Connor Clark & Lunn Investment Management Ltd. Purchases 391,114 Shares of Hecla Mining (NYSE:HL)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Hecla Mining (NYSE:HL - Free Report) by 83.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 858,091 shares of the basic materials company's stock after purchasing an additional 391,114 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.14% of Hecla Mining worth $5,723,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Continuum Advisory LLC boosted 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 in the last quarter. Sound Income Strategies LLC acquired a new position in Hecla Mining during the 3rd quarter worth approximately $49,000. Innealta Capital LLC bought a new position in Hecla Mining in the second quarter worth approximately $41,000. GFG Capital LLC acquired a new stake in Hecla Mining in the third quarter valued at approximately $67,000. Finally, Ballentine Partners LLC bought a new stake in shares of Hecla Mining during the second quarter valued at approximately $54,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Buying and Selling

In related news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now directly owns 173,700 shares in the company, valued at approximately $1,175,949. The trade was a 38.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. National Bank Financial cut Hecla Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. TD Securities reduced 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. Roth Mkm lowered their target price on shares of Hecla Mining from $6.25 to $6.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. HC Wainwright reiterated a "buy" rating and set a $10.25 price target on shares of Hecla Mining in a research note on Thursday, August 8th. Finally, StockNews.com lowered Hecla Mining from a "hold" rating to a "sell" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $7.94.

Hecla Mining Stock Down 3.0 %

HL stock traded down $0.17 during trading on Friday, reaching $5.52. The stock had a trading volume of 13,539,067 shares, compared to its average volume of 13,575,317. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of -138.00 and a beta of 2.00. Hecla Mining has a one year low of $3.33 and a one year high of $7.68. The company's 50 day moving average is $6.47 and its two-hundred day moving average is $5.88.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. During the same period last year, the company posted ($0.01) earnings per share. Hecla Mining's quarterly revenue was up 34.7% compared to the same quarter last year. Equities research analysts forecast that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.0138 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.06 annualized dividend and a dividend yield of 1.00%. Hecla Mining's payout ratio 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.