SG Americas Securities LLC Has $211,000 Stock Position in Hecla Mining (NYSE:HL)

SG Americas Securities LLC decreased its position in shares of Hecla Mining (NYSE:HL) by 82.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,913 shares of the basic materials company’s stock after selling 199,532 shares during the period. SG Americas Securities LLC’s holdings in Hecla Mining were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HL. Hollencrest Capital Management grew its position in Hecla Mining by 1.0% in the 3rd quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock worth $1,659,000 after purchasing an additional 2,367 shares during the last quarter. KBC Group NV increased its stake in Hecla Mining by 19.2% during the third quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 2,909 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Hecla Mining by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock valued at $1,639,000 after acquiring an additional 2,939 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Hecla Mining by 28.6% in the 3rd quarter. MML Investors Services LLC now owns 13,229 shares of the basic materials company’s stock worth $88,000 after acquiring an additional 2,944 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Hecla Mining by 21.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 2,982 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Stock Down 2.2 %

HL opened at $5.88 on Friday. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of -146.88 and a beta of 1.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. The firm’s 50-day simple moving average is $5.39 and its 200-day simple moving average is $5.84. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data 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. The company 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%. The company’s revenue was up 34.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) earnings per share. Equities research analysts anticipate that Hecla Mining will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.