Comprehensive Money Management Services LLC Has $238,000 Stake in Hecla Mining Company $HL

Comprehensive Money Management Services LLC reduced its holdings in Hecla Mining Company (NYSE:HL) by 13.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,805 shares of the basic materials company’s stock after selling 6,440 shares during the quarter. Comprehensive Money Management Services LLC’s holdings in Hecla Mining were worth $238,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank acquired a new stake in shares of Hecla Mining in the first quarter valued at about $2,964,000. Dark Forest Capital Management LP grew its position in shares of Hecla Mining by 146.8% in 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 during the last quarter. Martingale Asset Management L P acquired a new stake in shares of Hecla Mining in the first quarter valued at about $187,000. Vanguard Group Inc. grew its position in shares of Hecla Mining by 2.3% in the first quarter. Vanguard Group Inc. now owns 62,830,935 shares of the basic materials company’s stock valued at $349,340,000 after purchasing an additional 1,437,895 shares during the last quarter. Finally, Pale Fire Capital SE acquired a new stake in shares of Hecla Mining in the first quarter valued at about $41,360,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HL shares. Roth Capital set a $8.75 price target on Hecla Mining and gave the company a “sell” rating in a research report on Friday, October 3rd. HC Wainwright raised their price target on Hecla Mining from $11.50 to $12.50 and gave the company a “buy” rating in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. National Bankshares set a $7.00 target price on shares of Hecla Mining in a research note on Friday, June 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hecla Mining in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $8.75.

Hecla Mining Stock Down 1.8%

NYSE HL opened at $12.57 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 2.67. The firm has a 50-day simple moving average of $9.68 and a 200 day simple moving average of $7.03. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $13.84. The stock has a market cap of $8.42 billion, a PE ratio of 78.54 and a beta of 1.31.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $304.03 million during the quarter, compared to analysts’ expectations of $248.93 million. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 earnings per share. On average, research analysts forecast that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.0038 per share. The ex-dividend date was Friday, August 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is currently 6.25%.

Insider Buying and Selling

In other Hecla Mining news, VP Stuart Maurice Absolom sold 14,472 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $11.29, for a total transaction of $163,388.88. Following the completion of the transaction, the vice president owned 73,200 shares in the company, valued at $826,428. This trade represents a 16.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by corporate insiders.

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.