Centiva Capital LP Has $1.27 Million Position in Hecla Mining (NYSE:HL)

Centiva Capital LP boosted its holdings in Hecla Mining (NYSE:HL) by 419.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,409 shares of the basic materials company’s stock after buying an additional 153,754 shares during the quarter. Centiva Capital LP’s holdings in Hecla Mining were worth $1,270,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Paloma Partners Management Co raised its holdings in Hecla Mining by 248.2% in the 3rd quarter. Paloma Partners Management Co now owns 41,375 shares of the basic materials company’s stock valued at $276,000 after buying an additional 29,493 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Hecla Mining in the 3rd quarter valued at approximately $28,000. Verition Fund Management LLC raised its holdings in Hecla Mining by 43.8% in the 3rd quarter. Verition Fund Management LLC now owns 47,672 shares of the basic materials company’s stock valued at $318,000 after buying an additional 14,521 shares during the last quarter. Captrust Financial Advisors bought a new position in Hecla Mining in the 3rd quarter valued at approximately $71,000. Finally, Martingale Asset Management L P bought a new position in Hecla Mining in the 3rd quarter valued at approximately $170,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Performance

NYSE:HL opened at $5.65 on Thursday. The company has a fifty day moving average of $6.30 and a 200-day moving average of $5.89. The firm has a market capitalization of $3.55 billion, a P/E ratio of -141.13 and a beta of 1.92. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The company had revenue of $245.09 million during the quarter, compared to analyst estimates of $232.03 million. During the same quarter in the previous year, the business posted ($0.01) EPS. Hecla Mining’s revenue for the quarter was up 34.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a $0.0138 dividend. This represents a $0.06 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, November 21st. Hecla Mining’s payout ratio is currently -125.00%.

Wall Street Analyst Weigh In

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

Insider Activity at Hecla Mining

In related news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the sale, the vice president now owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. This trade represents a 38.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.

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.