Jump Financial LLC Takes Position in Hecla Mining (NYSE:HL)

Jump Financial LLC bought a new position in shares of Hecla Mining (NYSE:HL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 156,034 shares of the basic materials company’s stock, valued at approximately $1,160,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE grew its stake in Hecla Mining by 162.4% during the 2nd quarter. US Bancorp DE now owns 4,695 shares of the basic materials company’s stock worth $35,000 after buying an additional 2,906 shares during the last quarter. Proffitt & Goodson Inc. grew its position in shares of Hecla Mining by 32.8% during the second quarter. Proffitt & Goodson Inc. now owns 8,100 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 2,000 shares during the last quarter. DRW Securities LLC purchased a new position in shares of Hecla Mining during the first quarter worth approximately $63,000. Synergy Financial Management LLC acquired a new position in shares of Hecla Mining in the 1st quarter valued at $64,000. Finally, IFP Advisors Inc raised its position in Hecla Mining by 2,010.9% in the 2nd quarter. IFP Advisors Inc now owns 9,710 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 9,250 shares during the last quarter. 59.92% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the stock. Roth Capital assumed coverage on shares of Hecla Mining in a report on Monday, September 27th. They issued a “buy” rating and a $7.50 target price for the company. TheStreet downgraded Hecla Mining from a “b-” rating to a “c” rating in a research note on Monday, June 28th. Zacks Investment Research cut Hecla Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, October 6th. Cantor Fitzgerald upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Wednesday, September 8th. Finally, HC Wainwright cut their price objective on shares of Hecla Mining from $7.75 to $7.50 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.64.

Shares of NYSE:HL opened at $5.42 on Thursday. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 77.43, a price-to-earnings-growth ratio of 33.61 and a beta of 2.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.56 and a quick ratio of 1.92. The business’s 50 day simple moving average is $5.80 and its 200-day simple moving average is $6.76. Hecla Mining has a 12 month low of $4.32 and a 12 month high of $9.44.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, August 5th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Hecla Mining had a return on equity of 5.92% and a net margin of 4.18%. The business had revenue of $218.00 million during the quarter, compared to the consensus estimate of $221.49 million. During the same quarter in the previous year, the company posted $0.01 EPS. The business’s revenue was up 31.0% on a year-over-year basis. On average, equities analysts anticipate that Hecla Mining will post 0.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Monday, August 23rd were given a $0.011 dividend. The ex-dividend date of this dividend was Friday, August 20th. This represents a $0.04 annualized dividend and a dividend yield of 0.81%. Hecla Mining’s dividend payout ratio is presently 125.00%.

Hecla Mining Company Profile

Hecla Mining Co operates as a silver and gold production company. The firm produces lead, zinc and bulk concentrates for custom smelters and brokers; and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: The Greens Creek, The Lucky Friday, The Casa Berardi, The Nevada Operations, and The San Sebastian.

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

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