KBC Group NV Boosts Holdings in Hecla Mining (NYSE:HL)

KBC Group NV increased its position in shares of Hecla Mining (NYSE:HL) by 31.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,847 shares of the basic materials company’s stock after buying an additional 5,772 shares during the quarter. KBC Group NV’s holdings in Hecla Mining were worth $117,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 1,961 shares during the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of Hecla Mining by 90.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 313,094 shares of the basic materials company’s stock valued at $1,537,000 after buying an additional 149,000 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its stake in shares of Hecla Mining by 146.7% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 60,620 shares of the basic materials company’s stock valued at $298,000 after buying an additional 36,050 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Hecla Mining by 36.8% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 146,296 shares of the basic materials company’s stock valued at $718,000 after buying an additional 39,381 shares during the period. Finally, Benin Management CORP lifted its stake in Hecla Mining by 10.1% during the 4th quarter. Benin Management CORP now owns 32,850 shares of the basic materials company’s stock worth $161,000 after acquiring an additional 3,000 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Stock Down 2.2 %

Shares of NYSE HL opened at $5.88 on Friday. The business has a 50-day moving average of $5.39 and a two-hundred day moving average of $5.84. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of -146.88 and a beta of 1.91. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $7.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $245.09 million during the quarter, compared to analysts’ expectations of $232.03 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The firm’s revenue was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) earnings per share. On average, analysts forecast that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. TD Securities dropped their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Hecla Mining presently has a consensus rating of “Moderate Buy” and an average price target of $7.94.

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.