Innealta Capital LLC Buys New Holdings in Hecla Mining (NYSE:HL)

Innealta Capital LLC bought a new stake in Hecla Mining (NYSE:HL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,373 shares of the basic materials company’s stock, valued at approximately $41,000.

Several other hedge funds have also bought and sold shares of the company. Continuum Advisory LLC raised its holdings in Hecla Mining by 313.6% in the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 4,967 shares during the period. Oak Family Advisors LLC bought a new position in Hecla Mining in the 2nd quarter valued at about $55,000. Empowered Funds LLC raised its holdings in Hecla Mining by 27.7% in the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock valued at $65,000 after acquiring an additional 2,916 shares during the period. Cetera Advisors LLC raised its holdings in Hecla Mining by 48.9% in the 1st quarter. Cetera Advisors LLC now owns 15,532 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 5,104 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new position in Hecla Mining in the 1st quarter valued at about $84,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Trading Down 0.9 %

Shares of Hecla Mining stock traded down $0.05 during trading on Friday, hitting $5.92. The company’s stock had a trading volume of 7,614,391 shares, compared to its average volume of 8,294,953. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 1.00. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $6.35. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of -39.93 and a beta of 2.01. The stock has a 50-day moving average price of $5.52 and a two-hundred day moving average price of $5.08.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.02 EPS for the quarter, beating 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 12.22% and a negative return on equity of 0.28%. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Equities research analysts anticipate that Hecla Mining will post 0.05 EPS for the current fiscal year.

Hecla Mining Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 26th will be given a dividend of $0.0138 per share. The ex-dividend date is Monday, August 26th. This represents a $0.06 dividend on an annualized basis and a yield of 0.93%. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s dividend payout ratio is -33.33%.

Insider Buying and Selling at Hecla Mining

In other news, CAO Michael L. Clary sold 30,634 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total transaction of $150,412.94. Following the transaction, the chief accounting officer now owns 351,972 shares in the company, valued at $1,728,182.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Michael L. Clary sold 30,634 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total transaction of $150,412.94. Following the transaction, the chief accounting officer now owns 351,972 shares in the company, valued at $1,728,182.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell Douglas Lawlar sold 11,679 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $4.91, for a total transaction of $57,343.89. Following the transaction, the chief financial officer now owns 393,894 shares in the company, valued at approximately $1,934,019.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,105 shares of company stock valued at $329,486. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HL shares. StockNews.com raised shares of Hecla Mining to a “sell” rating in a report on Thursday, May 9th. Cantor Fitzgerald raised shares of Hecla Mining to a “strong-buy” rating in a report on Thursday, May 9th. Cibc World Mkts raised shares of Hecla Mining to a “hold” rating in a report on Wednesday, May 22nd. CIBC raised their target price on shares of Hecla Mining from $6.75 to $7.50 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Finally, Roth Mkm lowered their target price on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hecla Mining has a consensus rating of “Moderate Buy” and a consensus price target of $7.13.

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.