Pekin Hardy Strauss Inc. Buys 54,000 Shares of Hecla Mining Company $HL

Pekin Hardy Strauss Inc. raised its stake in shares of Hecla Mining Company (NYSE:HL) by 28.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 246,330 shares of the basic materials company’s stock after purchasing an additional 54,000 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Hecla Mining were worth $1,476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in HL. Principal Financial Group Inc. boosted its stake in Hecla Mining by 22.0% during the first quarter. Principal Financial Group Inc. now owns 39,611 shares of the basic materials company’s stock valued at $220,000 after buying an additional 7,149 shares during the last quarter. D.A. Davidson & CO. increased its stake in Hecla Mining by 387.4% in the 1st quarter. D.A. Davidson & CO. now owns 69,812 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 55,488 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Hecla Mining by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 2,913,645 shares of the basic materials company’s stock worth $16,200,000 after acquiring an additional 115,512 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of Hecla Mining during the 1st quarter valued at approximately $784,000. Finally, Xponance Inc. boosted its position in shares of Hecla Mining by 5.9% during the 1st quarter. Xponance Inc. now owns 45,092 shares of the basic materials company’s stock valued at $251,000 after acquiring an additional 2,525 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Up 2.3%

NYSE:HL opened at $13.86 on Friday. The company has a market cap of $9.29 billion, a price-to-earnings ratio of 86.63 and a beta of 1.29. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $15.44. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $11.96 and a 200-day simple moving average of $8.12.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $409.54 million during the quarter, compared to analyst estimates of $315.60 million. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The firm’s revenue for the quarter was up 67.1% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. Analysts anticipate that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, November 24th. Hecla Mining’s dividend payout ratio is currently 3.23%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. HC Wainwright lifted their price objective on shares of Hecla Mining from $12.50 to $16.50 and gave the stock a “buy” rating in a research note on Thursday. CIBC lifted their target price on Hecla Mining from $12.50 to $15.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Wall Street Zen raised Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Hecla Mining in a report on Wednesday, October 8th. Finally, BMO Capital Markets lifted their price objective on shares of Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Two investment 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.32.

Insider Buying and Selling at Hecla Mining

In related news, VP Stuart Maurice Absolom sold 14,472 shares of Hecla Mining stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $11.29, for a total value of $163,388.88. Following the completion of the sale, the vice president directly owned 73,200 shares in the company, valued at $826,428. The trade was a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Hecla Mining Profile

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.