American Century Companies Inc. Lowers Stock Position in Hecla Mining (NYSE:HL)

Posted by Defense World Staff on Aug 31st, 2023

American Century Companies Inc. lessened its stake in Hecla Mining (NYSE:HL – Free Report) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,483,342 shares of the basic materials company’s stock after selling 257,999 shares during the period. American Century Companies Inc. owned approximately 0.58% of Hecla Mining worth $22,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System grew its holdings in shares of Hecla Mining by 8.4% during the 4th quarter. Arizona State Retirement System now owns 158,798 shares of the basic materials company’s stock valued at $883,000 after purchasing an additional 12,312 shares during the last quarter. Keybank National Association OH bought a new position in shares of Hecla Mining during the first quarter valued at about $137,000. Bank of Montreal Can purchased a new position in shares of Hecla Mining in the fourth quarter worth about $136,000. Fiduciary Alliance LLC purchased a new position in shares of Hecla Mining in the first quarter worth about $63,000. Finally, Mesirow Institutional Investment Management Inc. lifted its stake in shares of Hecla Mining by 29.2% in the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 1,768,255 shares of the basic materials company’s stock valued at $11,193,000 after acquiring an additional 399,775 shares during the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Insider Buying and Selling

In other Hecla Mining news, Director George R. Johnson acquired 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average price of $4.07 per share, with a total value of $34,595.00. Following the completion of the purchase, the director now directly owns 25,773 shares of the company’s stock, valued at approximately $104,896.11. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HL. National Bankshares set a $7.50 price objective on Hecla Mining and gave the company an “outperform” rating in a research note on Wednesday, June 28th. B. Riley cut their price target on shares of Hecla Mining from $6.00 to $5.50 and set a “buy” rating on the stock in a report on Thursday, August 24th. TD Securities lowered their price objective on shares of Hecla Mining from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Thursday, August 10th. Cantor Fitzgerald lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Friday, May 12th. Finally, National Bank Financial began coverage on Hecla Mining in a report on Tuesday, June 27th. They set an “outperform” rating and a $7.50 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Hecla Mining presently has a consensus rating of “Hold” and an average price target of $6.84.

Read Our Latest Report on Hecla Mining

Hecla Mining Stock Performance

Shares of HL opened at $4.49 on Thursday. The company has a 50-day simple moving average of $5.15 and a two-hundred day simple moving average of $5.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.71 and a quick ratio of 1.09. The firm has a market capitalization of $2.77 billion, a PE ratio of -49.83 and a beta of 2.04. Hecla Mining has a one year low of $3.41 and a one year high of $7.00.

Hecla Mining (NYSE:HL – Get Free Report) last released its earnings results on Tuesday, August 8th. The basic materials company reported $0.03 EPS for the quarter. The company had revenue of $178.13 million during the quarter, compared to analysts’ expectations of $183.71 million. Hecla Mining had a positive return on equity of 1.23% and a negative net margin of 6.52%. During the same quarter last year, the business posted $0.04 EPS. On average, analysts anticipate that Hecla Mining will post 0.03 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th will be given a $0.0063 dividend. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Wednesday, August 23rd. Hecla Mining’s dividend payout ratio is presently -22.22%.

Hecla Mining Company Profile

(Free Report)

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors; and doré containing silver and gold.

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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