Healthcare of Ontario Pension Plan Trust Fund Invests $14.62 Million in Hecla Mining (NYSE:HL)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Hecla Mining (NYSE:HL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,192,300 shares of the basic materials company's stock, valued at approximately $14,623,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.35% of Hecla Mining as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Continuum Advisory LLC increased its holdings in Hecla Mining by 313.6% in the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company's stock worth $32,000 after acquiring an additional 4,967 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Hecla Mining during the third quarter worth about $49,000. Innealta Capital LLC acquired a new position in shares of Hecla Mining during the 2nd quarter worth about $41,000. GFG Capital LLC acquired a new position in shares of Hecla Mining during the 3rd quarter worth about $67,000. Finally, Ballentine Partners LLC purchased a new position in Hecla Mining in the 2nd quarter valued at about $54,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Trading Up 0.9 %

Shares of HL traded up $0.05 during midday trading on Friday, reaching $5.54. The company had a trading volume of 4,521,165 shares, compared to its average volume of 9,317,812. The firm has a 50 day simple moving average of $6.37 and a 200-day simple moving average of $5.88. 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 stock has a market cap of $3.48 billion, a PE ratio of -140.25 and a beta of 2.00. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.68.

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

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.0138 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, November 21st. Hecla Mining's payout ratio is presently -125.00%.

Insider Activity at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on HL. Roth Mkm reduced their target price on Hecla Mining from $6.25 to $6.00 and set a "buy" rating for the company in a report on Thursday, August 8th. HC Wainwright reissued a "buy" rating and issued a $10.25 price objective on shares of Hecla Mining in a research note on Thursday, August 8th. TD Securities decreased their price objective on Hecla Mining from $8.50 to $8.00 and set a "buy" rating on the stock in a report on Friday, November 8th. National Bank Financial cut shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. Finally, StockNews.com downgraded shares of Hecla Mining from a "hold" rating to a "sell" rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.