Jump Financial LLC Invests $1.16 Million in Hecla Mining (NYSE:HL)

Jump Financial LLC acquired a new stake in shares of Hecla Mining (NYSE:HL) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 156,034 shares of the basic materials company’s stock, valued at approximately $1,160,000.

A number of other large investors also recently made changes to their positions in HL. Blueshift Asset Management LLC lifted its position in Hecla Mining by 27.6% in the 2nd quarter. Blueshift Asset Management LLC now owns 300,547 shares of the basic materials company’s stock valued at $2,236,000 after acquiring an additional 64,969 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Hecla Mining by 997.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,153,464 shares of the basic materials company’s stock valued at $8,582,000 after purchasing an additional 1,048,379 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Hecla Mining by 11.3% in the second quarter. Geode Capital Management LLC now owns 10,151,990 shares of the basic materials company’s stock worth $75,530,000 after purchasing an additional 1,032,515 shares during the last quarter. Vanguard Group Inc. raised its stake in Hecla Mining by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 50,153,331 shares of the basic materials company’s stock valued at $373,141,000 after buying an additional 1,212,378 shares during the last quarter. Finally, Seven Eight Capital LP grew its holdings in shares of Hecla Mining by 77.2% in the second quarter. Seven Eight Capital LP now owns 73,488 shares of the basic materials company’s stock worth $547,000 after acquiring an additional 32,013 shares during the period. Institutional investors and hedge funds own 59.92% of the company’s stock.

Shares of Hecla Mining stock opened at $5.42 on Thursday. Hecla Mining has a 52 week low of $4.32 and a 52 week high of $9.44. The company has a market capitalization of $2.91 billion, a PE ratio of 77.43, a price-to-earnings-growth ratio of 33.61 and a beta of 2.17. The stock’s fifty day moving average is $5.80 and its two-hundred day moving average is $6.76. The company has a quick ratio of 1.92, a current ratio of 2.56 and a debt-to-equity ratio of 0.30.

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

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

HL has been the subject of a number of analyst reports. Zacks Investment Research cut Hecla Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, October 6th. HC Wainwright decreased their target price on shares of Hecla Mining from $7.75 to $7.50 and set a “buy” rating on the stock in a research note on Wednesday. Roth Capital began coverage on shares of Hecla Mining in a research report on Monday, September 27th. They issued a “buy” rating and a $7.50 price target for the company. TheStreet downgraded shares of Hecla Mining from a “b-” rating to a “c” rating in a research report on Monday, June 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.62 target price on shares of Hecla Mining in a report on Monday, July 26th. One investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.64.

Hecla Mining 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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