GSA Capital Partners LLP Buys New Position in Hecla Mining (NYSE:HL)

GSA Capital Partners LLP purchased a new position in shares of Hecla Mining (NYSE:HL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 118,011 shares of the basic materials company’s stock, valued at approximately $787,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Continuum Advisory LLC grew its stake in Hecla Mining by 313.6% in the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 4,967 shares during the period. Innealta Capital LLC acquired a new position in Hecla Mining in the second quarter valued at $41,000. Sound Income Strategies LLC purchased a new position in Hecla Mining during the third quarter worth about $49,000. Ballentine Partners LLC acquired a new stake in Hecla Mining in the 2nd quarter worth about $54,000. Finally, Oak Family Advisors LLC purchased a new stake in Hecla Mining in the 2nd quarter valued at about $55,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HL. HC Wainwright reissued a “buy” rating and issued a $10.25 target price on shares of Hecla Mining in a research report on Thursday, August 8th. National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Securities cut their target price on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, Roth Mkm dropped their price target on Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Hecla Mining presently has an average rating of “Moderate Buy” and a consensus target price of $7.94.

Insiders Place Their Bets

In other news, VP Kurt Allen sold 108,612 shares of the stock in a transaction on Tuesday, September 17th. The stock was 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 owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. This represents a 38.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Hecla Mining Stock Down 1.8 %

NYSE:HL opened at $5.50 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $6.52 and a 200-day moving average of $5.85. The firm has a market capitalization of $3.46 billion, a PE ratio of -137.50 and a beta of 2.00. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $7.68.

Hecla Mining (NYSE:HL) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The firm had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. During the same period last year, the company earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis. Analysts predict that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, November 21st. Hecla Mining’s payout ratio is -125.00%.

About Hecla Mining

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.