51,194 Shares in Hecla Mining (NYSE:HL) Bought by Headlands Technologies LLC

Headlands Technologies LLC purchased a new stake in shares of Hecla Mining (NYSE:HL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 51,194 shares of the basic materials company’s stock, valued at approximately $248,000.

Other large investors have also added to or reduced their stakes in the company. Continuum Advisory LLC grew its position in shares of Hecla Mining by 313.6% in the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock worth $32,000 after buying an additional 4,967 shares during the last quarter. Innealta Capital LLC purchased a new stake in Hecla Mining in the second quarter worth $41,000. Ballentine Partners LLC bought a new stake in Hecla Mining in the second quarter valued at $54,000. Oak Family Advisors LLC purchased a new position in Hecla Mining during the 2nd quarter valued at $55,000. Finally, Empowered Funds LLC raised its holdings in Hecla Mining by 27.7% in the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 2,916 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Performance

Shares of HL opened at $6.83 on Friday. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $6.86. The company has a quick ratio of 0.58, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.30 billion, a P/E ratio of -45.50 and a beta of 2.00. The business’s 50 day moving average price is $5.70 and its 200-day moving average price is $5.26.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. The business had revenue of $245.66 million for the quarter, compared to the consensus estimate of $208.80 million. During the same period in the previous year, the company posted $0.03 earnings per share. Equities research analysts anticipate that Hecla Mining will post 0.04 earnings per share for the current fiscal year.

Hecla Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 26th were issued a $0.0138 dividend. The ex-dividend date was 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 yield of 0.81%. Hecla Mining’s payout ratio is -33.33%.

Insider Transactions at Hecla Mining

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 11,679 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $4.91, for a total transaction 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 document filed with the SEC, which is accessible through the SEC website. In other Hecla Mining news, CFO Russell Douglas Lawlar sold 11,679 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 393,894 shares of the company’s stock, valued at approximately $1,934,019.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Michael L. Clary sold 30,634 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were 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 approximately $1,728,182.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,105 shares of company stock worth $329,486. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

HL has been the topic of a number of research reports. Cibc World Mkts raised shares of Hecla Mining to a “hold” rating in a research note on Wednesday, May 22nd. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a research report on Thursday, August 8th. CIBC increased their target price on Hecla Mining from $6.75 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Finally, Roth Mkm dropped their price target on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hecla Mining currently has an average rating of “Moderate Buy” and a consensus price target of $7.13.

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.