MML Investors Services LLC Acquires 2,944 Shares of Hecla Mining (NYSE:HL)

MML Investors Services LLC increased its holdings in shares of Hecla Mining (NYSE:HL) by 28.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,229 shares of the basic materials company’s stock after purchasing an additional 2,944 shares during the quarter. MML Investors Services LLC’s holdings in Hecla Mining were worth $88,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HL. XTX Topco Ltd lifted its position in Hecla Mining by 753.6% during the 3rd quarter. XTX Topco Ltd now owns 248,978 shares of the basic materials company’s stock worth $1,661,000 after buying an additional 219,811 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of Hecla Mining in the third quarter valued at about $1,266,000. DF Dent & Co. Inc. bought a new stake in Hecla Mining during the third quarter worth about $467,000. National Bank of Canada FI boosted its position in Hecla Mining by 1.3% during the third quarter. National Bank of Canada FI now owns 1,140,528 shares of the basic materials company’s stock valued at $7,607,000 after purchasing an additional 14,664 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in Hecla Mining in the third quarter valued at approximately $356,000. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

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

Hecla Mining Stock Performance

HL opened at $5.01 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.68. The business has a 50 day moving average of $5.81 and a 200-day moving average of $5.83. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of -125.25 and a beta of 1.92.

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, 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 business had revenue of $245.09 million for the quarter, compared to analysts’ expectations of $232.03 million. During the same quarter in the prior year, the business earned ($0.01) EPS. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis. On average, equities research analysts expect that Hecla Mining will post 0.06 earnings per share for the current 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 paid a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, November 21st. Hecla Mining’s dividend payout ratio is presently -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.