Hecla Mining (HL) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of Hecla Mining (NYSE:HL) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 347,154 shares of the basic materials company’s stock after buying an additional 19,604 shares during the quarter. SG Americas Securities LLC owned 0.07% of Hecla Mining worth $819,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Northern Trust Corp boosted its position in Hecla Mining by 2.4% during the 2nd quarter. Northern Trust Corp now owns 4,889,054 shares of the basic materials company’s stock valued at $17,014,000 after purchasing an additional 114,575 shares during the period. First Quadrant L P CA bought a new stake in Hecla Mining during the 3rd quarter valued at $895,000. Xact Kapitalforvaltning AB raised its stake in Hecla Mining by 70.7% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 113,216 shares of the basic materials company’s stock valued at $316,000 after acquiring an additional 46,900 shares in the last quarter. First Trust Advisors LP raised its stake in Hecla Mining by 27.8% during the 3rd quarter. First Trust Advisors LP now owns 353,906 shares of the basic materials company’s stock valued at $987,000 after acquiring an additional 76,902 shares in the last quarter. Finally, Congress Asset Management Co. MA bought a new stake in Hecla Mining during the 3rd quarter valued at $3,428,000. 58.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE HL opened at $2.74 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.50. The firm has a market capitalization of $1.41 billion, a P/E ratio of 27.40, a P/E/G ratio of 732.50 and a beta of 0.50. Hecla Mining has a 52-week low of $2.17 and a 52-week high of $4.15.

Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, February 21st. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01). The company had revenue of $136.50 million during the quarter, compared to analyst estimates of $148.84 million. Hecla Mining had a positive return on equity of 0.60% and a negative net margin of 5.18%. The business’s revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. As a group, research analysts expect that Hecla Mining will post -0.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 13th. Investors of record on Tuesday, March 5th will be issued a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.36%. Hecla Mining’s payout ratio is 10.00%.

Several analysts have weighed in on HL shares. ValuEngine raised Hecla Mining from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. HC Wainwright set a $7.00 price objective on Hecla Mining and gave the stock a “buy” rating in a research note on Friday, November 9th. Canaccord Genuity raised Hecla Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 9th. Zacks Investment Research upgraded Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 20th. Finally, B. Riley set a $4.00 target price on Hecla Mining and gave the stock a “buy” rating in a report on Monday, November 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $4.40.

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Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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