144,200 Shares in Hecla Mining Company $HL Bought by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd purchased a new position in Hecla Mining Company (NYSE:HL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 144,200 shares of the basic materials company’s stock, valued at approximately $864,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in shares of Hecla Mining by 10.9% during the 2nd quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 6,450 shares in the last quarter. SG Americas Securities LLC raised its stake in Hecla Mining by 131.2% during the 2nd quarter. SG Americas Securities LLC now owns 258,574 shares of the basic materials company’s stock worth $1,549,000 after buying an additional 146,718 shares during the period. Empower Advisory Group LLC bought a new position in Hecla Mining in the second quarter worth approximately $144,000. Police & Firemen s Retirement System of New Jersey grew its stake in Hecla Mining by 3.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 134,891 shares of the basic materials company’s stock valued at $808,000 after acquiring an additional 5,082 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Hecla Mining by 122.7% during the second quarter. SBI Securities Co. Ltd. now owns 50,584 shares of the basic materials company’s stock valued at $303,000 after acquiring an additional 27,867 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HL has been the topic of a number of recent research reports. CIBC increased their target price on Hecla Mining from $12.50 to $15.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. HC Wainwright raised their price objective on shares of Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hecla Mining in a research report on Wednesday. Roth Capital set a $8.75 target price on shares of Hecla Mining and gave the stock a “sell” rating in a report on Friday, October 3rd. Finally, BMO Capital Markets raised their price target on shares of Hecla Mining from $6.00 to $6.50 and gave the company a “market perform” rating in a research report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.03.

Hecla Mining Stock Down 6.2%

HL opened at $13.24 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.67 and a quick ratio of 1.99. The company’s 50-day moving average is $12.83 and its 200 day moving average is $8.67. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $16.09. The firm has a market capitalization of $8.87 billion, a P/E ratio of 82.72 and a beta of 1.29.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The business had revenue of $409.54 million during the quarter, compared to the consensus estimate of $315.60 million. During the same period in the prior year, the firm posted $0.03 EPS. The firm’s quarterly revenue was up 67.1% compared to the same quarter last year. Research analysts expect that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

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

Insiders Place Their Bets

In other news, VP Stuart Maurice Absolom sold 14,472 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $11.29, for a total transaction of $163,388.88. Following the completion of the sale, the vice president directly owned 73,200 shares of the company’s stock, valued at $826,428. This trade represents a 16.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Russell Douglas Lawlar sold 18,535 shares of Hecla Mining stock in a transaction on Monday, November 10th. The stock was sold at an average price of $15.02, for a total value of $278,395.70. The disclosure for this sale is available in the SEC filing. Insiders have sold 181,379 shares of company stock worth $2,667,365 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.

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.