Quadrature Capital Ltd Takes $356,000 Position in Hecla Mining (NYSE:HL)

Quadrature Capital Ltd acquired a new stake in shares of Hecla Mining (NYSE:HL) during the third quarter, according to its most recent filing with the SEC. The fund acquired 53,314 shares of the basic materials company’s stock, valued at approximately $356,000.

Other institutional investors have also added to or reduced their stakes in the company. Hollencrest Capital Management increased its position in shares of Hecla Mining by 1.0% during the third quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock valued at $1,659,000 after buying an additional 2,367 shares during the period. KBC Group NV grew 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 in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Hecla Mining by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock worth $1,639,000 after acquiring an additional 2,939 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Hecla Mining by 21.7% in 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. Finally, Financial Advocates Investment Management boosted its holdings in Hecla Mining by 8.7% in the 3rd quarter. Financial Advocates Investment Management now owns 37,919 shares of the basic materials company’s stock valued at $253,000 after purchasing an additional 3,037 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Up 6.1 %

Shares of NYSE:HL opened at $5.86 on Tuesday. The firm has a market capitalization of $3.68 billion, a PE ratio of -146.38 and a beta of 1.92. 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 fifty day moving average of $6.20 and a 200 day moving average of $5.88.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data 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 firm had revenue of $245.09 million during the quarter, compared to analysts’ expectations of $232.03 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The company’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) EPS. As a group, research analysts anticipate that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.0138 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Thursday, November 21st. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. 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 research report on Friday, November 8th. Finally, National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hecla Mining currently has a consensus rating of “Moderate Buy” and an average price target of $7.94.

Insider Transactions at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the sale, the vice president now owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. The trade was a 38.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Hecla Mining 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.