AXQ Capital LP Acquires 80,405 Shares of Hecla Mining Company $HL

AXQ Capital LP increased its stake in shares of Hecla Mining Company (NYSE:HL - Free Report) by 736.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,328 shares of the basic materials company's stock after purchasing an additional 80,405 shares during the period. AXQ Capital LP's holdings in Hecla Mining were worth $1,409,000 as of its most recent SEC filing.

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

Hecla Mining Stock Performance

Hecla Mining stock opened at $20.68 on Friday. The stock has a market cap of $13.89 billion, a PE ratio of 42.20 and a beta of 1.38. The firm's 50-day simple moving average is $17.10 and its 200 day simple moving average is $18.14. Hecla Mining Company has a fifty-two week low of $8.83 and a fifty-two week high of $34.17.

Hecla Mining (NYSE:HL - Get Free Report) last announced its 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 net margin of 20.84% and a return on equity of 18.91%. The business had revenue of $333.85 million for the quarter, compared to analysts' expectations of $368.75 million. During the same period in the prior year, the business earned $0.09 earnings per share. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, analysts predict that Hecla Mining Company will post 0.46 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

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

Analysts Set New Price Targets

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

Want to see what other hedge funds are holding HL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hecla Mining Company (NYSE:HL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source