Yorktown Management & Research Co Inc Purchases New Stake in Hecla Mining Company (HL)
Yorktown Management & Research Co Inc purchased a new position in shares of Hecla Mining Company (NYSE:HL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 69,250 shares of the basic materials company’s stock, valued at approximately $348,000.
A number of other institutional investors and hedge funds have also bought and sold shares of HL. Ameriprise Financial Inc. raised its position in Hecla Mining by 27.8% during the 1st quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock worth $106,000 after buying an additional 4,384 shares during the last quarter. Trexquant Investment LP purchased a new position in Hecla Mining during the 2nd quarter worth approximately $124,000. Pacad Investment Ltd. raised its position in Hecla Mining by 10.4% during the 2nd quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock worth $140,000 after buying an additional 2,600 shares during the last quarter. Advisor Group Inc. raised its position in Hecla Mining by 148.1% during the 2nd quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock worth $142,000 after buying an additional 16,561 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Hecla Mining by 2.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock worth $162,000 after buying an additional 802 shares during the last quarter. 59.35% of the stock is owned by institutional investors.
HL has been the subject of a number of recent research reports. HC Wainwright reissued a “buy” rating and set a $8.50 price target on shares of Hecla Mining in a research report on Friday, October 13th. ValuEngine lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Royal Bank Of Canada set a $6.00 target price on shares of Hecla Mining and gave the company a “hold” rating in a report on Wednesday, October 18th. Canaccord Genuity reaffirmed a “hold” rating and set a $5.25 target price on shares of Hecla Mining in a report on Friday, October 6th. Finally, BMO Capital Markets assumed coverage on shares of Hecla Mining in a report on Friday, November 17th. They set a “market perform” rating and a $4.75 target price for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $6.27.
In related news, Director George R. Nethercutt, Jr. sold 62,500 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $5.24, for a total value of $327,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.
Shares of Hecla Mining Company (NYSE HL) traded up $0.07 during midday trading on Wednesday, reaching $3.92. 3,191,500 shares of the company traded hands, compared to its average volume of 5,677,350. The stock has a market cap of $1,536.22, a price-to-earnings ratio of 55.00, a PEG ratio of 77.00 and a beta of 0.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.15 and a current ratio of 2.69. Hecla Mining Company has a 12 month low of $3.63 and a 12 month high of $6.78.
Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $140.80 million during the quarter, compared to analyst estimates of $151.32 million. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The firm’s revenue was down 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. research analysts predict that Hecla Mining Company will post 0.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 21st will be issued a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Monday, November 20th. Hecla Mining’s payout ratio is presently 16.67%.
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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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