Pekin Hardy Strauss Inc. Has $849,000 Stake in Hecla Mining (NYSE:HL)

Pekin Hardy Strauss Inc. trimmed its position in Hecla Mining (NYSE:HL) by 9.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,050 shares of the basic materials company’s stock after selling 17,250 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Hecla Mining were worth $849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Hecla Mining by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock valued at $285,811,000 after acquiring an additional 1,506,573 shares in the last quarter. Quantbot Technologies LP acquired a new position in Hecla Mining during the first quarter worth $727,000. SG Americas Securities LLC grew its position in Hecla Mining by 148.9% in the first quarter. SG Americas Securities LLC now owns 39,208 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 23,457 shares in the last quarter. Norges Bank bought a new stake in Hecla Mining during the 4th quarter worth about $13,761,000. Finally, SCP Investment LP boosted its stake in shares of Hecla Mining by 34.7% during the 4th quarter. SCP Investment LP now owns 38,800 shares of the basic materials company’s stock worth $181,000 after buying an additional 10,000 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HL has been the topic of a number of recent research reports. Roth Mkm lowered their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. HC Wainwright reiterated a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a research note on Thursday, August 8th. Cibc World Mkts raised Hecla Mining to a “hold” rating in a report on Wednesday, May 22nd. Finally, CIBC boosted 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.45.

Insider Buying and Selling at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now owns 173,700 shares of the company’s stock, valued at $1,175,949. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Kurt Allen sold 108,612 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now directly owns 173,700 shares in the company, valued at approximately $1,175,949. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert Denis Brown sold 24,792 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total value of $121,728.72. Following the sale, the vice president now owns 607,649 shares in the company, valued at approximately $2,983,556.59. The disclosure for this sale can be found here. Insiders have sold a total of 175,717 shares of company stock worth $1,064,789 over the last 90 days. Insiders own 1.40% of the company’s stock.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $6.75 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $4.23 billion, a PE ratio of -45.00 and a beta of 2.00. The firm has a 50 day moving average of $5.73 and a 200-day moving average of $5.30. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $6.95.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $245.66 million during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.03 earnings per share. On average, equities research analysts predict that Hecla Mining will post 0.04 EPS for the current fiscal year.

Hecla Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 26th were paid a $0.0138 dividend. The ex-dividend date of this dividend was Monday, August 26th. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.00. This represents a $0.06 annualized dividend and a yield of 0.81%. Hecla Mining’s dividend payout ratio (DPR) is -33.33%.

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.