355,889 Shares in Hecla Mining (NYSE:HL) Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans bought a new stake in shares of Hecla Mining (NYSE:HL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 355,889 shares of the basic materials company’s stock, valued at approximately $2,373,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hollencrest Capital Management increased its position in Hecla Mining by 1.0% during the 3rd quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock valued at $1,659,000 after buying an additional 2,367 shares in the last quarter. KBC Group NV grew its stake in shares of Hecla Mining by 19.2% during the third quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 2,909 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Hecla Mining by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock valued at $1,639,000 after purchasing an additional 2,939 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Hecla Mining by 21.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 2,982 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its stake in Hecla Mining by 8.7% in the 3rd quarter. Financial Advocates Investment Management now owns 37,919 shares of the basic materials company’s stock worth $253,000 after purchasing an additional 3,037 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Price Performance

Shares of HL stock opened at $5.50 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. The company has a market capitalization of $3.45 billion, a PE ratio of -138.75 and a beta of 2.00. The firm’s 50-day moving average is $6.42 and its two-hundred day moving average is $5.89. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $245.09 million during the quarter, compared to analysts’ expectations of $232.03 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The business’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same period last year, the business earned ($0.01) earnings per share. Analysts predict that Hecla Mining will post 0.06 earnings per share for the current year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be issued a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, November 21st. Hecla Mining’s dividend payout ratio (DPR) is currently -125.00%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Roth Mkm decreased 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. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. TD Securities cut their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. HC Wainwright reaffirmed a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a report on Thursday, August 8th. Finally, StockNews.com downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.94.

Insider Buying and Selling

In related news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now directly owns 173,700 shares in the company, valued at approximately $1,175,949. This trade represents a 38.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by insiders.

About Hecla Mining

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.