FNY Investment Advisers LLC Acquires New Shares in Hecla Mining (NYSE:HL)

FNY Investment Advisers LLC bought a new stake in shares of Hecla Mining (NYSE:HL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the basic materials company’s stock, valued at approximately $49,000.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Hecla Mining by 771.8% during the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 4,438 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hecla Mining during the 3rd quarter valued at $28,000. Sound Income Strategies LLC bought a new position in shares of Hecla Mining in the third quarter worth $49,000. SPC Financial Inc. bought a new stake in Hecla Mining during the second quarter valued at $67,000. Finally, GFG Capital LLC purchased a new position in Hecla Mining during the third quarter worth about $67,000. 63.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HL. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. StockNews.com cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Finally, TD Securities lowered their price objective on shares of 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.94.

Hecla Mining Price Performance

HL stock opened at $5.42 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. The firm has a market cap of $3.41 billion, a P/E ratio of -135.50 and a beta of 1.91. The firm’s fifty day moving average is $5.40 and its 200 day moving average is $5.85. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $7.68.

Hecla Mining (NYSE:HL) last released its 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 company had revenue of $245.09 million during the quarter, compared to analyst estimates of $232.03 million. During the same quarter in the previous year, the company posted ($0.01) EPS. Hecla Mining’s revenue for the quarter was up 34.7% on a year-over-year basis. Research analysts predict that Hecla Mining will post 0.06 earnings per share for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, November 21st. 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.