GSA Capital Partners LLP Buys New Position in Hecla Mining (NYSE:HL)

GSA Capital Partners LLP purchased a new stake in shares of Hecla Mining (NYSE:HL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 118,011 shares of the basic materials company's stock, valued at approximately $787,000.

Several other institutional investors have also bought and sold shares of the business. Sigma Planning Corp lifted its stake in shares of Hecla Mining by 15.4% in the 3rd quarter. Sigma Planning Corp now owns 26,371 shares of the basic materials company's stock valued at $176,000 after purchasing an additional 3,517 shares during the last quarter. Hollencrest Capital Management lifted its position in Hecla Mining by 1.0% in the third quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company's stock worth $1,659,000 after buying an additional 2,367 shares during the last quarter. Van ECK Associates Corp lifted its position in Hecla Mining by 4.3% in the third quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company's stock worth $391,510,000 after buying an additional 2,238,559 shares during the last quarter. Financial Advocates Investment Management boosted its stake in Hecla Mining by 8.7% during the third quarter. Financial Advocates Investment Management now owns 37,919 shares of the basic materials company's stock worth $253,000 after buying an additional 3,037 shares during the period. Finally, Integrated Advisors Network LLC bought a new position in Hecla Mining during the third quarter valued at $871,000. Institutional investors own 63.01% of the company's stock.

Insider Activity

In other news, VP Kurt Allen sold 108,612 shares of the business's stock in a transaction on Tuesday, September 17th. The stock was 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 of the company's stock, valued at approximately $1,175,949. The trade was a 38.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company's stock.

Hecla Mining Trading Down 1.8 %

Shares of NYSE HL traded down $0.10 during trading hours on Friday, reaching $5.50. The stock had a trading volume of 31,110,353 shares, compared to its average volume of 13,382,214. Hecla Mining has a 52-week low of $3.33 and a 52-week high of $7.68. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -137.50 and a beta of 2.00. The business's fifty day moving average price is $6.52 and its two-hundred day moving average price is $5.86. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24.

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

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, November 21st. Hecla Mining's dividend payout ratio (DPR) is -125.00%.

Analyst Ratings Changes

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

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.