48,898 Shares in Hecla Mining Company $HL Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of Hecla Mining Company (NYSE:HL) in the second quarter, HoldingsChannel reports. The fund purchased 48,898 shares of the basic materials company’s stock, valued at approximately $754,000.

Other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in shares of Hecla Mining by 74.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 631 shares during the last quarter. Sittner & Nelson LLC bought a new position in Hecla Mining in the fourth quarter valued at $29,000. Rothschild Investment LLC grew its position in Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 781 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in Hecla Mining in the 4th quarter valued at $31,000. Finally, CIBC Private Wealth Group LLC increased its stake in Hecla Mining by 134.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock valued at $32,000 after buying an additional 957 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on HL. Jefferies Financial Group initiated coverage on Hecla Mining in a report on Thursday, August 20th. They issued a “hold” rating and a $22.00 price objective for the company. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised Hecla Mining to a “hold” rating in a report on Friday, July 17th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, April 29th. Finally, Scotiabank decreased their target price on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hecla Mining has an average rating of “Hold” and an average target price of $23.82.

Hecla Mining Stock Performance

Shares of NYSE:HL opened at $20.77 on Thursday. Hecla Mining Company has a 52-week low of $7.78 and a 52-week high of $34.17. The company has a market capitalization of $13.95 billion, a P/E ratio of 42.39 and a beta of 1.32. The company has a 50-day simple moving average of $16.39 and a 200 day simple moving average of $18.22.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results 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 business had revenue of $333.85 million for the quarter, compared to analyst estimates of $368.75 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.Hecla Mining’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. As a group, equities analysts forecast that Hecla Mining Company will post 0.46 earnings per share for the current year.

Hecla Mining Announces Dividend

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