53,314 Shares in Hecla Mining (NYSE:HL) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new stake in shares of Hecla Mining (NYSE:HL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 53,314 shares of the basic materials company’s stock, valued at approximately $356,000.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Hecla Mining by 7.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company’s stock valued at $44,813,000 after buying an additional 456,107 shares during the last quarter. FMR LLC boosted its stake in Hecla Mining by 51.3% during the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock valued at $36,258,000 after purchasing an additional 1,842,991 shares during the last quarter. Intech Investment Management LLC acquired a new position in Hecla Mining during the 3rd quarter valued at about $1,210,000. First Eagle Investment Management LLC increased its holdings in Hecla Mining by 26.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,624,677 shares of the basic materials company’s stock worth $7,880,000 after purchasing an additional 340,000 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Hecla Mining in the second quarter worth approximately $6,280,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HL. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. StockNews.com lowered 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 target price on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $7.94.

Hecla Mining Trading Up 6.1 %

Shares of Hecla Mining stock opened at $5.86 on Tuesday. The firm has a market cap of $3.68 billion, a PE ratio of -146.38 and a beta of 1.92. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $7.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. The stock has a fifty day moving average price of $6.20 and a 200-day moving average price of $5.88.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data 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 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%. The firm’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) earnings per share. Equities research analysts anticipate that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Dividend Announcement

The company 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. This represents a $0.06 annualized dividend and a yield of 0.94%. The ex-dividend date was Thursday, November 21st. Hecla Mining’s dividend payout ratio (DPR) is -125.00%.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total transaction of $735,303.24. Following the sale, the vice president now directly owns 173,700 shares of the company’s stock, valued at $1,175,949. This represents a 38.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by corporate insiders.

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.