36,671 Shares in Hecla Mining (NYSE:HL) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in shares of Hecla Mining (NYSE:HL) in the third quarter, HoldingsChannel.com reports. The firm bought 36,671 shares of the basic materials company’s stock, valued at approximately $245,000.

A number of other hedge funds also recently bought and sold shares of HL. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hecla Mining in the third quarter worth $28,000. Sound Income Strategies LLC acquired a new stake in Hecla Mining in the 3rd quarter worth $49,000. GFG Capital LLC bought a new position in shares of Hecla Mining during the 3rd quarter worth about $67,000. Captrust Financial Advisors acquired a new position in shares of Hecla Mining during the third quarter valued at about $71,000. Finally, Ballentine Partners LLC acquired a new position in shares of Hecla Mining during the second quarter valued at about $54,000. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Stock Performance

NYSE:HL opened at $5.01 on Monday. The firm has a market capitalization of $3.15 billion, a PE ratio of -125.25 and a beta of 1.92. 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 firm has a 50-day moving average price of $5.81 and a 200 day moving average price of $5.84.

Hecla Mining (NYSE:HL) last issued its earnings results 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 business 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%. Hecla Mining’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) EPS. Research analysts anticipate that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.0138 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.10%. Hecla Mining’s payout ratio is presently -125.00%.

Wall Street Analysts Forecast Growth

HL has been the topic of a number of recent research reports. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. National Bank Financial lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, TD Securities cut their target price 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Hecla Mining presently has an average rating of “Moderate Buy” and an average price target of $7.94.

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.