Financiere des Professionnels Fonds d investissement inc. Invests $162,000 in Hecla Mining Company $HL

Key Points

• Financiere des Professionnels Fonds d'investissement inc. made a new investment of $162,000 in Hecla Mining Company, purchasing approximately 26,978 shares in the second quarter.
• Hecla Mining reported a 23.8% increase in quarterly revenue year-over-year, with a net margin of 9.55% and earnings per share of $0.08, surpassing analysts' estimates.
• The company announced a quarterly dividend of $0.0038, which represents an annualized yield of 0.1%, and has a current dividend payout ratio of 6.25%.

Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Hecla Mining Company (NYSE:HL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 26,978 shares of the basic materials company's stock, valued at approximately $162,000.

A number of other institutional investors also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Hecla Mining in the 1st quarter worth approximately $31,000. PFG Investments LLC purchased a new stake in Hecla Mining in the 1st quarter worth approximately $56,000. DRW Securities LLC purchased a new stake in Hecla Mining in the 1st quarter worth approximately $54,000. Hohimer Wealth Management LLC purchased a new stake in Hecla Mining in the 1st quarter worth approximately $58,000. Finally, Tradition Wealth Management LLC purchased a new stake in Hecla Mining in the 1st quarter worth approximately $62,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Stock Up 0.4%

HL stock traded up $0.05 during trading on Tuesday, hitting $11.28. 10,127,531 shares of the company's stock were exchanged, compared to its average volume of 22,337,152. The business has a 50-day moving average price of $7.99 and a two-hundred day moving average price of $6.43. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 70.35 and a beta of 1.29. Hecla Mining Company has a 52-week low of $4.46 and a 52-week high of $11.90. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23.

Hecla Mining (NYSE:HL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The firm had revenue of $304.03 million during the quarter, compared to analysts' expectations of $248.93 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The firm's revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. As a group, equities research analysts expect that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, August 22nd. Hecla Mining's dividend payout ratio is 6.25%.

Insider Activity at Hecla Mining

In other news, VP Stuart Maurice Absolom sold 14,472 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $11.29, for a total transaction of $163,388.88. Following the completion of the sale, the vice president owned 73,200 shares in the company, valued at $826,428. This represents a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Hecla Mining from $6.00 to $6.50 and gave the company a "market perform" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded Hecla Mining from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. National Bank Financial raised Hecla Mining to a "hold" rating in a research report on Thursday, June 12th. CIBC lifted their target price on Hecla Mining from $7.50 to $8.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Finally, Roth Capital reaffirmed a "neutral" rating on shares of Hecla Mining in a research report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.36.

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.