AQR Capital Management LLC Has $100,000 Stock Position in Hecla Mining (NYSE:HL)

AQR Capital Management LLC increased its position in shares of Hecla Mining (NYSE:HL) by 35.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,600 shares of the basic materials company’s stock after purchasing an additional 5,395 shares during the quarter. AQR Capital Management LLC’s holdings in Hecla Mining were worth $100,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Empowered Funds LLC increased its position in shares of Hecla Mining by 27.7% during the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 2,916 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Hecla Mining by 8.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 44,553 shares of the basic materials company’s stock worth $216,000 after acquiring an additional 3,386 shares during the last quarter. Rathbones Group PLC grew its holdings in Hecla Mining by 12.1% during the 2nd quarter. Rathbones Group PLC now owns 40,729 shares of the basic materials company’s stock worth $198,000 after acquiring an additional 4,400 shares during the last quarter. Sei Investments Co. grew its holdings in Hecla Mining by 2.4% during the 2nd quarter. Sei Investments Co. now owns 190,504 shares of the basic materials company’s stock worth $924,000 after acquiring an additional 4,514 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Hecla Mining by 3.0% during the 2nd quarter. Arizona State Retirement System now owns 166,255 shares of the basic materials company’s stock worth $806,000 after acquiring an additional 4,846 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Price Performance

NYSE HL opened at $7.31 on Friday. The company has a market capitalization of $4.58 billion, a PE ratio of -48.70 and a beta of 2.01. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.40. The firm’s 50 day moving average is $6.28 and its 200-day moving average is $5.70. The company has a quick ratio of 0.58, a current ratio of 1.29 and a debt-to-equity ratio of 0.29.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. The business had revenue of $245.66 million for the quarter, compared to the consensus estimate of $208.80 million. During the same period in the previous year, the company earned $0.03 earnings per share. Equities research analysts anticipate that Hecla Mining will post 0.07 earnings per share for the current fiscal year.

Hecla Mining Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 26th were given a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Monday, August 26th. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s payout ratio is presently -33.33%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HL shares. StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 target price on shares of Hecla Mining in a research note on Thursday, August 8th. Finally, Roth Mkm reduced their target price on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.56.

Insider Activity

In related news, VP Kurt Allen sold 108,612 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now owns 173,700 shares of the company’s stock, valued at $1,175,949. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by company insiders.

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.