SPC Financial Inc. Increases Position in Hecla Mining (NYSE:HL)

SPC Financial Inc. boosted its holdings in Hecla Mining (NYSE:HL) by 81.9% in the third quarter, HoldingsChannel reports. The firm owned 25,100 shares of the basic materials company’s stock after purchasing an additional 11,300 shares during the period. SPC Financial Inc.’s holdings in Hecla Mining were worth $167,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC increased its position in shares of Hecla Mining by 27.7% in the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 2,916 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Hecla Mining by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock worth $1,639,000 after purchasing an additional 2,939 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Hecla Mining by 8.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 44,553 shares of the basic materials company’s stock valued at $216,000 after buying an additional 3,386 shares during the last quarter. Rathbones Group PLC raised its stake in Hecla Mining by 12.1% during the second quarter. Rathbones Group PLC now owns 40,729 shares of the basic materials company’s stock valued at $198,000 after buying an additional 4,400 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Hecla Mining by 2.4% during the 2nd quarter. Sei Investments Co. now owns 190,504 shares of the basic materials company’s stock worth $924,000 after buying an additional 4,514 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com lowered Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday. HC Wainwright reissued a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a report on Thursday, August 8th. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.56.

Insider Buying and Selling

In other Hecla Mining 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 transaction of $735,303.24. Following the sale, the vice president now owns 173,700 shares of the company’s stock, valued at $1,175,949. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Hecla Mining Price Performance

Shares of NYSE HL opened at $6.69 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 0.58. The firm has a market capitalization of $4.19 billion, a PE ratio of -44.60 and a beta of 2.01. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.40. The business’s fifty day moving average price is $6.23 and its two-hundred day moving average price is $5.68.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $245.66 million for the quarter, compared to analysts’ expectations of $208.80 million. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. During the same quarter last year, the company earned $0.03 EPS. On average, research analysts expect that Hecla Mining will post 0.07 EPS for the current year.

Hecla Mining Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 26th were issued a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Monday, August 26th. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s payout ratio is -33.33%.

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.