Hecla Mining (NYSE:HL) Shares Acquired by Fmr LLC

Fmr LLC raised its holdings in Hecla Mining (NYSE:HL) by 51.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,435,909 shares of the basic materials company’s stock after buying an additional 1,842,991 shares during the period. Fmr LLC owned about 0.87% of Hecla Mining worth $36,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Continuum Advisory LLC increased its position in Hecla Mining by 313.6% during the second quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock worth $32,000 after buying an additional 4,967 shares during the period. Innealta Capital LLC acquired a new position in shares of Hecla Mining in the 2nd quarter valued at $41,000. Sound Income Strategies LLC purchased a new stake in Hecla Mining in the 3rd quarter valued at $49,000. Ballentine Partners LLC acquired a new stake in Hecla Mining during the 2nd quarter worth $54,000. Finally, Oak Family Advisors LLC purchased a new position in Hecla Mining during the 2nd quarter worth $55,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $5.52 on Monday. The company has a market cap of $3.47 billion, a PE ratio of -138.00 and a beta of 1.92. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $7.68. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The firm has a 50-day simple moving average of $6.21 and a 200 day simple moving average of $5.88.

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

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, November 21st. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Finally, TD Securities lowered their price target on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.94.

Insiders Place Their Bets

In other news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the sale, the vice president now directly owns 173,700 shares in the company, valued at $1,175,949. The trade was a 38.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

About Hecla Mining

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.