Ballentine Partners LLC Increases Position in Hecla Mining Company $HL

Ballentine Partners LLC raised its stake in shares of Hecla Mining Company (NYSE:HL) by 30.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,053 shares of the basic materials company’s stock after purchasing an additional 3,501 shares during the period. Ballentine Partners LLC’s holdings in Hecla Mining were worth $90,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Hecla Mining in the first quarter worth $31,000. PFG Investments LLC purchased a new position in shares of Hecla Mining in the 1st quarter valued at $56,000. DRW Securities LLC purchased a new position in shares of Hecla Mining in the 1st quarter valued at $54,000. Hohimer Wealth Management LLC purchased a new position in shares of Hecla Mining in the 1st quarter valued at $58,000. Finally, Tradition Wealth Management LLC purchased a new position in shares of Hecla Mining in the 1st quarter valued at $62,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insiders Place Their Bets

In related news, VP Stuart Maurice Absolom sold 14,472 shares of Hecla Mining stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $11.29, for a total value of $163,388.88. Following the sale, the vice president directly owned 73,200 shares in the company, valued at $826,428. This trade represents a 16.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HL shares. CIBC raised their target price on shares of Hecla Mining from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. HC Wainwright raised their target price on shares of Hecla Mining from $11.50 to $12.50 and gave the company a “buy” rating in a research note on Thursday, August 7th. Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. National Bank Financial raised shares of Hecla Mining to a “hold” rating in a research note on Thursday, June 12th. Finally, BMO Capital Markets raised their target price on shares of Hecla Mining from $6.00 to $6.50 and gave the company a “market perform” rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.36.

Hecla Mining Trading Up 1.8%

NYSE HL opened at $12.10 on Wednesday. Hecla Mining Company has a one year low of $4.46 and a one year high of $12.26. The company has a 50-day simple moving average of $8.65 and a 200-day simple moving average of $6.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 2.67. The firm has a market capitalization of $8.11 billion, a PE ratio of 75.63 and a beta of 1.29.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The business had revenue of $304.03 million during the quarter, compared to analyst estimates of $248.93 million. During the same period in the previous year, the business posted $0.02 EPS. The company’s quarterly revenue was up 23.8% on a year-over-year basis. On average, equities analysts forecast that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 22nd were given a $0.0038 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is currently 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.