BNP Paribas Arbitrage SA Grows Position in Hecla Mining Company (HL)

BNP Paribas Arbitrage SA increased its stake in Hecla Mining Company (NYSE:HL) by 194.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,516 shares of the basic materials company’s stock after buying an additional 74,366 shares during the period. BNP Paribas Arbitrage SA’s holdings in Hecla Mining were worth $574,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its stake in Hecla Mining by 2.6% in the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock worth $162,000 after buying an additional 802 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Hecla Mining by 0.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 265,830 shares of the basic materials company’s stock worth $1,406,000 after buying an additional 2,181 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Hecla Mining by 27.8% in the first quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock worth $106,000 after buying an additional 4,384 shares in the last quarter. Eqis Capital Management Inc. raised its stake in Hecla Mining by 20.1% in the second quarter. Eqis Capital Management Inc. now owns 32,780 shares of the basic materials company’s stock worth $167,000 after buying an additional 5,492 shares in the last quarter. Finally, Supplemental Annuity Collective Trust of NJ raised its stake in Hecla Mining by 9.1% in the second quarter. Supplemental Annuity Collective Trust of NJ now owns 120,000 shares of the basic materials company’s stock worth $612,000 after buying an additional 10,000 shares in the last quarter. 59.36% of the stock is owned by institutional investors.

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A number of research firms recently issued reports on HL. HC Wainwright reissued a “buy” rating and issued a $8.00 price target on shares of Hecla Mining in a research note on Sunday, June 25th. BidaskClub downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. ValuEngine downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. TheStreet raised shares of Hecla Mining from a “c+” rating to a “b” rating in a research note on Monday, June 12th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $5.00 price target on shares of Hecla Mining in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Hecla Mining presently has an average rating of “Hold” and a consensus price target of $6.43.

Hecla Mining Company (NYSE HL) opened at 5.21 on Wednesday. Hecla Mining Company has a 1-year low of $4.61 and a 1-year high of $7.64. The company has a 50-day moving average of $5.15 and a 200-day moving average of $5.33. The company has a market capitalization of $2.08 billion, a P/E ratio of 42.36 and a beta of 0.40.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.05). The company had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $130.54 million. Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. Hecla Mining’s quarterly revenue was down 21.6% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. Equities analysts expect that Hecla Mining Company will post $0.06 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd were given a $0.0025 dividend. The ex-dividend date was Monday, August 21st. This represents a $0.01 annualized dividend and a yield of 0.19%. Hecla Mining’s dividend payout ratio (DPR) is 7.69%.

Hecla Mining 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. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.

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

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