Hecla Mining (NYSE:HL) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its stake in Hecla Mining (NYSE:HL) by 185.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 140,853 shares of the basic materials company’s stock after purchasing an additional 91,424 shares during the period. Two Sigma Advisers LP’s holdings in Hecla Mining were worth $692,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Principal Securities Inc. purchased a new position in shares of Hecla Mining during the fourth quarter worth $25,000. Ameliora Wealth Management Ltd. purchased a new position in Hecla Mining in the fourth quarter valued at $25,000. Blue Trust Inc. raised its stake in Hecla Mining by 30.7% in the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after buying an additional 1,961 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Hecla Mining in the fourth quarter valued at $44,000. Finally, Haven Private LLC acquired a new stake in Hecla Mining in the fourth quarter valued at $49,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Catherine J. Boggs bought 20,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $4.99 per share, with a total value of $99,800.00. Following the completion of the acquisition, the director now owns 348,169 shares of the company’s stock, valued at $1,737,363.31. This trade represents a 6.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Roth Mkm cut their target price on Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. National Bank Financial upgraded Hecla Mining to a “hold” rating in a report on Friday, March 21st. Wall Street Zen upgraded Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. TD Securities decreased their price objective on Hecla Mining from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Monday, May 5th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $5.50 target price (down from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.13.

Hecla Mining Trading Up 9.6%

NYSE:HL opened at $5.64 on Tuesday. The business’s 50-day moving average is $5.32 and its two-hundred day moving average is $5.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68. The firm has a market capitalization of $3.56 billion, a PE ratio of 112.72 and a beta of 1.57.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business had revenue of $261.34 million for the quarter, compared to analysts’ expectations of $238.50 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The firm’s revenue was up 37.9% compared to the same quarter last year. Research analysts predict that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be paid a $0.0038 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.02 dividend on an annualized basis and a yield of 0.27%. Hecla Mining’s dividend payout ratio (DPR) is 9.09%.

Hecla Mining Company 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.