Banco Santander S.A. Has $141,000 Position in Hecla Mining (NYSE:HL)

Banco Santander S.A. cut its stake in Hecla Mining (NYSE:HL) by 13.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 21,105 shares of the basic materials company’s stock after selling 3,149 shares during the quarter. Banco Santander S.A.’s holdings in Hecla Mining were worth $141,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HL. Landscape Capital Management L.L.C. acquired a new position in Hecla Mining in the third quarter valued at about $430,000. Intech Investment Management LLC bought a new position in Hecla Mining in the 3rd quarter valued at approximately $1,210,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Hecla Mining by 83.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 858,091 shares of the basic materials company’s stock valued at $5,723,000 after buying an additional 391,114 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Hecla Mining during the third quarter worth $2,373,000. Finally, KBC Group NV increased its holdings in shares of Hecla Mining by 19.2% during the third quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock worth $121,000 after buying an additional 2,909 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Insider Activity at Hecla Mining

In related news, VP Kurt Allen sold 108,612 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total transaction of $735,303.24. Following the transaction, the vice president now owns 173,700 shares in the company, valued at $1,175,949. The trade was a 38.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HL shares. StockNews.com lowered Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. National Bank Financial lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. TD Securities reduced their target price on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a research note on Thursday, August 8th. Finally, Roth Mkm cut their price target on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.94.

Hecla Mining Stock Down 3.0 %

Hecla Mining stock opened at $5.52 on Friday. The firm has a 50 day moving average price of $6.47 and a two-hundred day moving average price of $5.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. Hecla Mining has a 52-week low of $3.33 and a 52-week high of $7.68. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of -138.00 and a beta of 2.00.

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, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $245.09 million for 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 for the quarter was up 34.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) earnings per share. Equities analysts predict that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, November 21st. Hecla Mining’s dividend payout ratio is -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.