Sanctuary Advisors LLC Buys New Stake in Hecla Mining (NYSE:HL)

Sanctuary Advisors LLC purchased a new position in shares of Hecla Mining (NYSE:HL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 36,671 shares of the basic materials company’s stock, valued at approximately $245,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in shares of Hecla Mining during the third quarter valued at approximately $371,000. Geode Capital Management LLC grew its stake in shares of Hecla Mining by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company’s stock worth $92,499,000 after purchasing an additional 711,676 shares during the last quarter. Barclays PLC grew its stake in shares of Hecla Mining by 317.4% in the 3rd quarter. Barclays PLC now owns 909,811 shares of the basic materials company’s stock worth $6,069,000 after purchasing an additional 691,862 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Hecla Mining by 603.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 162,404 shares of the basic materials company’s stock worth $1,083,000 after purchasing an additional 139,321 shares in the last quarter. Finally, MML Investors Services LLC grew its position in Hecla Mining by 28.6% in the third quarter. MML Investors Services LLC now owns 13,229 shares of the basic materials company’s stock worth $88,000 after buying an additional 2,944 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

HL has been the subject of several analyst reports. TD Securities reduced their target price on Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, StockNews.com downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. One research 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 MarketBeat.com, Hecla Mining presently has an average rating of “Moderate Buy” and a consensus price target of $7.94.

Hecla Mining Price Performance

NYSE HL opened at $5.01 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of -125.25 and a beta of 1.92. The company has a 50 day simple moving average of $5.81 and a 200-day simple moving average of $5.84. Hecla Mining has a 52-week low of $3.33 and a 52-week high of $7.68.

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

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a dividend of $0.0138 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a yield of 1.10%. Hecla Mining’s payout ratio is -125.00%.

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.