KLP Kapitalforvaltning AS Acquires 1,900 Shares of Hecla Mining Company $HL

KLP Kapitalforvaltning AS boosted its holdings in Hecla Mining Company (NYSE:HL) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125,800 shares of the basic materials company’s stock after acquiring an additional 1,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in Hecla Mining were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HL. SG Americas Securities LLC increased its position in Hecla Mining by 160.7% during the 1st quarter. SG Americas Securities LLC now owns 111,856 shares of the basic materials company’s stock worth $622,000 after buying an additional 68,943 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Hecla Mining by 31.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 24,735 shares of the basic materials company’s stock worth $138,000 after buying an additional 5,852 shares during the period. Sowell Financial Services LLC bought a new position in Hecla Mining during the 1st quarter worth $66,000. PFG Investments LLC bought a new position in Hecla Mining during the 1st quarter worth $56,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in Hecla Mining by 9.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 175,196 shares of the basic materials company’s stock worth $974,000 after buying an additional 14,853 shares during the period. Institutional investors own 63.01% of the company’s stock.

Insider Activity at Hecla Mining

In other news, VP Stuart Maurice Absolom sold 14,472 shares of Hecla Mining stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $11.29, for a total transaction of $163,388.88. Following the sale, the vice president directly owned 73,200 shares of the company’s stock, valued at approximately $826,428. This trade represents a 16.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

HL has been the topic of several recent research reports. Wall Street Zen upgraded Hecla Mining from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. BMO Capital Markets increased their target price on Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Thursday, August 7th. Roth Capital set a $8.75 target price on Hecla Mining and gave the stock a “sell” rating in a report on Friday, October 3rd. HC Wainwright increased their target price on Hecla Mining from $11.50 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hecla Mining in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.75.

Hecla Mining Stock Performance

NYSE:HL opened at $15.23 on Friday. The stock’s 50-day simple moving average is $10.30 and its 200 day simple moving average is $7.26. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $15.44. The firm has a market capitalization of $10.20 billion, a PE ratio of 95.19 and a beta of 1.31. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23.

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

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 22nd. Hecla Mining’s dividend payout ratio (DPR) is presently 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.