Connor Clark & Lunn Investment Management Ltd. Has $5.72 Million Position in Hecla Mining (NYSE:HL)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Hecla Mining (NYSE:HL) by 83.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 858,091 shares of the basic materials company’s stock after buying an additional 391,114 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.14% of Hecla Mining worth $5,723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HL. Sei Investments Co. lifted its position in Hecla Mining by 19.5% during the first quarter. Sei Investments Co. now owns 185,990 shares of the basic materials company’s stock worth $895,000 after acquiring an additional 30,379 shares during the last quarter. Vanguard Group Inc. boosted its stake in Hecla Mining by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock valued at $285,811,000 after purchasing an additional 1,506,573 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Hecla Mining by 139.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,864 shares of the basic materials company’s stock valued at $664,000 after buying an additional 80,311 shares in the last quarter. Quadrature Capital Ltd bought a new position in Hecla Mining during the 1st quarter worth $229,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Hecla Mining by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 450,178 shares of the basic materials company’s stock worth $2,166,000 after buying an additional 22,782 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Activity at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now directly owns 173,700 shares in the company, valued at approximately $1,175,949. This represents a 38.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

Hecla Mining Stock Down 3.0 %

NYSE HL opened at $5.52 on Friday. The business has a fifty day moving average price of $6.47 and a two-hundred day moving average price of $5.88. The stock has a market capitalization of $3.47 billion, a PE ratio of -138.00 and a beta of 2.00. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $7.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The business had revenue of $245.09 million during the quarter, compared to the consensus estimate of $232.03 million. During the same period in the prior year, the company earned ($0.01) EPS. Hecla Mining’s revenue for the quarter was up 34.7% on a year-over-year basis. Equities analysts expect that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a $0.0138 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. Hecla Mining’s payout ratio is currently -125.00%.

Analyst Ratings Changes

A number of equities analysts recently commented on HL shares. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a research report on Thursday, August 8th. StockNews.com downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. TD Securities dropped their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Roth Mkm cut their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. 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 issued a strong buy rating to the company. According to MarketBeat.com, Hecla Mining has a consensus rating of “Moderate Buy” and an average price target of $7.94.

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.