Hecla Mining (NYSE:HL) Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. raised its stake in Hecla Mining (NYSE:HLGet Rating) by 35.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,230 shares of the basic materials company’s stock after buying an additional 11,383 shares during the period. Cibc World Market Inc.’s holdings in Hecla Mining were worth $169,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its position in shares of Hecla Mining by 23.3% in the 1st quarter. State Street Corp now owns 31,925,189 shares of the basic materials company’s stock worth $209,748,000 after buying an additional 6,033,244 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Hecla Mining by 325.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,801,009 shares of the basic materials company’s stock valued at $44,682,000 after purchasing an additional 5,202,053 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Hecla Mining by 7.5% in the first quarter. Van ECK Associates Corp now owns 50,451,450 shares of the basic materials company’s stock valued at $331,466,000 after purchasing an additional 3,534,118 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of Hecla Mining by 904.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 3,662,422 shares of the basic materials company’s stock worth $24,062,000 after purchasing an additional 3,297,791 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Hecla Mining by 33.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,176,465 shares of the basic materials company’s stock worth $34,009,000 after purchasing an additional 1,285,800 shares during the last quarter. 60.33% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Stock Up 0.8 %

Shares of NYSE:HL opened at $5.21 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -130.22 and a beta of 1.95. The stock’s 50-day moving average price is $4.49 and its two-hundred day moving average price is $4.36. Hecla Mining has a 12-month low of $3.41 and a 12-month high of $7.66.

Hecla Mining Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Friday, November 25th will be given a $0.004 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.31%. Hecla Mining’s dividend payout ratio is presently -74.98%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BMO Capital Markets lowered their target price on Hecla Mining from $5.25 to $4.75 and set a “market perform” rating on the stock in a report on Friday, September 9th. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $4.75 to $5.00 in a research report on Wednesday, October 19th. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and upped their target price for the company from $4.75 to $5.00 in a report on Wednesday, October 19th. B. Riley decreased their price target on shares of Hecla Mining from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, October 25th. Finally, StockNews.com started coverage on shares of Hecla Mining in a research report on Wednesday, October 12th. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.88.

Hecla Mining Company Profile

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Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold.

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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