Hecla Mining (NYSE:HL) Holdings Trimmed by Clean Yield Group

Clean Yield Group lowered its position in shares of Hecla Mining (NYSE:HL) by 8.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,000 shares of the basic materials company’s stock after selling 8,000 shares during the quarter. Clean Yield Group’s holdings in Hecla Mining were worth $432,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HL. Capstone Financial Group Inc. purchased a new stake in shares of Hecla Mining during the third quarter valued at $25,000. Nisa Investment Advisors LLC lifted its holdings in shares of Hecla Mining by 35.9% during the second quarter. Nisa Investment Advisors LLC now owns 7,880 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 2,080 shares during the last quarter. Federated Hermes Inc. purchased a new stake in shares of Hecla Mining during the second quarter valued at $28,000. Macquarie Group Ltd. lifted its holdings in shares of Hecla Mining by 330.8% during the second quarter. Macquarie Group Ltd. now owns 12,309 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 9,452 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Hecla Mining during the third quarter valued at $80,000. 53.58% of the stock is owned by institutional investors and hedge funds.

HL traded down $0.14 during midday trading on Friday, reaching $5.30. The company’s stock had a trading volume of 4,075,156 shares, compared to its average volume of 10,177,637. The company has a fifty day simple moving average of $5.45 and a 200 day simple moving average of $4.08. The company has a current ratio of 1.86, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. Hecla Mining has a twelve month low of $1.40 and a twelve month high of $6.79. The stock has a market cap of $2.80 billion, a P/E ratio of -44.17, a PEG ratio of 46.17 and a beta of 2.15.

Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, August 6th. The basic materials company reported $0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. The business had revenue of $166.40 million during the quarter, compared to the consensus estimate of $160.42 million. Hecla Mining had a negative return on equity of 1.21% and a negative net margin of 8.51%. Hecla Mining’s revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) EPS. Sell-side analysts expect that Hecla Mining will post 0.12 earnings per share for the current year.

In other Hecla Mining news, Director Terry V. Rogers sold 35,000 shares of Hecla Mining stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $5.96, for a total value of $208,600.00. Also, VP David C. Sienko sold 75,000 shares of Hecla Mining stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $6.01, for a total value of $450,750.00. Insiders own 1.80% of the company’s stock.

Several equities research analysts have recently commented on the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $6.50 target price on shares of Hecla Mining in a report on Tuesday, August 11th. Canaccord Genuity raised Hecla Mining to a “hold” rating and set a $6.00 target price for the company in a report on Wednesday, July 29th. BofA Securities raised Hecla Mining from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 5th. B. Riley reissued a “buy” rating on shares of Hecla Mining in a research note on Thursday, September 3rd. Finally, HC Wainwright increased their price objective on Hecla Mining from $4.25 to $7.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $5.52.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company offers lead, zinc, and bulk concentrates, as well as carbon materials to custom smelters, metal traders, and third-party processors; and unrefined gold and silver bullion bars to precious metals traders.

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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