Banco Santander S.A. Sells 3,149 Shares of Hecla Mining (NYSE:HL)

Banco Santander S.A. reduced its holdings in Hecla Mining (NYSE:HL) by 13.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,105 shares of the basic materials company’s stock after selling 3,149 shares during the quarter. Banco Santander S.A.’s holdings in Hecla Mining were worth $141,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Hollencrest Capital Management increased its stake in Hecla Mining by 1.0% during the 3rd quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock worth $1,659,000 after purchasing an additional 2,367 shares in the last quarter. KBC Group NV boosted its holdings in shares of Hecla Mining by 19.2% in the third quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock valued at $121,000 after buying an additional 2,909 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Hecla Mining by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock worth $1,639,000 after acquiring an additional 2,939 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Hecla Mining by 21.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 2,982 shares during the period. Finally, Financial Advocates Investment Management raised its holdings in shares of Hecla Mining by 8.7% during the third quarter. Financial Advocates Investment Management now owns 37,919 shares of the basic materials company’s stock worth $253,000 after acquiring an additional 3,037 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Roth Mkm dropped their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. TD Securities reduced their price target on Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 8th. HC Wainwright reiterated a “buy” rating and issued a $10.25 price objective on shares of Hecla Mining in a report on Thursday, August 8th. Finally, National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $7.94.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 173,700 shares in the company, valued at $1,175,949. This trade represents a 38.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Hecla Mining Stock Performance

Shares of HL stock opened at $5.52 on Friday. The company has a fifty day moving average price of $6.47 and a two-hundred day moving average price of $5.88. Hecla Mining has a one year low of $3.33 and a one year high of $7.68. The stock has a market cap of $3.47 billion, a P/E ratio of -138.00 and a beta of 2.00. 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 (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, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $245.09 million during the quarter, compared to the consensus estimate of $232.03 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. Hecla Mining’s revenue was up 34.7% on a year-over-year basis. During the same period last year, the business posted ($0.01) EPS. As a group, equities analysts predict that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, November 21st. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Hecla Mining Company 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.