MML Investors Services LLC Has $88,000 Holdings in Hecla Mining (NYSE:HL)

MML Investors Services LLC grew its stake in Hecla Mining (NYSE:HL) by 28.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,229 shares of the basic materials company’s stock after acquiring an additional 2,944 shares during the period. MML Investors Services LLC’s holdings in Hecla Mining were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in Hecla Mining by 7.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company’s stock worth $44,813,000 after purchasing an additional 456,107 shares during the last quarter. FMR LLC increased its stake in shares of Hecla Mining by 51.3% in the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock valued at $36,258,000 after buying an additional 1,842,991 shares during the period. Intech Investment Management LLC bought a new stake in shares of Hecla Mining during the third quarter worth $1,210,000. First Eagle Investment Management LLC lifted its stake in shares of Hecla Mining by 26.5% during the second quarter. First Eagle Investment Management LLC now owns 1,624,677 shares of the basic materials company’s stock valued at $7,880,000 after acquiring an additional 340,000 shares during the period. Finally, Marshall Wace LLP bought a new position in Hecla Mining in the second quarter valued at about $6,280,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HL shares. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. StockNews.com downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Finally, TD Securities reduced their price objective 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hecla Mining presently has a consensus rating of “Moderate Buy” and an average target price of $7.94.

Hecla Mining Stock Performance

Shares of HL stock opened at $5.01 on Friday. The stock has a 50-day moving average of $5.81 and a 200-day moving average of $5.83. Hecla Mining has a one year low of $3.33 and a one year high of $7.68. The stock has a market cap of $3.15 billion, a PE ratio of -125.25 and a beta of 1.92. 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 posted its earnings results 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 negative net margin of 2.27% and a positive return on equity of 0.75%. The company had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. During the same period last year, the business posted ($0.01) earnings per share. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. As a group, sell-side analysts expect that Hecla Mining will post 0.06 earnings per share for the current year.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.0138 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.06 annualized dividend and a yield of 1.10%. Hecla Mining’s dividend payout ratio is presently -125.00%.

Hecla Mining Company 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.