Inspire Investing LLC Has $393,000 Holdings in Hecla Mining Company $HL

Inspire Investing LLC increased its stake in Hecla Mining Company (NYSE:HL) by 6.2% in the second quarter, Holdings Channel.com reports. The firm owned 65,686 shares of the basic materials company’s stock after purchasing an additional 3,824 shares during the quarter. Inspire Investing LLC’s holdings in Hecla Mining were worth $393,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in Hecla Mining in the 1st quarter worth $2,964,000. Dark Forest Capital Management LP boosted its stake in shares of Hecla Mining by 146.8% during the 1st quarter. Dark Forest Capital Management LP now owns 647,748 shares of the basic materials company’s stock worth $3,601,000 after buying an additional 385,283 shares during the last quarter. Martingale Asset Management L P acquired a new position in shares of Hecla Mining during the 1st quarter worth about $187,000. Vanguard Group Inc. boosted its stake in shares of Hecla Mining by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 62,830,935 shares of the basic materials company’s stock worth $349,340,000 after buying an additional 1,437,895 shares during the last quarter. Finally, Pale Fire Capital SE acquired a new position in shares of Hecla Mining during the 1st quarter worth about $41,360,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HL. HC Wainwright increased their price objective on shares of Hecla Mining from $11.50 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Roth Capital set a $8.75 price objective on shares of Hecla Mining and gave the stock a “sell” rating in a research note on Friday, October 3rd. BMO Capital Markets increased 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. Weiss Ratings restated a “hold (c)” rating on shares of Hecla Mining in a research note on Wednesday, October 8th. Finally, CIBC increased their price objective on shares of Hecla Mining from $12.50 to $15.00 and gave the stock a “neutral” rating in a research note on Friday. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.75.

Hecla Mining Stock Up 7.8%

Shares of HL stock opened at $13.52 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 2.67. The firm’s 50-day moving average is $9.83 and its 200-day moving average is $7.11. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 84.47 and a beta of 1.31. Hecla Mining Company has a 52-week low of $4.46 and a 52-week high of $13.84.

Hecla Mining (NYSE:HL) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $304.03 million for the quarter, compared to analysts’ expectations of $248.93 million. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. Hecla Mining’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 EPS. Sell-side analysts predict that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd were issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, August 22nd. Hecla Mining’s dividend payout ratio is currently 6.25%.

Insiders Place Their Bets

In other Hecla Mining news, VP Stuart Maurice Absolom sold 14,472 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $11.29, for a total value of $163,388.88. Following the transaction, the vice president directly owned 73,200 shares of the company’s stock, valued at $826,428. This represents a 16.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Hecla Mining Company 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.