Landscape Capital Management L.L.C. Has $441,000 Stock Position in Hecla Mining Company $HL

Key Points

• Landscape Capital Management L.L.C. reduced its stake in Hecla Mining Company by 52.0% during the first quarter, leaving them with 79,393 shares valued at approximately $441,000.
• Several institutional investors, including Stifel Financial Corp and Price T. Rowe Associates, significantly increased their holdings, with Stifel growing its position by 1,246.3%.
• Hecla Mining recently announced a quarterly dividend of $0.0038 per share, reflecting an annualized yield of 0.2%, and has a current consensus target price of $7.36.

Landscape Capital Management L.L.C. lowered its stake in shares of Hecla Mining Company (NYSE:HL - Free Report) by 52.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,393 shares of the basic materials company's stock after selling 85,998 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Hecla Mining were worth $441,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Hecla Mining during the 1st quarter worth about $31,000. PFG Investments LLC bought a new position in shares of Hecla Mining in the 1st quarter valued at about $56,000. Hohimer Wealth Management LLC bought a new position in shares of Hecla Mining in the 1st quarter valued at about $58,000. Tradition Wealth Management LLC bought a new position in shares of Hecla Mining in the 1st quarter valued at about $62,000. Finally, Abel Hall LLC bought a new position in shares of Hecla Mining in the 1st quarter valued at about $64,000. Institutional investors own 63.01% of the company's stock.

Hecla Mining Trading Up 0.7%

Hecla Mining stock traded up $0.07 during midday trading on Wednesday, hitting $8.99. 27,891,190 shares of the stock were exchanged, compared to its average volume of 21,374,278. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $6.02 billion, a PE ratio of 56.16 and a beta of 1.29. The company has a fifty day simple moving average of $6.77 and a two-hundred day simple moving average of $5.94. Hecla Mining Company has a 52 week low of $4.46 and a 52 week high of $9.08.

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

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, August 22nd. Hecla Mining's dividend payout ratio (DPR) is 6.25%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Hecla Mining from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a research note on Thursday, June 12th. CIBC lifted their price objective on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. BMO Capital Markets lifted their price objective on shares of Hecla Mining from $6.00 to $6.50 and gave the stock a "market perform" rating in a research note on Thursday, August 7th. Finally, National Bankshares set a $7.00 price objective on shares of Hecla Mining in a research note on Friday, June 13th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Hecla Mining currently has an average rating of "Hold" and an average price target of $7.36.

Insider Buying and Selling

In other Hecla Mining news, VP Stuart Maurice Absolom sold 18,926 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $6.66, for a total transaction of $126,047.16. Following the sale, the vice president directly owned 59,410 shares in the company, valued at approximately $395,670.60. This trade represents a 24.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company's stock.

Hecla Mining 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.