Quantitative Investment Management LLC Buys Shares of 99,265 Hecla Mining (NYSE:HL)

Quantitative Investment Management LLC bought a new stake in Hecla Mining (NYSE:HLGet Rating) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 99,265 shares of the basic materials company’s stock, valued at approximately $652,000.

Several other institutional investors also recently bought and sold shares of HL. AlphaCrest Capital Management LLC acquired a new position in Hecla Mining in the 4th quarter valued at about $345,000. BNP Paribas Arbitrage SA grew its position in shares of Hecla Mining by 95.0% during the fourth quarter. BNP Paribas Arbitrage SA now owns 265,034 shares of the basic materials company’s stock worth $1,383,000 after buying an additional 129,123 shares in the last quarter. Rafferty Asset Management LLC acquired a new position in shares of Hecla Mining during the fourth quarter worth about $187,000. Capital Fund Management S.A. grew its position in shares of Hecla Mining by 5.9% during the fourth quarter. Capital Fund Management S.A. now owns 920,082 shares of the basic materials company’s stock worth $4,803,000 after buying an additional 51,250 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new position in shares of Hecla Mining during the fourth quarter worth about $981,000. 60.33% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Stock Performance

HL stock opened at $4.17 on Friday. The business has a 50 day moving average price of $4.12 and a 200 day moving average price of $5.09. Hecla Mining has a fifty-two week low of $3.44 and a fifty-two week high of $7.66. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.56 and a current ratio of 2.04.

Hecla Mining (NYSE:HLGet Rating) last posted its earnings results on Thursday, August 4th. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $191.20 million during the quarter, compared to analysts’ expectations of $195.50 million. Hecla Mining had a return on equity of 2.01% and a net margin of 0.20%. The firm’s revenue was down 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. As a group, research analysts predict that Hecla Mining will post 0.02 EPS for the current fiscal year.

Hecla Mining Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were paid a dividend of $0.0063 per share. This is a boost from Hecla Mining’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.03 annualized dividend and a yield of 0.60%. Hecla Mining’s payout ratio is presently -15.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HL. StockNews.com raised Hecla Mining from a “sell” rating to a “hold” rating in a research report on Friday, July 22nd. BMO Capital Markets lowered their price objective on Hecla Mining from $5.25 to $4.75 and set a “market perform” rating for the company in a research report on Friday. Finally, Canaccord Genuity Group lowered their price objective on Hecla Mining from $5.00 to $3.50 in a research report on Wednesday, July 6th.

Hecla Mining Profile

(Get Rating)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold.

See Also

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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