Centiva Capital LP Grows Stock Position in Hecla Mining (NYSE:HL)

Centiva Capital LP boosted its position in shares of Hecla Mining (NYSE:HL - Free Report) by 419.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 190,409 shares of the basic materials company's stock after acquiring an additional 153,754 shares during the quarter. Centiva Capital LP's holdings in Hecla Mining were worth $1,270,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hecla Mining in the third quarter worth about $28,000. Continuum Advisory LLC raised its position in shares of Hecla Mining by 313.6% during the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company's stock worth $32,000 after purchasing an additional 4,967 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Hecla Mining in the third quarter valued at approximately $49,000. Innealta Capital LLC acquired a new stake in shares of Hecla Mining in the second quarter worth approximately $41,000. Finally, GFG Capital LLC purchased a new stake in shares of Hecla Mining during the third quarter worth approximately $67,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on HL shares. StockNews.com lowered Hecla Mining from a "hold" rating to a "sell" rating in a report on Thursday, October 17th. Roth Mkm lowered their price objective on Hecla Mining from $6.25 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. HC Wainwright reiterated a "buy" rating and set a $10.25 price target on shares of Hecla Mining in a report on Thursday, August 8th. TD Securities dropped their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a "buy" rating for the company in a report on Friday, November 8th. Finally, National Bank Financial downgraded shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $7.94.

Insider Buying and Selling

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the sale, the vice president now owns 173,700 shares of the company's stock, valued at $1,175,949. This trade represents a 38.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by insiders.

Hecla Mining Trading Up 0.5 %

Hecla Mining stock traded up $0.03 during trading on Thursday, hitting $5.67. The company had a trading volume of 10,057,426 shares, compared to its average volume of 9,336,510. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The company's 50 day simple moving average is $6.27 and its 200-day simple moving average is $5.89. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.68. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -141.13 and a beta of 1.92.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The firm had revenue of $245.09 million for the quarter, compared to the consensus estimate of $232.03 million. During the same quarter in the previous year, the business earned ($0.01) EPS. The company's quarterly revenue was up 34.7% compared to the same quarter last year. As a group, analysts expect that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Thursday, November 21st. Hecla Mining's dividend payout ratio (DPR) is currently -125.00%.

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.