Alps Advisors Inc. increased its position in shares of Hecla Mining Co. (NYSE:HL) by 41.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 335,771 shares of the company’s stock after buying an additional 98,092 shares during the period. Alps Advisors Inc.’s holdings in Hecla Mining were worth $1,712,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in HL. Washington Trust Bank increased its position in Hecla Mining by 4.3% in the second quarter. Washington Trust Bank now owns 23,467 shares of the company’s stock valued at $120,000 after buying an additional 967 shares during the period. OLD National Bancorp IN increased its position in Hecla Mining by 8.8% in the first quarter. OLD National Bancorp IN now owns 97,691 shares of the company’s stock valued at $272,000 after buying an additional 7,917 shares during the period. BNP Paribas Arbitrage SA increased its position in Hecla Mining by 25.4% in the second quarter. BNP Paribas Arbitrage SA now owns 63,465 shares of the company’s stock valued at $324,000 after buying an additional 12,857 shares during the period. Legal & General Group Plc increased its position in Hecla Mining by 27.1% in the first quarter. Legal & General Group Plc now owns 87,798 shares of the company’s stock valued at $250,000 after buying an additional 18,745 shares during the period. Finally, Falcon Point Capital LLC acquired a new position in Hecla Mining during the second quarter valued at approximately $134,000. 57.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hecla Mining Co. (NYSE:HL) traded down 0.87% during mid-day trading on Friday, hitting $5.70. 8,336,925 shares of the stock were exchanged. The stock’s 50 day moving average is $6.02 and its 200 day moving average is $4.88. Hecla Mining Co. has a 12 month low of $1.45 and a 12 month high of $7.26. The firm’s market cap is $2.20 billion.
Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The business earned $171.30 million during the quarter, compared to analysts’ expectations of $141.25 million. Hecla Mining had a positive return on equity of 1.54% and a negative net margin of 9.44%. The business’s revenue was up 64.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) earnings per share. Analysts expect that Hecla Mining Co. will post $0.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 23rd were given a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date was Friday, August 19th. Hecla Mining’s dividend payout ratio (DPR) is presently -7.14%.
Several brokerages recently commented on HL. JPMorgan Chase & Co. raised shares of Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 target price on the stock in a research note on Tuesday, August 9th. Rodman & Renshaw began coverage on shares of Hecla Mining in a research note on Tuesday, September 6th. They issued a “buy” rating and a $9.00 target price on the stock. BMO Capital Markets downgraded shares of Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 target price on the stock. in a research note on Tuesday, August 23rd. FBR & Co lifted their target price on shares of Hecla Mining from $4.00 to $5.00 and gave the stock a “mkt perform” rating in a research note on Wednesday, July 20th. Finally, Zacks Investment Research downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.60.
In other news, VP David C. Sienko sold 13,722 shares of Hecla Mining stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $5.85, for a total value of $80,273.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Phillips S. Baker, Jr. sold 392,863 shares of Hecla Mining stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $7.05, for a total value of $2,769,684.15. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi.
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