Susquehanna Fundamental Investments LLC Purchases Shares of 447,672 Hecla Mining Company $HL

Susquehanna Fundamental Investments LLC acquired a new position in shares of Hecla Mining Company (NYSE:HL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 447,672 shares of the basic materials company’s stock, valued at approximately $6,908,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HL. Two Sigma Securities LLC boosted its stake in Hecla Mining by 160.2% in the second quarter. Two Sigma Securities LLC now owns 35,225 shares of the basic materials company’s stock valued at $544,000 after acquiring an additional 21,686 shares in the last quarter. GTS Securities LLC acquired a new position in shares of Hecla Mining during the second quarter worth $278,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Hecla Mining by 21.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,843,367 shares of the basic materials company’s stock valued at $28,443,000 after purchasing an additional 328,485 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Hecla Mining by 15.3% in the 2nd quarter. Van ECK Associates Corp now owns 38,174,114 shares of the basic materials company’s stock worth $589,027,000 after purchasing an additional 5,053,624 shares in the last quarter. Finally, Navellier & Associates Inc. boosted its position in shares of Hecla Mining by 16.0% in the 2nd quarter. Navellier & Associates Inc. now owns 244,849 shares of the basic materials company’s stock worth $3,778,000 after purchasing an additional 33,782 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Trading Down 2.6%

HL stock opened at $19.86 on Tuesday. The firm has a 50-day moving average of $16.67 and a two-hundred day moving average of $18.16. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 40.53 and a beta of 1.32. Hecla Mining Company has a 12 month low of $8.07 and a 12 month high of $34.17.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $333.85 million during the quarter, compared to analyst estimates of $368.75 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share. As a group, equities analysts forecast that Hecla Mining Company will post 0.46 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.0038 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s payout ratio is 2.04%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Scotiabank decreased their target price on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Weiss Ratings upgraded Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Jefferies Financial Group initiated coverage on shares of Hecla Mining in a research note on Thursday, August 20th. They set a “hold” rating and a $22.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $23.82.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.