Arrowroot Family Office LLC Takes $69,000 Position in Hecla Mining Company $HL

Arrowroot Family Office LLC acquired a new stake in shares of Hecla Mining Company (NYSE:HL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,469 shares of the basic materials company’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS raised its stake in Hecla Mining by 1.5% during the second quarter. KLP Kapitalforvaltning AS now owns 125,800 shares of the basic materials company’s stock valued at $754,000 after buying an additional 1,900 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its position in shares of Hecla Mining by 10.9% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 21,657 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 2,135 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Hecla Mining by 5.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 47,710 shares of the basic materials company’s stock worth $286,000 after purchasing an additional 2,283 shares during the period. Baader Bank Aktiengesellschaft raised its holdings in shares of Hecla Mining by 6.4% during the second quarter. Baader Bank Aktiengesellschaft now owns 39,402 shares of the basic materials company’s stock worth $236,000 after purchasing an additional 2,368 shares during the period. Finally, Xponance Inc. raised its holdings in shares of Hecla Mining by 5.9% during the first quarter. Xponance Inc. now owns 45,092 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 2,525 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insiders Place Their Bets

In other Hecla Mining news, VP Stuart Maurice Absolom sold 14,472 shares of Hecla Mining stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $11.29, for a total transaction of $163,388.88. Following the transaction, the vice president directly owned 73,200 shares in the company, valued at approximately $826,428. The trade was a 16.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

Hecla Mining Price Performance

HL stock opened at $12.08 on Thursday. The firm has a 50-day moving average of $11.74 and a two-hundred day moving average of $8.02. The firm has a market capitalization of $8.09 billion, a PE ratio of 75.50 and a beta of 1.31. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. Hecla Mining Company has a one year low of $4.46 and a one year high of $15.44.

Hecla Mining (NYSE:HL) last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $304.03 million for the quarter, compared to the consensus estimate of $248.93 million. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share. On average, analysts forecast that Hecla Mining Company will post 0.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HL. BMO Capital Markets increased their target price on shares of Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Thursday, August 7th. CIBC raised their target price on Hecla Mining from $12.50 to $15.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Hecla Mining in a report on Wednesday, October 8th. Wall Street Zen raised Hecla Mining from a “hold” rating to a “buy” rating in a report on Sunday. Finally, HC Wainwright raised their price target on Hecla Mining from $11.50 to $12.50 and gave the company a “buy” rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.75.

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.