Inspire Investing LLC Has $458,000 Stake in Hecla Mining Company $HL

Inspire Investing LLC lessened its holdings in shares of Hecla Mining Company (NYSE:HL) by 42.4% during the third quarter, HoldingsChannel.com reports. The firm owned 37,855 shares of the basic materials company’s stock after selling 27,831 shares during the quarter. Inspire Investing LLC’s holdings in Hecla Mining were worth $458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HL. Comerica Bank acquired a new stake in shares of Hecla Mining during the 1st quarter worth approximately $2,964,000. Dark Forest Capital Management LP raised its position in Hecla Mining by 146.8% during the first quarter. Dark Forest Capital Management LP now owns 647,748 shares of the basic materials company’s stock valued at $3,601,000 after purchasing an additional 385,283 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Hecla Mining during the second quarter worth $2,256,000. Graham Capital Management L.P. boosted its holdings in shares of Hecla Mining by 106.2% in the 1st quarter. Graham Capital Management L.P. now owns 372,465 shares of the basic materials company’s stock valued at $2,071,000 after purchasing an additional 191,853 shares in the last quarter. Finally, TIAA Trust National Association boosted its holdings in shares of Hecla Mining by 176.4% in the 2nd quarter. TIAA Trust National Association now owns 41,519 shares of the basic materials company’s stock valued at $249,000 after purchasing an additional 26,499 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Hecla Mining Stock Performance

Hecla Mining stock opened at $20.18 on Friday. The business has a 50 day moving average of $15.72 and a 200-day moving average of $10.96. The company has a market capitalization of $13.52 billion, a P/E ratio of 65.09 and a beta of 1.36. Hecla Mining Company has a 1 year low of $4.46 and a 1 year high of $21.19. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.51.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The business had revenue of $409.54 million for the quarter, compared to the consensus estimate of $315.60 million. During the same period last year, the company earned $0.03 EPS. The firm’s revenue was up 67.1% compared to the same quarter last year. On average, equities research analysts predict that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were given a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, November 24th. Hecla Mining’s dividend payout ratio (DPR) is currently 3.23%.

Analyst Ratings Changes

A number of research firms have recently commented on HL. Roth Capital set a $8.75 price target on Hecla Mining and gave the stock a “sell” rating in a report on Friday, October 3rd. Wall Street Zen raised Hecla Mining from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. HC Wainwright increased their target price on shares of Hecla Mining from $12.50 to $16.50 and gave the stock a “buy” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 22nd. Finally, CIBC upped their price objective on shares of Hecla Mining from $15.00 to $16.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 25th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.22.

Insider Transactions at Hecla Mining

In related news, VP David C. Sienko sold 207,553 shares of Hecla Mining stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total value of $4,030,679.26. Following the transaction, the vice president directly owned 906,370 shares of the company’s stock, valued at $17,601,705.40. The trade was a 18.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell Douglas Lawlar sold 148,372 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $15.00, for a total transaction of $2,225,580.00. Following the completion of the transaction, the chief financial officer owned 347,402 shares in the company, valued at $5,211,030. This trade represents a 29.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 374,460 shares of company stock valued at $6,534,655 over the last 90 days. 0.62% of the stock is owned by corporate insiders.

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.