Hecla Mining Company (NYSE:HL) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lowered its position in Hecla Mining Company (NYSE:HL) by 28.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,279,308 shares of the basic materials company’s stock after selling 1,660,098 shares during the period. Jupiter Asset Management Ltd. owned 0.68% of Hecla Mining worth $23,793,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HL. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Hecla Mining in the 1st quarter valued at $31,000. PFG Investments LLC acquired a new position in shares of Hecla Mining during the 1st quarter valued at about $56,000. Hohimer Wealth Management LLC purchased a new stake in shares of Hecla Mining in the first quarter valued at about $58,000. CIBC Private Wealth Group LLC acquired a new stake in Hecla Mining during the fourth quarter worth about $60,000. Finally, Abel Hall LLC acquired a new stake in Hecla Mining during the first quarter worth about $64,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Price Performance

HL stock opened at $5.69 on Friday. The business’s fifty day moving average price is $5.91 and its 200 day moving average price is $5.62. Hecla Mining Company has a 12-month low of $4.41 and a 12-month high of $7.68. The company has a market capitalization of $3.60 billion, a PE ratio of 51.73 and a beta of 1.27. 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) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.87% and a net margin of 7.13%. The business had revenue of $261.34 million for the quarter, compared to analysts’ expectations of $238.50 million. During the same quarter last year, the company earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 37.9% on a year-over-year basis. On average, sell-side analysts anticipate that Hecla Mining Company will post 0.21 EPS for the current year.

Insider Activity at Hecla Mining

In other news, Director Catherine J. Boggs purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average price of $4.99 per share, for a total transaction of $99,800.00. Following the purchase, the director directly owned 348,169 shares of the company’s stock, valued at $1,737,363.31. This represents a 6.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stuart Maurice Absolom sold 18,926 shares of Hecla Mining stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $6.66, for a total transaction of $126,047.16. Following the completion of the transaction, the vice president owned 59,410 shares in the company, valued at approximately $395,670.60. This represents a 24.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Roth Capital reiterated a “neutral” rating and issued a $6.00 target price on shares of Hecla Mining in a report on Tuesday, July 1st. TD Securities cut their target price on Hecla Mining from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Monday, May 5th. CIBC lifted their target price on Hecla Mining from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. BMO Capital Markets reiterated a “market perform” rating and set a $5.50 price target (down from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Finally, National Bank Financial raised Hecla Mining to a “hold” rating in a research report on Thursday, June 12th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.07.

Hecla Mining Company 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.