Hecla Mining Company $HL Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of Hecla Mining Company (NYSE:HL) by 131.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 258,574 shares of the basic materials company’s stock after buying an additional 146,718 shares during the period. SG Americas Securities LLC’s holdings in Hecla Mining were worth $1,549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS boosted its position in shares of Hecla Mining by 1.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 125,800 shares of the basic materials company’s stock valued at $754,000 after purchasing an additional 1,900 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in Hecla Mining by 10.9% during the first quarter. Focus Partners Advisor Solutions LLC now owns 21,657 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 2,135 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Hecla Mining by 5.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 47,710 shares of the basic materials company’s stock worth $286,000 after buying an additional 2,283 shares in the last quarter. Baader Bank Aktiengesellschaft grew its position in Hecla Mining by 6.4% in the second quarter. Baader Bank Aktiengesellschaft now owns 39,402 shares of the basic materials company’s stock worth $236,000 after buying an additional 2,368 shares during the last quarter. Finally, Choreo LLC grew its position in Hecla Mining by 16.3% in the first quarter. Choreo LLC now owns 21,561 shares of the basic materials company’s stock worth $120,000 after buying an additional 3,018 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 18,535 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $15.02, for a total value of $278,395.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stuart Maurice Absolom sold 14,472 shares of Hecla Mining stock in a transaction on Friday, September 12th. The shares were sold at an average price of $11.29, for a total transaction of $163,388.88. Following the sale, the vice president directly owned 73,200 shares of the company’s stock, valued at $826,428. This trade represents a 16.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 181,379 shares of company stock valued at $2,667,365. Insiders own 1.40% of the company’s stock.

Hecla Mining Stock Down 6.2%

Shares of Hecla Mining stock opened at $13.24 on Friday. The stock has a 50-day moving average price of $12.83 and a 200 day moving average price of $8.67. The company has a market cap of $8.87 billion, a P/E ratio of 82.72 and a beta of 1.29. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. Hecla Mining Company has a 1 year low of $4.46 and a 1 year high of $16.09.

Hecla Mining (NYSE:HL) last released its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $409.54 million for the quarter, compared to analysts’ expectations of $315.60 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The business’s revenue for the quarter was up 67.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS. As a group, analysts expect that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be paid a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, November 24th. Hecla Mining’s dividend payout ratio is currently 3.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Scotiabank initiated coverage on Hecla Mining in a research report on Thursday, November 13th. They set a “sector perform” rating and a $15.00 target price on the stock. BMO Capital Markets lifted their price target on Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Roth Capital set a $8.75 price objective on Hecla Mining and gave the stock a “sell” rating in a report on Friday, October 3rd. Finally, CIBC upped their price objective on shares of Hecla Mining from $12.50 to $15.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Three 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. According to data from MarketBeat, Hecla Mining has an average rating of “Hold” and a consensus price target of $10.03.

Hecla Mining 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.