Sigma Planning Corp lessened its stake in shares of Hecla Mining Company (NYSE:HL – Free Report) by 75.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,820 shares of the basic materials company’s stock after selling 81,409 shares during the period. Sigma Planning Corp’s holdings in Hecla Mining were worth $398,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 631 shares during the period. Sittner & Nelson LLC bought a new stake in Hecla Mining during the 4th quarter worth approximately $29,000. Rothschild Investment LLC raised its position in shares of Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after buying an additional 781 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Hecla Mining in the 4th quarter valued at about $31,000. Finally, CIBC Private Wealth Group LLC lifted its position in Hecla Mining by 134.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 957 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on HL shares. Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Jefferies Financial Group began coverage on Hecla Mining in a research report on Thursday, August 20th. They set a “hold” rating and a $22.00 price target on the stock. HC Wainwright dropped their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $23.82.
Hecla Mining Stock Performance
HL stock opened at $20.75 on Thursday. The company has a market capitalization of $13.94 billion, a PE ratio of 42.34 and a beta of 1.38. Hecla Mining Company has a one year low of $8.75 and a one year high of $34.17. The company’s 50 day moving average price is $16.87 and its two-hundred day moving average price is $18.13.
Hecla Mining (NYSE:HL – Get Free Report) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $333.85 million for the quarter, compared to the consensus estimate of $368.75 million. Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. Hecla Mining’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. On average, research analysts predict that Hecla Mining Company will post 0.46 EPS for the current year.
Hecla Mining Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.0038 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s payout ratio is currently 2.04%.
About Hecla Mining
Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.
The company’s principal operations are located in North America and Latin America.
Recommended Stories
- Five stocks we like better than Hecla Mining
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Want to see what other hedge funds are holding HL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hecla Mining Company (NYSE:HL – Free Report).
Receive News & Ratings for Hecla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining and related companies with MarketBeat.com's FREE daily email newsletter.
