Dynamic Technology Lab Private Ltd Invests $1.62 Million in Hecla Mining (NYSE:HL)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Hecla Mining (NYSE:HL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 243,189 shares of the basic materials company’s stock, valued at approximately $1,622,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HL. Continuum Advisory LLC lifted its stake in shares of Hecla Mining by 313.6% in the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 4,967 shares in the last quarter. Innealta Capital LLC acquired a new position in Hecla Mining during the 2nd quarter worth approximately $41,000. Sound Income Strategies LLC acquired a new position in Hecla Mining during the 3rd quarter worth approximately $49,000. Ballentine Partners LLC acquired a new position in Hecla Mining during the 2nd quarter worth approximately $54,000. Finally, Oak Family Advisors LLC acquired a new position in Hecla Mining during the 2nd quarter worth approximately $55,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. National Bank Financial lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Roth Mkm reduced their price target on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a report on Thursday, August 8th. TD Securities reduced their target price on Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hecla Mining presently has an average rating of “Moderate Buy” and a consensus target price of $7.94.

Hecla Mining Stock Performance

HL stock opened at $5.42 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.41 billion, a P/E ratio of -135.50 and a beta of 2.00. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.68. The stock’s 50 day simple moving average is $6.44 and its 200 day simple moving average is $5.89.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data 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. The firm had revenue of $245.09 million during the quarter, compared to the consensus estimate of $232.03 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The firm’s revenue was up 34.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.01) EPS. As a group, equities research analysts predict that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.0138 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.01%. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Insider Transactions at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the transaction, the vice president now directly owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. This trade represents a 38.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

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.