SG Americas Securities LLC Acquires 102,392 Shares of Hecla Mining (NYSE:HL)

SG Americas Securities LLC increased its stake in Hecla Mining (NYSE:HL) by 261.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,600 shares of the basic materials company’s stock after acquiring an additional 102,392 shares during the quarter. SG Americas Securities LLC’s holdings in Hecla Mining were worth $687,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Tidal Investments LLC acquired a new position in shares of Hecla Mining during the first quarter valued at about $42,576,000. Van ECK Associates Corp increased its stake in shares of Hecla Mining by 6.8% in the first quarter. Van ECK Associates Corp now owns 60,513,592 shares of the basic materials company’s stock worth $291,070,000 after purchasing an additional 3,827,580 shares in the last quarter. Norges Bank purchased a new position in Hecla Mining in the 4th quarter valued at approximately $13,761,000. Vanguard Group Inc. grew its position in shares of Hecla Mining by 2.6% in the first quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock valued at $285,811,000 after purchasing an additional 1,506,573 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in Hecla Mining by 19.0% during the 1st quarter. Jupiter Asset Management Ltd. now owns 7,310,422 shares of the basic materials company’s stock worth $35,163,000 after purchasing an additional 1,165,256 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

HL has been the subject of several analyst reports. Roth Mkm cut their price target on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a report on Thursday, August 8th. StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a research report on Thursday, May 9th. HC Wainwright reissued a “buy” rating and issued a $10.25 price target on shares of Hecla Mining in a report on Thursday, August 8th. Cantor Fitzgerald upgraded shares of Hecla Mining to a “strong-buy” rating in a research report on Thursday, May 9th. Finally, CIBC raised their price target on Hecla Mining from $6.75 to $7.50 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.89.

Hecla Mining Stock Performance

Shares of HL stock opened at $5.63 on Monday. The company has a market capitalization of $3.53 billion, a P/E ratio of -37.53 and a beta of 2.01. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.67. The stock has a 50 day moving average price of $5.36 and a two-hundred day moving average price of $4.95.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $245.66 million during the quarter, compared to analyst estimates of $208.80 million. Hecla Mining had a negative net margin of 12.22% and a negative return on equity of 0.28%. During the same period in the prior year, the business posted $0.03 EPS. Analysts expect that Hecla Mining will post 0.05 earnings per share for the current year.

Hecla Mining Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 26th will be paid a $0.0138 dividend. The ex-dividend date of this dividend is Monday, August 26th. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. This represents a $0.06 annualized dividend and a dividend yield of 0.98%. Hecla Mining’s dividend payout ratio (DPR) is presently -33.33%.

Insider Activity at Hecla Mining

In other news, CFO Russell Douglas Lawlar sold 11,679 shares of Hecla Mining stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $4.91, for a total value of $57,343.89. Following the sale, the chief financial officer now directly owns 393,894 shares in the company, valued at approximately $1,934,019.54. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Michael L. Clary sold 30,634 shares of Hecla Mining stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total transaction of $150,412.94. Following the sale, the chief accounting officer now directly owns 351,972 shares in the company, valued at $1,728,182.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Russell Douglas Lawlar sold 11,679 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $4.91, for a total value of $57,343.89. Following the completion of the sale, the chief financial officer now directly owns 393,894 shares in the company, valued at $1,934,019.54. The disclosure for this sale can be found here. Insiders have sold a total of 67,105 shares of company stock worth $329,486 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.