Hecla Mining Company (HL) Shares Sold by Carnick & Kubik Group LLC
Carnick & Kubik Group LLC decreased its stake in Hecla Mining Company (NYSE:HL) by 29.7% during the second quarter, Holdings Channel reports. The fund owned 26,000 shares of the basic materials company’s stock after selling 11,000 shares during the period. Carnick & Kubik Group LLC’s holdings in Hecla Mining were worth $133,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board boosted its position in Hecla Mining by 56.3% in the second quarter. Canada Pension Plan Investment Board now owns 471,100 shares of the basic materials company’s stock valued at $2,403,000 after buying an additional 169,700 shares in the last quarter. Trexquant Investment LP bought a new position in Hecla Mining during the second quarter valued at approximately $124,000. Global X Management Co. LLC boosted its position in Hecla Mining by 4.1% in the second quarter. Global X Management Co. LLC now owns 3,304,891 shares of the basic materials company’s stock valued at $16,855,000 after buying an additional 129,199 shares in the last quarter. Supplemental Annuity Collective Trust of NJ boosted its position in Hecla Mining by 9.1% in the second quarter. Supplemental Annuity Collective Trust of NJ now owns 120,000 shares of the basic materials company’s stock valued at $612,000 after buying an additional 10,000 shares in the last quarter. Finally, Aperio Group LLC boosted its position in Hecla Mining by 15.2% in the second quarter. Aperio Group LLC now owns 82,293 shares of the basic materials company’s stock valued at $420,000 after buying an additional 10,841 shares in the last quarter. Hedge funds and other institutional investors own 57.53% of the company’s stock.
Shares of Hecla Mining Company (HL) opened at 5.03 on Thursday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 20.36 and a beta of 0.44. Hecla Mining Company has a 1-year low of $4.61 and a 1-year high of $7.64. The company has a 50 day moving average of $5.19 and a 200 day moving average of $5.55.
Hecla Mining (NYSE:HL) last released its earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.05. The company had revenue of $134.30 million for the quarter, compared to analyst estimates of $130.54 million. Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. The firm’s revenue was down 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 EPS. On average, equities analysts forecast that Hecla Mining Company will post $0.10 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.0025 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.01 dividend on an annualized basis and a yield of 0.20%. Hecla Mining’s dividend payout ratio (DPR) is presently 7.69%.
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Several research firms have recently commented on HL. HC Wainwright restated a “buy” rating and set a $8.00 price target on shares of Hecla Mining in a report on Sunday, June 25th. BidaskClub cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Royal Bank Of Canada set a $6.00 price target on shares of Hecla Mining and gave the company a “hold” rating in a report on Monday, April 24th. ValuEngine cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, TheStreet upgraded shares of Hecla Mining from a “c+” rating to a “b” rating in a report on Monday, June 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $6.94.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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