WINTON GROUP Ltd Buys Shares of 45,400 Hecla Mining Company $HL

WINTON GROUP Ltd purchased a new position in Hecla Mining Company (NYSE:HL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 45,400 shares of the basic materials company’s stock, valued at approximately $701,000.

Several other hedge funds have also recently made changes to their positions in HL. Sittner & Nelson LLC bought a new position in Hecla Mining during the fourth quarter valued at approximately $29,000. Eurizon Capital SGR S.p.A. purchased a new stake in Hecla Mining during the 4th quarter valued at $31,000. Rothschild Investment LLC raised its stake in Hecla Mining by 93.5% during the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after buying an additional 781 shares during the last quarter. Tucker Asset Management LLC bought a new position in shares of Hecla Mining during the 4th quarter valued at $38,000. Finally, Clearstead Advisors LLC boosted its stake in shares of Hecla Mining by 462.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,227 shares of the basic materials company’s stock worth $43,000 after buying an additional 1,831 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Price Performance

Shares of HL stock opened at $18.82 on Tuesday. The company has a market cap of $12.64 billion, a price-to-earnings ratio of 38.41 and a beta of 1.38. Hecla Mining Company has a 1 year low of $10.38 and a 1 year high of $34.17. The firm has a fifty day moving average price of $17.60 and a 200-day moving average price of $17.98.

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

Hecla Mining Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on HL shares. Weiss Ratings raised Hecla Mining from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 8th. Zacks Research upgraded Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Jefferies Financial Group initiated coverage on shares of Hecla Mining in a research report on Thursday, August 20th. They set a “hold” rating and a $22.00 price target for the company. Finally, Scotiabank lowered their price objective on shares of 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. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Hecla Mining currently has a consensus rating of “Hold” and a consensus price target of $23.82.

Hecla Mining Company Profile

Hecla Mining Company (NYSE: HL) is a precious and base metals mining company focused primarily on the exploration, development, and production of silver, gold, lead, and zinc. The company sells concentrates and refined metals produced from its mining operations and also maintains a portfolio of exploration and development properties.

Founded in 1891, Hecla is one of the oldest U.S.-based mining companies. Its operating portfolio has included the Greens Creek silver, gold, lead, and zinc mine near Juneau, Alaska; the Lucky Friday silver, lead, and zinc mine in Idaho; the Keno Hill silver district in Yukon, Canada; and the Casa Berardi gold mine in Quebec, Canada.

Through these operations and related exploration activities, Hecla serves the North American metals market, with production and mineral assets located in the United States and Canada.