Hecla Mining Company (NYSE:HL) Shares Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. lifted its holdings in shares of Hecla Mining Company (NYSE:HL - Free Report) by 400.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 255,000 shares of the basic materials company's stock after buying an additional 204,000 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Hecla Mining were worth $1,418,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Tidal Investments LLC raised its holdings in Hecla Mining by 100.5% during the fourth quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock worth $77,999,000 after purchasing an additional 7,960,826 shares in the last quarter. Marshall Wace LLP raised its holdings in Hecla Mining by 182.4% during the fourth quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company's stock worth $24,580,000 after purchasing an additional 3,233,116 shares in the last quarter. Jefferies Financial Group Inc. raised its holdings in Hecla Mining by 1,331.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 1,997,790 shares of the basic materials company's stock worth $9,809,000 after purchasing an additional 1,858,271 shares in the last quarter. Norges Bank purchased a new position in Hecla Mining during the fourth quarter worth about $7,855,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Hecla Mining during the fourth quarter worth about $4,984,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Activity at Hecla Mining

In other Hecla Mining news, Director Catherine J. Boggs purchased 20,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average cost of $4.99 per share, for a total transaction of $99,800.00. Following the completion of the transaction, the director directly owned 348,169 shares of the company's stock, valued at $1,737,363.31. This trade represents a 6.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Stuart Maurice Absolom sold 18,926 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $6.66, for a total transaction of $126,047.16. Following the sale, the vice president owned 59,410 shares in the company, valued at approximately $395,670.60. This trade represents a 24.16% decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HL shares. Roth Capital reissued a "neutral" rating and set a $6.00 price target on shares of Hecla Mining in a report on Tuesday, July 1st. CIBC increased their target price on shares of Hecla Mining from $7.50 to $8.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a report on Thursday, June 12th. National Bankshares set a $7.00 target price on shares of Hecla Mining in a report on Friday, June 13th. Finally, TD Securities dropped their target price on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a report on Monday, May 5th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Hecla Mining presently has an average rating of "Hold" and a consensus target price of $7.07.

Hecla Mining Price Performance

Shares of HL stock traded up $0.29 during trading hours on Monday, hitting $6.11. The company's stock had a trading volume of 6,926,198 shares, compared to its average volume of 16,310,326. The business has a fifty day moving average of $5.70 and a 200-day moving average of $5.57. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 55.51 and a beta of 1.47. Hecla Mining Company has a twelve month low of $4.41 and a twelve month high of $7.68. The company has a current ratio of 1.43, a quick ratio of 0.75 and a debt-to-equity ratio of 0.25.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $261.34 million during the quarter, compared to analyst estimates of $238.50 million. Hecla Mining had a net margin of 7.13% and a return on equity of 3.87%. The firm's revenue for the quarter was up 37.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.01) earnings per share. As a group, equities research analysts anticipate that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 23rd were given a $0.0038 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.25%. Hecla Mining's dividend payout ratio is presently 9.09%.

About Hecla Mining

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.