Two Sigma Advisers LP Has $692,000 Holdings in Hecla Mining (NYSE:HL)

Two Sigma Advisers LP raised its stake in Hecla Mining (NYSE:HL - Free Report) by 185.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 140,853 shares of the basic materials company's stock after buying an additional 91,424 shares during the quarter. Two Sigma Advisers LP's holdings in Hecla Mining were worth $692,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Hecla Mining by 317.4% in the third quarter. Barclays PLC now owns 909,811 shares of the basic materials company's stock worth $6,069,000 after purchasing an additional 691,862 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Hecla Mining by 30.7% in the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock worth $41,000 after purchasing an additional 1,961 shares in the last quarter. KBC Group NV lifted its position in shares of Hecla Mining by 31.9% in the fourth quarter. KBC Group NV now owns 23,847 shares of the basic materials company's stock worth $117,000 after purchasing an additional 5,772 shares in the last quarter. Financial Advocates Investment Management lifted its position in shares of Hecla Mining by 13.0% in the fourth quarter. Financial Advocates Investment Management now owns 42,840 shares of the basic materials company's stock worth $210,000 after purchasing an additional 4,921 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Hecla Mining in the fourth quarter worth $25,000. Institutional investors own 63.01% of the company's stock.

Hecla Mining Stock Up 5.9%

HL traded up $0.34 during trading on Wednesday, reaching $6.11. 25,789,039 shares of the stock were exchanged, compared to its average volume of 14,463,761. The stock has a market cap of $3.86 billion, a P/E ratio of 122.22 and a beta of 1.57. Hecla Mining has a twelve month low of $4.41 and a twelve month high of $7.68. The stock's 50 day moving average price is $5.32 and its two-hundred day moving average price is $5.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings data 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). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The company had revenue of $261.34 million during the quarter, compared to analyst estimates of $238.50 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. Hecla Mining's revenue for the quarter was up 37.9% on a year-over-year basis. Equities analysts expect that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be issued a $0.0038 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.25%. Hecla Mining's dividend payout ratio is currently 9.09%.

Insider Buying and Selling at Hecla Mining

In related news, Director Catherine J. Boggs acquired 20,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $4.99 per share, for a total transaction of $99,800.00. Following the completion of the acquisition, the director now directly owns 348,169 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

HL has been the topic of a number of research reports. Roth Mkm cut their price objective on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Wall Street Zen upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. BMO Capital Markets restated a "market perform" rating and set a $5.50 target price (down from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a report on Friday, March 21st. Finally, TD Securities lowered their target price on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $7.13.

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.