24 ETFs Add to Hecla Mining (HL) on Oct. 15
This article first appeared on GuruFocus.
ETF flows into Hecla Mining (HL) totaled a net $12.5 million in Thursday’s session, with 24 ETFs buying and 8 selling. The buying outweighed the prior day’s net outflow of $3.0 million. Over the recent stretch, net values were $0.9 million on Oct. 13, $2.3 million on Oct. 12 and -$0.1 million on Oct. 9. The move marks a one-day streak of same-direction activity.
For the full record of ETF and guru buying and selling in HL, see the HL guru trades page.
Which ETFs bought HL on Thursday?
The largest buyers by dollar value were DFAS ($12.3 million), XME ($0.6 million) and SPMD ($0.2 million). In all, 24 ETFs added shares and 8 cut them.
DFAS led the buying with a $12.3 million value change, adding 789,636 shares for a 22.24% stake increase and a 0.2% portfolio weight. XME added $0.6 million across 40,629 shares, holding a 4.16% weight, while SPMD added $0.2 million and AVLV and SMLF each added $0.1 million. Hecla operates in the Basic Materials sector, within Other Precious Metals & Mining, and carries a market cap of $10.3 billion.
Have ETFs been buying or selling HL lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does HL do?
Hecla Mining Company is a precious metals producer focused on silver and gold, with additional output of lead and zinc as by-products. Its operations include the Greens Creek mine in Alaska, one of the world’s largest and lowest-cost primary silver mines; the Lucky Friday mine in Idaho; the Keno Hill silver mine in Canada’s Yukon; and the Casa Berardi gold mine in Quebec.
Hecla Mining reported trailing-12-month revenue of $1.60 billion, up 63.0% year over year, with gross and net margins of 51.1% and 32.9%. The stock trades at $15.30 against a P/E of 19.62, P/B of 3.83 and P/S of 6.43, with a $10.3 billion market cap. Its GF Score is 69 and GF Value is $10.13, while the dividend yield is 0.09% and the year-to-date return is -20.22%.