First Trust Advisors LP boosted its position in Hecla Mining (NYSE:HL) by 1,751.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 277,004 shares of the basic materials company’s stock after purchasing an additional 262,043 shares during the quarter. First Trust Advisors LP owned about 0.07% of Hecla Mining worth $964,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Financial Advocates Investment Management acquired a new position in Hecla Mining in the 1st quarter valued at about $103,000. Clinton Group Inc. acquired a new position in Hecla Mining in the 1st quarter valued at about $216,000. Xact Kapitalforvaltning AB raised its stake in Hecla Mining by 34.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 60,916 shares of the basic materials company’s stock valued at $224,000 after purchasing an additional 15,600 shares during the last quarter. SG Americas Securities LLC raised its stake in Hecla Mining by 193.3% in the 1st quarter. SG Americas Securities LLC now owns 62,832 shares of the basic materials company’s stock valued at $231,000 after purchasing an additional 41,411 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in Hecla Mining in the 1st quarter valued at about $263,000. 51.96% of the stock is owned by hedge funds and other institutional investors.

NYSE HL opened at $2.99 on Wednesday. Hecla Mining has a 12 month low of $2.59 and a 12 month high of $5.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.35 and a quick ratio of 2.77. The stock has a market cap of $1.35 billion, a PE ratio of 29.90, a P/E/G ratio of 88.44 and a beta of 0.15.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, August 9th. The basic materials company reported $0.01 EPS for the quarter. Hecla Mining had a negative net margin of 1.02% and a positive return on equity of 2.91%. The company had revenue of $147.30 million during the quarter, compared to the consensus estimate of $143.33 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. analysts expect that Hecla Mining will post 0.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 24th were paid a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Thursday, August 23rd. Hecla Mining’s dividend payout ratio is currently 10.00%.

Several brokerages recently weighed in on HL. ValuEngine raised shares of Hecla Mining from a “strong sell” rating to a “sell” rating in a research note on Monday. Roth Capital initiated coverage on shares of Hecla Mining in a research note on Monday, September 10th. They issued a “buy” rating and a $5.00 target price for the company. Zacks Investment Research raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Thursday, August 16th. Canaccord Genuity reaffirmed a “hold” rating and set a $3.25 price objective on shares of Hecla Mining in a research note on Monday, August 13th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $4.00 price objective on shares of Hecla Mining in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $4.81.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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

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