Choreo LLC Purchases New Position in Hecla Mining (NYSE:HL)

Choreo LLC purchased a new stake in Hecla Mining (NYSE:HL) during the second quarter, according to its most recent filing with the SEC. The firm purchased 16,256 shares of the basic materials company’s stock, valued at approximately $78,000.

A number of other hedge funds have also modified their holdings of HL. Vanguard Group Inc. increased its stake in Hecla Mining by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock worth $285,811,000 after purchasing an additional 1,506,573 shares in the last quarter. Quantbot Technologies LP bought a new stake in Hecla Mining during the 1st quarter worth approximately $727,000. SG Americas Securities LLC increased its stake in Hecla Mining by 148.9% during the 1st quarter. SG Americas Securities LLC now owns 39,208 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 23,457 shares in the last quarter. Norges Bank bought a new position in shares of Hecla Mining during the 4th quarter worth approximately $13,761,000. Finally, SCP Investment LP grew its stake in shares of Hecla Mining by 34.7% during the 4th quarter. SCP Investment LP now owns 38,800 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 10,000 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the sale, the vice president now owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Hecla Mining news, VP Robert Denis Brown sold 24,792 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total transaction of $121,728.72. Following the completion of the sale, the vice president now owns 607,649 shares of the company’s stock, valued at approximately $2,983,556.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kurt Allen sold 108,612 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the sale, the vice president now directly owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,038 shares of company stock valued at $1,007,445. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HL. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a research note on Thursday, August 8th. Roth Mkm decreased their price target on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $7.56.

Hecla Mining Price Performance

NYSE:HL opened at $6.78 on Friday. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $6.99. The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $5.80 and a 200 day simple moving average of $5.34. The stock has a market capitalization of $4.25 billion, a PE ratio of -45.47 and a beta of 2.00.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $208.80 million. During the same period last year, the business earned $0.03 earnings per share. On average, research analysts expect that Hecla Mining will post 0.04 EPS for the current fiscal year.

Hecla Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 26th were paid a $0.0138 dividend. The ex-dividend date was Monday, August 26th. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. This represents a $0.06 annualized dividend and a dividend yield of 0.81%. Hecla Mining’s dividend payout ratio (DPR) is currently -33.33%.

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.