Cwm LLC Buys 4,091 Shares of Hecla Mining Company $HL

Cwm LLC lifted its position in shares of Hecla Mining Company (NYSE:HL) by 18.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,850 shares of the basic materials company’s stock after purchasing an additional 4,091 shares during the period. Cwm LLC’s holdings in Hecla Mining were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Comerica Bank bought a new stake in Hecla Mining in the first quarter valued at approximately $2,964,000. Dark Forest Capital Management LP boosted its holdings in Hecla Mining by 146.8% in the first quarter. Dark Forest Capital Management LP now owns 647,748 shares of the basic materials company’s stock valued at $3,601,000 after acquiring an additional 385,283 shares during the last quarter. Martingale Asset Management L P bought a new stake in Hecla Mining in the first quarter valued at approximately $187,000. Vanguard Group Inc. boosted its stake in shares of Hecla Mining by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 62,830,935 shares of the basic materials company’s stock valued at $349,340,000 after purchasing an additional 1,437,895 shares during the last quarter. Finally, Pale Fire Capital SE bought a new stake in shares of Hecla Mining in the 1st quarter valued at $41,360,000. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Stuart Maurice Absolom sold 14,472 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $11.29, for a total value of $163,388.88. Following the transaction, the vice president owned 73,200 shares of the company’s stock, valued at approximately $826,428. The trade was a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is owned by insiders.

Hecla Mining Price Performance

HL opened at $12.93 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.67 and a quick ratio of 1.99. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 80.82 and a beta of 1.31. The firm’s fifty day moving average price is $11.38 and its two-hundred day moving average price is $7.83. Hecla Mining Company has a 1 year low of $4.46 and a 1 year high of $15.44.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $248.93 million. During the same period in the previous year, the company earned $0.02 earnings per share. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. As a group, analysts anticipate that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were paid a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, August 22nd. Hecla Mining’s payout ratio is presently 6.25%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Roth Capital set a $8.75 price target on shares of Hecla Mining and gave the company a “sell” rating in a research report on Friday, October 3rd. CIBC upped their target price on Hecla Mining from $12.50 to $15.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings restated a “hold (c)” rating on shares of Hecla Mining in a research report on Wednesday, October 8th. Finally, BMO Capital Markets increased their price target on Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.75.

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.