Hecla Mining Company $HL Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its stake in shares of Hecla Mining Company (NYSE:HL) by 51.5% during the second quarter, Holdings Channel reports. The firm owned 261,058 shares of the basic materials company’s stock after selling 277,199 shares during the period. Quantbot Technologies LP’s holdings in Hecla Mining were worth $1,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HL. Vanguard Group Inc. raised its holdings in Hecla Mining by 2.3% during the first quarter. Vanguard Group Inc. now owns 62,830,935 shares of the basic materials company’s stock worth $349,340,000 after purchasing an additional 1,437,895 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hecla Mining by 8.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 28,827,696 shares of the basic materials company’s stock valued at $160,285,000 after acquiring an additional 2,306,239 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hecla Mining by 12.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,124,216 shares of the basic materials company’s stock valued at $67,411,000 after acquiring an additional 1,366,700 shares during the last quarter. Pale Fire Capital SE bought a new stake in shares of Hecla Mining during the 1st quarter worth $41,360,000. Finally, Invesco Ltd. grew its holdings in shares of Hecla Mining by 62.3% in the 1st quarter. Invesco Ltd. now owns 4,442,667 shares of the basic materials company’s stock worth $24,701,000 after acquiring an additional 1,705,994 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Price Performance

Shares of HL opened at $16.97 on Friday. The business’s 50-day moving average is $13.90 and its 200-day moving average is $9.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.51. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 54.74 and a beta of 1.36. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $18.12.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $409.54 million during the quarter, compared to analysts’ expectations of $315.60 million. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The firm’s quarterly revenue was up 67.1% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. Equities research analysts expect that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, November 24th. Hecla Mining’s dividend payout ratio (DPR) is currently 3.23%.

Analysts Set New Price Targets

HL has been the subject of several analyst reports. Scotiabank assumed coverage on Hecla Mining in a report on Thursday, November 13th. They set a “sector perform” rating and a $15.00 target price for the company. Roth Capital set a $8.75 price objective on shares of Hecla Mining and gave the company a “sell” rating in a research note on Friday, October 3rd. CIBC raised their target price on shares of Hecla Mining from $15.00 to $16.50 and gave the stock a “neutral” rating in a report on Tuesday, November 25th. HC Wainwright boosted their price target on shares of Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.22.

Insider Transactions at Hecla Mining

In other news, CFO Russell Douglas Lawlar sold 148,372 shares of Hecla Mining stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $15.00, for a total transaction of $2,225,580.00. Following the completion of the sale, the chief financial officer directly owned 347,402 shares in the company, valued at $5,211,030. The trade was a 29.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stuart Maurice Absolom sold 14,472 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $11.29, for a total value of $163,388.88. Following the completion of the transaction, the vice president owned 73,200 shares in the company, valued at $826,428. This represents a 16.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 181,379 shares of company stock worth $2,667,365 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.

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.