Trading Report: Today, Quantbot Technologies LP Invests $180,000 in Hecla Mining Co. (HL)

Today, Quantbot Technologies LP Invests $180,000 in Hecla Mining Co. (HL)

Quantbot Technologies LP purchased a new stake in shares of Hecla Mining Co. (NYSE:HL) during the third quarter, Holdings Channel reports. The firm purchased 31,700 shares of the company’s stock, valued at approximately $180,000.

Other institutional investors have also modified their holdings of the company. Investors Capital Advisory Services increased its stake in Hecla Mining by 0.3% in the second quarter. Investors Capital Advisory Services now owns 22,489 shares of the company’s stock valued at $114,000 after buying an additional 57 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Hecla Mining by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 23,781 shares of the company’s stock valued at $121,000 after buying an additional 143 shares in the last quarter. Washington Trust Bank increased its stake in Hecla Mining by 4.3% in the second quarter. Washington Trust Bank now owns 23,467 shares of the company’s stock valued at $120,000 after buying an additional 967 shares in the last quarter. ProShare Advisors LLC increased its stake in Hecla Mining by 3.0% in the second quarter. ProShare Advisors LLC now owns 46,692 shares of the company’s stock valued at $238,000 after buying an additional 1,357 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Hecla Mining by 6.6% in the second quarter. Nuveen Asset Management LLC now owns 25,262 shares of the company’s stock valued at $129,000 after buying an additional 1,567 shares in the last quarter. 60.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hecla Mining Co. (NYSE:HL) traded down 5.59% on Thursday, hitting $5.91. The stock had a trading volume of 18,218,075 shares. The stock has a 50 day moving average of $5.95 and a 200-day moving average of $5.59. The stock’s market cap is $2.34 billion. Hecla Mining Co. has a 12 month low of $1.45 and a 12 month high of $7.64.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The business earned $179.40 million during the quarter, compared to analysts’ expectations of $163.48 million. Hecla Mining had a positive return on equity of 4.88% and a negative net margin of 2.29%. The firm’s quarterly revenue was up 70.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Equities research analysts anticipate that Hecla Mining Co. will post $0.20 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Monday, November 21st will be paid a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Thursday, November 17th. Hecla Mining’s payout ratio is -24.99%.

Several equities research analysts recently issued reports on HL shares. JPMorgan Chase & Co. upgraded Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 price target for the company in a report on Tuesday, August 9th. Rodman & Renshaw started coverage on Hecla Mining in a report on Tuesday, September 6th. They set a “buy” rating and a $9.00 price target for the company. BMO Capital Markets downgraded Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 price target for the company. in a report on Tuesday, August 23rd. Zacks Investment Research upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a report on Tuesday, October 11th. Finally, Vetr downgraded Hecla Mining from a “strong-buy” rating to a “buy” rating and set a $6.84 price target for the company. in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Hecla Mining presently has an average rating of “Hold” and an average price target of $6.04.

In other Hecla Mining news, VP David C. Sienko sold 13,722 shares of Hecla Mining stock in a transaction on Friday, August 26th. The stock was sold at an average price of $5.85, for a total transaction of $80,273.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

About Hecla Mining

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi.

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