Susquehanna Fundamental Investments LLC Buys New Stake in Hecla Mining Company $HL

Susquehanna Fundamental Investments LLC purchased a new position in Hecla Mining Company (NYSE:HL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 447,672 shares of the basic materials company’s stock, valued at approximately $6,908,000. Susquehanna Fundamental Investments LLC owned about 0.07% of Hecla Mining as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of HL. Two Sigma Securities LLC grew its stake in shares of Hecla Mining by 160.2% in the 2nd quarter. Two Sigma Securities LLC now owns 35,225 shares of the basic materials company’s stock worth $544,000 after buying an additional 21,686 shares in the last quarter. GTS Securities LLC bought a new stake in shares of Hecla Mining in the 2nd quarter worth about $278,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Hecla Mining by 21.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,843,367 shares of the basic materials company’s stock valued at $28,443,000 after purchasing an additional 328,485 shares during the period. Van ECK Associates Corp lifted its position in Hecla Mining by 15.3% in the second quarter. Van ECK Associates Corp now owns 38,174,114 shares of the basic materials company’s stock worth $589,027,000 after buying an additional 5,053,624 shares during the last quarter. Finally, Navellier & Associates Inc. lifted its holdings in shares of Hecla Mining by 16.0% in the 2nd quarter. Navellier & Associates Inc. now owns 244,849 shares of the basic materials company’s stock worth $3,778,000 after acquiring an additional 33,782 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HL. Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Scotiabank dropped their target price on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Jefferies Financial Group initiated coverage on Hecla Mining in a research note on Thursday, August 20th. They set a “hold” rating and a $22.00 target price on the stock. HC Wainwright reduced their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Zacks Research raised Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $23.82.

Hecla Mining Price Performance

Shares of HL stock opened at $19.86 on Tuesday. The company has a market capitalization of $13.34 billion, a P/E ratio of 40.53 and a beta of 1.32. The company’s 50-day simple moving average is $16.67 and its two-hundred day simple moving average is $18.16. Hecla Mining Company has a one year low of $8.07 and a one year high of $34.17.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The firm had revenue of $333.85 million for the quarter, compared to analysts’ expectations of $368.75 million. During the same quarter in the prior year, the business posted $0.09 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, research analysts expect that Hecla Mining Company will post 0.46 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a $0.0038 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 26th. Hecla Mining’s dividend payout ratio is presently 2.04%.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.