GSA Capital Partners LLP Takes $786,000 Position in Hecla Mining Company $HL

GSA Capital Partners LLP purchased a new position in Hecla Mining Company (NYSE:HL) during the second quarter, HoldingsChannel reports. The firm purchased 50,922 shares of the basic materials company’s stock, valued at approximately $786,000.

Other large investors also recently modified their holdings of the company. State Street Corp increased its position in Hecla Mining by 14.8% during the third quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock valued at $417,278,000 after acquiring an additional 4,453,706 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Hecla Mining by 14.7% during the 2nd quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock valued at $120,509,000 after purchasing an additional 2,574,855 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hecla Mining by 40.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock valued at $102,144,000 after purchasing an additional 4,928,130 shares during the period. Geode Capital Management LLC increased its position in shares of Hecla Mining by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 16,620,647 shares of the basic materials company’s stock valued at $319,000,000 after purchasing an additional 1,770,949 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Hecla Mining by 86.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company’s stock valued at $244,003,000 after purchasing an additional 5,906,313 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HL. Zacks Research raised shares of Hecla Mining to a “hold” rating in a report on Friday, July 17th. Weiss Ratings raised shares of Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, April 29th. HC Wainwright decreased their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Scotiabank dropped their price target on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.12.

Hecla Mining Stock Down 4.7%

Shares of HL opened at $17.94 on Wednesday. The business has a 50-day simple moving average of $15.78 and a two-hundred day simple moving average of $18.31. Hecla Mining Company has a 52 week low of $7.40 and a 52 week high of $34.17. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 36.62 and a beta of 1.32.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $333.85 million for the quarter, compared to analysts’ expectations of $368.75 million. Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 earnings per share. On average, equities analysts anticipate that Hecla Mining Company will post 0.47 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.0038 per share. The ex-dividend date is Wednesday, August 26th. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is presently 2.04%.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.