697,375 Shares in Hecla Mining Company $HL Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in Hecla Mining Company (NYSE:HL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 697,375 shares of the basic materials company's stock, valued at approximately $10,762,000. Jupiter Topco LLC owned 0.10% of Hecla Mining as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Quadrant Capital Group LLC increased its holdings in shares of Hecla Mining by 74.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company's stock worth $28,000 after purchasing an additional 631 shares during the period. Sittner & Nelson LLC bought a new stake in shares of Hecla Mining in the fourth quarter valued at approximately $29,000. Rothschild Investment LLC grew its position in Hecla Mining by 93.5% during the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company's stock worth $31,000 after buying an additional 781 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in Hecla Mining during the fourth quarter worth approximately $31,000. Finally, CIBC Private Wealth Group LLC increased its stake in Hecla Mining by 134.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company's stock worth $32,000 after acquiring an additional 957 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. HC Wainwright dropped their price objective on Hecla Mining from $36.50 to $26.75 and set a "buy" rating for the company in a report on Wednesday, May 6th. Zacks Research raised Hecla Mining to a "hold" rating in a report on Friday, July 17th. Jefferies Financial Group began coverage on Hecla Mining in a research report on Thursday, August 20th. They issued a "hold" rating and a $22.00 price target on the stock. Scotiabank cut their price objective on shares of Hecla Mining from $25.00 to $21.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Hecla Mining from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $23.82.

Hecla Mining Trading Down 4.6%

HL opened at $20.45 on Friday. Hecla Mining Company has a 1-year low of $8.07 and a 1-year high of $34.17. The company has a market cap of $13.74 billion, a P/E ratio of 41.73 and a beta of 1.32. The company's 50 day moving average is $16.59 and its 200-day moving average is $18.22.

Hecla Mining (NYSE:HL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The company had revenue of $333.85 million for the quarter, compared to analyst estimates of $368.75 million. During the same quarter last year, the company posted $0.09 earnings per share. The firm's quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts forecast that Hecla Mining Company will post 0.46 EPS for the current year.

Hecla Mining Dividend Announcement

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

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.

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