3,018 shares during the quarter. Choreo LLC’s holdings in Hecla Mining were worth $120,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Hecla Mining by 20.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,189,473 shares of the basic materials company’s stock valued at $20,570,000 after purchasing an additional 707,712 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Hecla Mining by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company’s stock worth $301,440,000 after buying an additional 774,000 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hecla Mining during the 4th quarter worth $1,640,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Hecla Mining by 8.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,578,828 shares of the basic materials company’s stock valued at $7,752,000 after buying an additional 127,756 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Hecla Mining by 38.5% in the fourth quarter. Deutsche Bank AG now owns 1,307,305 shares of the basic materials company’s stock valued at $6,419,000 after acquiring an additional 363,554 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Hecla Mining Price Performance

HL stock opened at $5.75 on Friday. The company has a market capitalization of $3.63 billion, a P/E ratio of 52.23 and a beta of 1.47. The company has a fifty day moving average price of $5.90 and a 200-day moving average price of $5.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.75 and a current ratio of 1.43. Hecla Mining Company has a 52-week low of $4.41 and a 52-week high of $7.68.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $261.34 million during the quarter, compared to analyst estimates of $238.50 million. Hecla Mining had a net margin of 7.13% and a return on equity of 3.87%. The company’s quarterly revenue was up 37.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) EPS. As a group, equities analysts expect that Hecla Mining Company will post 0.21 EPS for the current year.

Insider Activity at Hecla Mining

In other news, Director Catherine J. Boggs acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $4.99 per share, for a total transaction of $99,800.00. Following the completion of the transaction, the director directly owned 348,169 shares in the company, valued at $1,737,363.31. This represents a 6.09% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Stuart Maurice Absolom sold 18,926 shares of Hecla Mining stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $6.66, for a total transaction of $126,047.16. Following the transaction, the vice president directly owned 59,410 shares of the company’s stock, valued at $395,670.60. This represents a 24.16% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $5.50 target price (down previously from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. CIBC increased their price objective on shares of Hecla Mining from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. National Bank Financial raised shares of Hecla Mining to a “hold” rating in a research note on Thursday, June 12th. Roth Capital reiterated a “neutral” rating and issued a $6.00 price target on shares of Hecla Mining in a research note on Tuesday, July 1st. Finally, TD Securities cut their price objective on Hecla Mining from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Monday, May 5th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.07.

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.