Quantbot Technologies LP Invests $754,000 in Hecla Mining Company $HL

Quantbot Technologies LP purchased a new stake in shares of Hecla Mining Company (NYSE:HL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,898 shares of the basic materials company’s stock, valued at approximately $754,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in Hecla Mining by 74.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 631 shares during the period. Sittner & Nelson LLC acquired a new stake in shares of Hecla Mining during the 4th quarter worth approximately $29,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Hecla Mining during the fourth quarter worth approximately $31,000. Rothschild Investment LLC raised its stake in shares of 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 buying an additional 781 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Hecla Mining by 134.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock valued at $32,000 after buying an additional 957 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Scotiabank cut their price target on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. HC Wainwright reduced their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Jefferies Financial Group started coverage on Hecla Mining in a research note on Thursday, August 20th. They set a “hold” rating and a $22.00 price objective for the company. Finally, Weiss Ratings upgraded Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Hecla Mining presently has an average rating of “Hold” and an average price target of $23.82.

Hecla Mining Trading Down 0.7%

HL stock opened at $20.77 on Thursday. Hecla Mining Company has a 1-year low of $7.78 and a 1-year high of $34.17. The firm has a market cap of $13.95 billion, a PE ratio of 42.39 and a beta of 1.32. The business’s 50-day moving average price is $16.39 and its two-hundred day moving average price is $18.22.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The business had revenue of $333.85 million during the quarter, compared to the consensus estimate of $368.75 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, analysts forecast that Hecla Mining Company will post 0.46 earnings per share for the current year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a dividend of $0.0038 per share. This represents a $0.01 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, August 26th. Hecla Mining’s dividend payout ratio (DPR) is 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.