Captrust Financial Advisors Makes New Investment in Hecla Mining (NYSE:HL)

Captrust Financial Advisors acquired a new position in Hecla Mining (NYSE:HL) in the third quarter, Holdings Channel reports. The institutional investor acquired 10,664 shares of the basic materials company’s stock, valued at approximately $71,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Continuum Advisory LLC raised 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 worth $32,000 after buying an additional 4,967 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Hecla Mining in the third quarter worth approximately $49,000. Innealta Capital LLC purchased a new stake in shares of Hecla Mining in the second quarter worth approximately $41,000. GFG Capital LLC purchased a new stake in shares of Hecla Mining in the third quarter worth approximately $67,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Hecla Mining in the second quarter worth approximately $54,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HL has been the topic of several research analyst reports. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Finally, TD Securities dropped their target price on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.94.

Hecla Mining Price Performance

NYSE:HL opened at $5.29 on Tuesday. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $7.68. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.32 billion, a PE ratio of -132.13 and a beta of 1.92. The stock’s 50-day moving average price is $6.10 and its 200-day moving average price is $5.87.

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

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.0138 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, November 21st. Hecla Mining’s dividend payout ratio is currently -125.00%.

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.