13,800 Shares in Hecla Mining (NYSE:HL) Bought by SPC Financial Inc.

SPC Financial Inc. acquired a new stake in Hecla Mining (NYSE:HL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,800 shares of the basic materials company’s stock, valued at approximately $67,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Continuum Advisory LLC raised its stake in shares of Hecla Mining by 313.6% during the second quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 4,967 shares during the period. Innealta Capital LLC purchased a new stake in Hecla Mining during the 2nd quarter worth $41,000. Ballentine Partners LLC acquired a new position in Hecla Mining in the 2nd quarter worth $54,000. Oak Family Advisors LLC purchased a new position in Hecla Mining in the 2nd quarter valued at about $55,000. Finally, Empowered Funds LLC boosted its position in Hecla Mining by 27.7% in the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock valued at $65,000 after buying an additional 2,916 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now directly owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HL has been the topic of several recent analyst reports. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Roth Mkm cut their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, HC Wainwright reissued a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.56.

Hecla Mining Stock Down 2.0 %

NYSE:HL opened at $6.54 on Wednesday. The stock has a 50-day simple moving average of $5.93 and a 200 day simple moving average of $5.51. Hecla Mining has a one year low of $3.33 and a one year high of $7.40. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -43.57 and a beta of 2.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 1.29.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $245.66 million during the quarter, compared to analyst estimates of $208.80 million. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. During the same quarter last year, the firm earned $0.03 EPS. Sell-side analysts predict that Hecla Mining will post 0.05 EPS for the current fiscal year.

Hecla Mining Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 26th were paid a dividend of $0.0138 per share. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.00. The ex-dividend date was Monday, August 26th. This represents a $0.06 annualized dividend and a yield of 0.84%. Hecla Mining’s payout ratio is presently -33.33%.

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.