Oppenheimer & Close LLC bought a new stake in Hecla Mining (NYSE:HL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 540,700 shares of the basic materials company’s stock, valued at approximately $973,000. Hecla Mining comprises about 1.1% of Oppenheimer & Close LLC’s holdings, making the stock its 21st largest position. Oppenheimer & Close LLC owned approximately 0.11% of Hecla Mining as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Hecla Mining by 11.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 36,181,949 shares of the basic materials company’s stock valued at $85,389,000 after buying an additional 3,640,249 shares during the last quarter. Bank of America Corp DE raised its position in Hecla Mining by 111.0% during the fourth quarter. Bank of America Corp DE now owns 412,636 shares of the basic materials company’s stock valued at $974,000 after acquiring an additional 217,060 shares in the last quarter. Creative Planning raised its position in Hecla Mining by 9.4% during the first quarter. Creative Planning now owns 69,401 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 5,961 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Hecla Mining by 212.3% in the first quarter. BNP Paribas Arbitrage SA now owns 233,989 shares of the basic materials company’s stock valued at $538,000 after acquiring an additional 159,075 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Hecla Mining by 1,662.8% in the first quarter. Bank of Montreal Can now owns 1,006,942 shares of the basic materials company’s stock valued at $2,315,000 after acquiring an additional 949,821 shares during the period. Institutional investors own 58.18% of the company’s stock.
NYSE:HL traded up $0.07 during trading hours on Wednesday, reaching $2.00. 316,057 shares of the company were exchanged, compared to its average volume of 9,100,815. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average is $1.75 and its 200-day moving average is $1.90. The firm has a market cap of $951.09 million, a PE ratio of -18.18 and a beta of 0.96. Hecla Mining has a twelve month low of $1.21 and a twelve month high of $3.12.
Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.03). The company had revenue of $134.17 million for the quarter, compared to analysts’ expectations of $150.62 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share. As a group, research analysts anticipate that Hecla Mining will post -0.12 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 23rd were given a dividend of $0.002 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.01 annualized dividend and a dividend yield of 0.40%. Hecla Mining’s dividend payout ratio (DPR) is presently -9.09%.
Several equities research analysts have commented on the company. Bank of America set a $2.00 price objective on Hecla Mining and gave the stock a “sell” rating in a research report on Friday, June 7th. Zacks Investment Research raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Cantor Fitzgerald set a $2.00 target price on shares of Hecla Mining and gave the company a “hold” rating in a research note on Thursday, June 6th. Canaccord Genuity downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price target on the stock. in a report on Wednesday, August 7th. Finally, B. Riley raised their price target on shares of Hecla Mining from $2.20 to $2.30 and gave the company a “neutral” rating in a research report on Monday. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $2.06.
In other news, Director Catherine J. Boggs acquired 40,540 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of $1.50 per share, for a total transaction of $60,810.00. Following the acquisition, the director now owns 40,540 shares in the company, valued at approximately $60,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.
Hecla Mining Profile
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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