A.R.T. Advisors LLC bought a new stake in Hecla Mining (NYSE:HL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 71,776 shares of the basic materials company’s stock, valued at approximately $263,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Financial Advocates Investment Management acquired a new position in Hecla Mining in the first quarter valued at $103,000. Stone Ridge Asset Management LLC bought a new stake in Hecla Mining in the fourth quarter valued at $146,000. Xact Kapitalforvaltning AB bought a new stake in Hecla Mining in the fourth quarter valued at $180,000. Two Sigma Investments LP bought a new stake in Hecla Mining in the fourth quarter valued at $192,000. Finally, Two Sigma Advisers LP bought a new stake in Hecla Mining in the fourth quarter valued at $192,000. Institutional investors and hedge funds own 61.08% of the company’s stock.
Shares of HL stock opened at $3.73 on Friday. Hecla Mining has a 52-week low of $3.25 and a 52-week high of $5.57. The company has a quick ratio of 2.62, a current ratio of 3.16 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 57.47 and a beta of 0.26.
Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, May 10th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. Hecla Mining had a negative net margin of 7.32% and a positive return on equity of 1.66%. The business had revenue of $139.70 million during the quarter, compared to the consensus estimate of $139.63 million. During the same period in the prior year, the firm posted $0.04 EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. equities analysts expect that Hecla Mining will post 0.06 EPS for the current year.
HL has been the subject of several research analyst reports. B. Riley decreased their price target on shares of Hecla Mining from $5.30 to $5.00 and set a “buy” rating for the company in a research note on Friday, May 11th. HC Wainwright reaffirmed a “buy” rating and issued a $7.50 price target on shares of Hecla Mining in a research note on Thursday, April 12th. Royal Bank of Canada set a $5.00 price target on shares of Hecla Mining and gave the company a “hold” rating in a research note on Tuesday, March 20th. BMO Capital Markets decreased their target price on shares of Hecla Mining from $4.50 to $4.00 and set a “hold” rating for the company in a research report on Tuesday, March 20th. Finally, Zacks Investment Research raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Hecla Mining has an average rating of “Buy” and an average target price of $5.14.
Hecla Mining Company Profile
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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