SG Americas Securities LLC Sells 238,015 Shares of Hecla Mining Company $HL

SG Americas Securities LLC reduced its holdings in Hecla Mining Company (NYSE:HLFree Report) by 92.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 20,559 shares of the basic materials company’s stock after selling 238,015 shares during the quarter. SG Americas Securities LLC’s holdings in Hecla Mining were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hecla Mining by 40.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock valued at $102,144,000 after acquiring an additional 4,928,130 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Hecla Mining by 14.7% during the 2nd quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock valued at $120,509,000 after purchasing an additional 2,574,855 shares in the last quarter. Balyasny Asset Management L.P. increased its position in shares of Hecla Mining by 565.9% during the second quarter. Balyasny Asset Management L.P. now owns 2,431,420 shares of the basic materials company’s stock valued at $14,564,000 after buying an additional 2,066,310 shares during the period. State Street Corp lifted its holdings in Hecla Mining by 7.2% in the second quarter. State Street Corp now owns 30,032,111 shares of the basic materials company’s stock worth $179,892,000 after buying an additional 2,029,327 shares during the period. Finally, Man Group plc boosted its position in Hecla Mining by 73.4% during the 2nd quarter. Man Group plc now owns 3,493,325 shares of the basic materials company’s stock valued at $20,925,000 after acquiring an additional 1,479,049 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at Hecla Mining

In other news, CFO Russell Douglas Lawlar sold 18,535 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $15.02, for a total transaction of $278,395.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David C. Sienko sold 207,553 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total value of $4,030,679.26. Following the sale, the vice president directly owned 906,370 shares in the company, valued at approximately $17,601,705.40. This represents a 18.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 426,679 shares of company stock worth $7,678,773. Insiders own 1.40% of the company’s stock.

Hecla Mining Price Performance

HL opened at $28.35 on Wednesday. The firm has a market cap of $19.00 billion, a PE ratio of 91.46 and a beta of 1.28. The stock has a 50-day moving average price of $20.44 and a 200-day moving average price of $13.82. Hecla Mining Company has a 1 year low of $4.46 and a 1 year high of $34.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.51.

Hecla Mining (NYSE:HLGet Free Report) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $409.54 million during the quarter, compared to analyst estimates of $315.60 million. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. Hecla Mining’s revenue was up 67.1% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. Sell-side analysts predict that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, November 24th. Hecla Mining’s payout ratio is presently 3.23%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HL. BMO Capital Markets increased their target price on Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a research report on Tuesday. Zacks Research raised Hecla Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Scotiabank upped their target price on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday. Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, Roth Mkm restated a “sell” rating and issued a $16.00 price objective on shares of Hecla Mining in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.06.

Check Out Our Latest Analysis on HL

Key Stories Impacting Hecla Mining

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About Hecla Mining

(Free Report)

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.

Further Reading

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

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