Yousif Capital Management LLC Invests $2.48 Million in Hecla Mining Company $HL

Yousif Capital Management LLC bought a new stake in shares of Hecla Mining Company (NYSE:HL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 205,235 shares of the basic materials company’s stock, valued at approximately $2,483,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Transce3nd LLC purchased a new position in Hecla Mining in the 2nd quarter worth about $25,000. USA Financial Formulas acquired a new position in shares of Hecla Mining in the third quarter worth about $25,000. EverSource Wealth Advisors LLC increased its position in shares of Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 4,425 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Hecla Mining in the second quarter worth approximately $44,000. Finally, DRW Securities LLC acquired a new stake in shares of Hecla Mining during the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Transactions at Hecla Mining

In other news, VP David C. Sienko sold 207,553 shares of Hecla Mining stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the completion of the sale, the vice president directly owned 906,370 shares in the company, valued at $17,601,705.40. The trade was a 18.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Russell Douglas Lawlar sold 18,535 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $15.02, for a total value of $278,395.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 374,460 shares of company stock valued at $6,534,655 over the last ninety days. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. HC Wainwright raised their price objective on shares of Hecla Mining from $12.50 to $16.50 and gave the stock a “buy” rating in a research note on Thursday, November 6th. CIBC increased their target price on Hecla Mining from $15.00 to $16.50 and gave the company a “neutral” rating in a report on Tuesday, November 25th. Scotiabank initiated coverage on Hecla Mining in a research report on Thursday, November 13th. They issued a “sector perform” rating and a $15.00 target price for the company. Roth Capital set a $8.75 price target on Hecla Mining and gave the company a “sell” rating in a report on Friday, October 3rd. Finally, Wall Street Zen raised Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.22.

Hecla Mining Stock Up 1.7%

HL stock opened at $20.18 on Friday. The company has a 50 day moving average of $15.72 and a two-hundred day moving average of $10.96. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 65.09 and a beta of 1.36. Hecla Mining Company has a 12-month low of $4.46 and a 12-month high of $21.19. The company has a quick ratio of 1.51, a current ratio of 2.15 and a debt-to-equity ratio of 0.11.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The business had revenue of $409.54 million for the quarter, compared to the consensus estimate of $315.60 million. During the same period in the prior year, the business posted $0.03 earnings per share. Hecla Mining’s revenue for the quarter was up 67.1% compared to the same quarter last year. On average, equities analysts anticipate that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

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

About Hecla Mining

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.