Hecla Mining (NYSE:HL) Shares Acquired by SCP Investment LP

SCP Investment LP increased its position in Hecla Mining (NYSE:HL) by 30.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,800 shares of the basic materials company’s stock after acquiring an additional 4,800 shares during the period. Hecla Mining makes up about 0.0% of SCP Investment LP’s investment portfolio, making the stock its 24th biggest position. SCP Investment LP’s holdings in Hecla Mining were worth $118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HL. Proffitt & Goodson Inc. acquired a new stake in Hecla Mining during the 1st quarter valued at $35,000. Capital Asset Advisory Services LLC acquired a new stake in Hecla Mining during the 4th quarter valued at $47,000. The PNC Financial Services Group Inc. grew its holdings in Hecla Mining by 38.3% during the 1st quarter. The PNC Financial Services Group Inc. now owns 10,840 shares of the basic materials company’s stock valued at $61,000 after buying an additional 3,000 shares during the last quarter. One One Wealth Management LLC acquired a new stake in Hecla Mining during the 1st quarter valued at $71,000. Finally, Schmidt P J Investment Management Inc. grew its holdings in Hecla Mining by 16.7% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 14,000 shares of the basic materials company’s stock valued at $84,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 58.52% of the company’s stock.

In related news, Director Stephen F. Ralbovsky sold 11,150 shares of the stock in a transaction on Thursday, June 10th. The stock was sold at an average price of $8.98, for a total value of $100,127.00. Following the completion of the sale, the director now directly owns 6,123 shares in the company, valued at approximately $54,984.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director George R. Nethercutt, Jr. sold 5,000 shares of the stock in a transaction on Monday, May 17th. The shares were sold at an average price of $8.20, for a total value of $41,000.00. Following the completion of the sale, the director now owns 29,186 shares of the company’s stock, valued at $239,325.20. The disclosure for this sale can be found here. Insiders sold a total of 827,568 shares of company stock worth $7,382,370 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

HL has been the topic of a number of analyst reports. Zacks Investment Research cut Hecla Mining from a “buy” rating to a “hold” rating in a report on Wednesday, May 12th. Cantor Fitzgerald cut Hecla Mining from a “buy” rating to a “hold” rating and set a $5.75 target price on the stock. in a report on Thursday, February 18th. CIBC increased their price target on Hecla Mining from $7.50 to $8.95 and gave the stock a “neutral” rating in a research note on Wednesday, May 19th. HC Wainwright increased their price target on Hecla Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research note on Friday, May 7th. Finally, TheStreet raised Hecla Mining from a “c” rating to a “b-” rating in a research note on Monday, May 10th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Hecla Mining currently has an average rating of “Hold” and an average target price of $6.89.

Shares of HL traded down $0.15 during trading hours on Friday, hitting $9.13. The stock had a trading volume of 83,298 shares, compared to its average volume of 10,339,797. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.87 and a current ratio of 2.73. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 309.44, a P/E/G ratio of 48.43 and a beta of 2.24. The stock has a fifty day simple moving average of $7.40. Hecla Mining has a 12-month low of $2.73 and a 12-month high of $9.44.

Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, May 6th. The basic materials company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $210.90 million for the quarter, compared to analyst estimates of $208.55 million. Hecla Mining had a return on equity of 4.46% and a net margin of 2.53%. The business’s quarterly revenue was up 54.1% on a year-over-year basis. During the same period last year, the company posted ($0.03) EPS. As a group, sell-side analysts expect that Hecla Mining will post 0.19 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 3rd. Investors of record on Thursday, May 20th were given a $0.011 dividend. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Wednesday, May 19th. Hecla Mining’s dividend payout ratio (DPR) is 125.00%.

Hecla Mining Profile

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 offers lead, zinc, and bulk concentrates, as well as carbon materials to custom smelters, metal traders, and third-party processors; and unrefined gold and silver bullion bars to precious metals traders.

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

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