Thrivent Financial for Lutherans Purchases 90,834 Shares of Hecla Mining Company $HL

Thrivent Financial for Lutherans raised its position in Hecla Mining Company (NYSE:HL) by 35.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 344,395 shares of the basic materials company’s stock after buying an additional 90,834 shares during the quarter. Thrivent Financial for Lutherans owned about 0.05% of Hecla Mining worth $2,063,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HL. Transce3nd LLC acquired a new stake in shares of Hecla Mining during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its stake in Hecla Mining by 255.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 4,425 shares during the last quarter. Headlands Technologies LLC bought a new stake in Hecla Mining during the second quarter worth $44,000. DRW Securities LLC acquired a new stake in shares of Hecla Mining in the 1st quarter valued at $54,000. Finally, Monarch Capital Management Inc. acquired a new stake in shares of Hecla Mining in the 2nd quarter valued at $65,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Stock Down 1.1%

Shares of NYSE HL opened at $20.33 on Wednesday. The company has a 50 day simple moving average of $15.39 and a 200 day simple moving average of $10.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.51. Hecla Mining Company has a 1 year low of $4.46 and a 1 year high of $21.19. The firm has a market cap of $13.62 billion, a PE ratio of 65.57 and a beta of 1.36.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $409.54 million during the quarter, compared to analysts’ expectations of $315.60 million. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The company’s revenue was up 67.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 EPS. On average, research analysts forecast that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were given a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, November 24th. Hecla Mining’s dividend payout ratio (DPR) is currently 3.23%.

Insider Activity

In other Hecla Mining news, VP David C. Sienko sold 207,553 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total value of $4,030,679.26. Following the sale, the vice president owned 906,370 shares in the company, valued at approximately $17,601,705.40. The trade was a 18.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Russell Douglas Lawlar sold 148,372 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $15.00, for a total value of $2,225,580.00. Following the transaction, the chief financial officer owned 347,402 shares of the company’s stock, valued at $5,211,030. This trade represents a 29.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 374,460 shares of company stock worth $6,534,655 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on HL. Weiss Ratings restated a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday. Scotiabank initiated coverage on shares of Hecla Mining in a report on Thursday, November 13th. They issued a “sector perform” rating and a $15.00 target price for the company. CIBC lifted their price target on shares of Hecla Mining from $15.00 to $16.50 and gave the company a “neutral” rating in a report on Tuesday, November 25th. Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, HC Wainwright increased their price objective on shares of Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Hecla Mining presently has a consensus rating of “Hold” and a consensus price target of $10.22.

Hecla Mining Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.