BT Investment Management Ltd bought a new stake in Hecla Mining Company (NYSE:HL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,290,038 shares of the basic materials company’s stock, valued at approximately $77,979,000. BT Investment Management Ltd owned 3.83% of Hecla Mining as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in Hecla Mining by 27.8% in the first quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 4,384 shares during the period. Trexquant Investment LP purchased a new stake in Hecla Mining in the second quarter valued at approximately $124,000. Pacad Investment Ltd. grew its holdings in Hecla Mining by 10.4% in the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 2,600 shares during the period. Virtu Financial LLC purchased a new stake in Hecla Mining in the second quarter valued at approximately $143,000. Finally, Eqis Capital Management Inc. purchased a new stake in Hecla Mining in the first quarter valued at approximately $144,000. Hedge funds and other institutional investors own 59.36% of the company’s stock.

A number of equities research analysts recently issued reports on HL shares. BidaskClub downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Friday, June 16th. ValuEngine downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Canaccord Genuity reiterated a “hold” rating and set a $5.00 price objective on shares of Hecla Mining in a research note on Thursday, September 7th. HC Wainwright reiterated a “buy” rating and set a $8.00 price objective on shares of Hecla Mining in a research note on Sunday, June 25th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $6.00 price objective on shares of Hecla Mining in a research note on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Hecla Mining currently has a consensus rating of “Hold” and an average target price of $6.43.

Hecla Mining Company (HL) traded down 0.20% on Friday, hitting $5.08. 1,741,271 shares of the stock were exchanged. The company has a market cap of $2.03 billion, a P/E ratio of 41.30 and a beta of 0.40. The company’s 50 day moving average price is $5.13 and its 200-day moving average price is $5.32. Hecla Mining Company has a one year low of $4.61 and a one year high of $7.64.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.05). The business had revenue of $134.30 million for the quarter, compared to the consensus estimate of $130.54 million. Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. Hecla Mining’s revenue was down 21.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. Equities research analysts predict that Hecla Mining Company will post $0.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd were issued a dividend of $0.0025 per share. The ex-dividend date was Monday, August 21st. This represents a $0.01 annualized dividend and a yield of 0.20%. Hecla Mining’s dividend payout ratio (DPR) is presently 7.69%.

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Hecla Mining 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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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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