Cibc World Markets Corp Invests $270,000 in Hecla Mining (NYSE:HL)

Cibc World Markets Corp acquired a new position in Hecla Mining (NYSE:HL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 54,980 shares of the basic materials company's stock, valued at approximately $270,000.

A number of other hedge funds also recently bought and sold shares of HL. First Eagle Investment Management LLC raised its position in Hecla Mining by 11.0% in the fourth quarter. First Eagle Investment Management LLC now owns 1,892,228 shares of the basic materials company's stock worth $9,291,000 after acquiring an additional 187,400 shares during the period. Wellington Shields Capital Management LLC raised its holdings in Hecla Mining by 74.7% in the 4th quarter. Wellington Shields Capital Management LLC now owns 137,150 shares of the basic materials company's stock worth $673,000 after purchasing an additional 58,650 shares during the period. Swiss National Bank lifted its position in Hecla Mining by 1.3% during the fourth quarter. Swiss National Bank now owns 1,176,662 shares of the basic materials company's stock valued at $5,777,000 after purchasing an additional 15,200 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Hecla Mining by 14.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 983,117 shares of the basic materials company's stock valued at $4,827,000 after purchasing an additional 125,026 shares during the period. Finally, HighTower Advisors LLC increased its position in Hecla Mining by 421.0% in the fourth quarter. HighTower Advisors LLC now owns 140,619 shares of the basic materials company's stock worth $690,000 after buying an additional 113,631 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

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Hecla Mining Trading Down 3.7 %

Shares of HL traded down $0.22 during midday trading on Friday, hitting $5.67. The stock had a trading volume of 18,930,657 shares, compared to its average volume of 12,428,673. Hecla Mining has a 1 year low of $4.41 and a 1 year high of $7.68. 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 stock's 50 day moving average is $5.61 and its 200 day moving average is $5.85. The firm has a market cap of $3.58 billion, a PE ratio of 113.32 and a beta of 1.94.

Hecla Mining (NYSE:HL - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $249.66 million during the quarter, compared to the consensus estimate of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. As a group, analysts forecast that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.0038 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.26%. Hecla Mining's dividend payout ratio (DPR) is currently 20.00%.

Insiders Place Their Bets

In other Hecla Mining news, VP Kurt Allen sold 9,195 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $47,630.10. Following the sale, the vice president now owns 104,512 shares of the company's stock, valued at approximately $541,372.16. This trade represents a 8.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell Douglas Lawlar sold 16,333 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was 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. The trade was a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,915 shares of company stock worth $300,000 in the last ninety days. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HL shares. StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. TD Securities lowered shares of Hecla Mining from a "buy" rating to a "hold" rating and dropped their price target for the stock from $6.50 to $5.50 in a research report on Tuesday, March 11th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a research report on Friday, March 21st. HC Wainwright reaffirmed a "buy" rating and issued a $11.50 target price on shares of Hecla Mining in a report on Friday, February 14th. Finally, Roth Mkm decreased their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.75.

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.