GSA Capital Partners LLP Makes New Investment in Hecla Mining Company $HL

GSA Capital Partners LLP acquired a new stake in Hecla Mining Company (NYSE:HL) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 50,922 shares of the basic materials company’s stock, valued at approximately $786,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its holdings 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 worth $28,000 after acquiring an additional 631 shares during the last quarter. Sittner & Nelson LLC purchased a new stake in Hecla Mining in the fourth quarter worth $29,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Hecla Mining in the 4th quarter worth about $31,000. Rothschild Investment LLC boosted its stake in Hecla Mining by 93.5% during the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 781 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Hecla Mining by 134.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 957 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on HL shares. HC Wainwright lowered their price objective 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. Zacks Research upgraded Hecla Mining to a “hold” rating in a report on Friday, July 17th. Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, April 29th. Finally, Weiss Ratings raised shares of Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.12.

Hecla Mining Price Performance

HL stock opened at $17.94 on Wednesday. The stock has a market capitalization of $12.05 billion, a P/E ratio of 36.62 and a beta of 1.32. Hecla Mining Company has a 1-year low of $7.40 and a 1-year high of $34.17. The business has a fifty day moving average price of $15.78 and a 200-day moving average price of $18.31.

Hecla Mining (NYSE:HL) last released its quarterly earnings data 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). Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The business had revenue of $333.85 million for the quarter, compared to analysts’ expectations of $368.75 million. During the same period last year, the business earned $0.09 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, analysts anticipate that Hecla Mining Company will post 0.47 earnings per share for the current year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a $0.0038 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s payout ratio is currently 2.04%.

Hecla Mining Company Profile

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.