Hecla Mining (NYSE:HL) Shares Purchased by Paloma Partners Management Co

Paloma Partners Management Co boosted its stake in Hecla Mining (NYSE:HL) by 248.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,375 shares of the basic materials company’s stock after acquiring an additional 29,493 shares during the period. Paloma Partners Management Co’s holdings in Hecla Mining were worth $276,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hecla Mining in the 3rd quarter valued at about $28,000. Continuum Advisory LLC boosted its holdings in shares of Hecla Mining by 313.6% in the second quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 4,967 shares during the period. Innealta Capital LLC purchased a new position in shares of Hecla Mining during the second quarter worth approximately $41,000. Sound Income Strategies LLC acquired a new position in shares of Hecla Mining in the 3rd quarter valued at $49,000. Finally, Ballentine Partners LLC purchased a new stake in Hecla Mining in the 2nd quarter valued at $54,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on HL. StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. TD Securities reduced their price objective 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. Roth Mkm lowered their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued 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 an average price target of $7.94.

Insider Transactions at Hecla Mining

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

Hecla Mining Stock Up 0.5 %

Hecla Mining stock opened at $5.67 on Friday. The stock’s 50 day moving average price is $6.27 and its 200 day moving average price is $5.89. The company has a market cap of $3.56 billion, a PE ratio of -141.75 and a beta of 1.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.68.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The business had revenue of $245.09 million for the quarter, compared to analysts’ expectations of $232.03 million. During the same period in the prior year, the company posted ($0.01) EPS. The business’s revenue for the quarter was up 34.7% on a year-over-year basis. On average, sell-side analysts predict that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders 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 dividend yield of 0.97%. 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.