Hecla Mining Company $HL Shares Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. boosted its position in shares of Hecla Mining Company (NYSE:HL) by 20.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 306,000 shares of the basic materials company’s stock after buying an additional 51,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Hecla Mining were worth $1,833,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pale Fire Capital SE acquired a new stake in Hecla Mining in the 1st quarter valued at about $41,360,000. Nuveen LLC bought a new stake in shares of Hecla Mining in the 1st quarter worth approximately $18,410,000. MetLife Investment Management LLC raised its holdings in shares of Hecla Mining by 869.3% in the 1st quarter. MetLife Investment Management LLC now owns 3,274,065 shares of the basic materials company’s stock worth $18,204,000 after purchasing an additional 2,936,288 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Hecla Mining by 8.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,827,696 shares of the basic materials company’s stock valued at $160,285,000 after purchasing an additional 2,306,239 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Hecla Mining during the first quarter valued at approximately $11,132,000. 63.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hecla Mining

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

Analysts Set New Price Targets

Several research analysts have issued reports on HL shares. CIBC lifted their price target on shares of Hecla Mining from $12.50 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Wall Street Zen upgraded Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday. Roth Capital set a $8.75 target price on Hecla Mining and gave the stock a “sell” rating in a report on Friday, October 3rd. BMO Capital Markets boosted their target price on Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hecla Mining in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.75.

Hecla Mining Trading Down 1.0%

NYSE HL opened at $12.74 on Tuesday. The firm’s 50 day moving average price is $11.58 and its two-hundred day moving average price is $7.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 2.67. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $15.44. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 79.61 and a beta of 1.31.

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

Hecla Mining Announces Dividend

The firm also recently announced 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. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, August 22nd. Hecla Mining’s payout ratio is 6.25%.

Hecla Mining Company 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.