Quantbot Technologies LP Has $2.99 Million Holdings in Hecla Mining Company $HL

Key Points

• Quantbot Technologies LP reduced its stake in Hecla Mining Company by 12.0% during the first quarter, now holding 538,257 shares valued at approximately $2.99 million.
• Multiple institutional investors have recently increased their positions in Hecla Mining, with 63.01% of the stock owned by hedge funds and others.
• Hecla Mining reported a net revenue of $304.03 million for the latest quarter, exceeding analysts' expectations by a significant margin and showcasing a year-over-year revenue increase of 23.8%.

Quantbot Technologies LP cut its stake in Hecla Mining Company (NYSE:HL - Free Report) by 12.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 538,257 shares of the basic materials company's stock after selling 73,521 shares during the quarter. Quantbot Technologies LP owned about 0.09% of Hecla Mining worth $2,993,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Hecla Mining in the 1st quarter valued at about $31,000. PFG Investments LLC acquired a new position in Hecla Mining during the 1st quarter valued at about $56,000. Hohimer Wealth Management LLC acquired a new position in shares of Hecla Mining during the first quarter worth approximately $58,000. Abel Hall LLC acquired a new stake in Hecla Mining in the first quarter worth about $64,000. Finally, Ground Swell Capital LLC acquired a new position in Hecla Mining during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insider Buying and Selling

In other news, VP Stuart Maurice Absolom sold 18,926 shares of Hecla Mining stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $6.66, for a total transaction of $126,047.16. Following the transaction, the vice president owned 59,410 shares in the company, valued at $395,670.60. The trade was a 24.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.62% of the company's stock.

Analysts Set New Price Targets

HL has been the topic of a number of recent research reports. HC Wainwright lifted their target price on Hecla Mining from $11.50 to $12.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. Roth Capital reissued a "neutral" rating on shares of Hecla Mining in a research report on Thursday, August 7th. TD Securities lowered their price objective on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. National Bankshares set a $7.00 price objective on Hecla Mining in a report on Friday, June 13th. Finally, CIBC upped their price target on Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $7.36.

Hecla Mining Price Performance

Shares of Hecla Mining stock traded up $0.1890 during mid-day trading on Friday, reaching $7.8790. 19,192,080 shares of the stock were exchanged, compared to its average volume of 21,819,428. The firm has a 50-day simple moving average of $6.38 and a 200 day simple moving average of $5.81. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 49.25 and a beta of 1.27. 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 Company has a fifty-two week low of $4.46 and a fifty-two week high of $8.04.

Hecla Mining (NYSE:HL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The firm had revenue of $304.03 million for the quarter, compared to analyst estimates of $248.93 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The business's quarterly revenue was up 23.8% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. On average, sell-side analysts predict that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

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

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.