Hecla Mining Company (HL) Holdings Reduced by Alps Advisors Inc.
Alps Advisors Inc. lowered its holdings in Hecla Mining Company (NYSE:HL) by 49.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 659,778 shares of the basic materials company’s stock after selling 645,068 shares during the quarter. Alps Advisors Inc. owned about 0.17% of Hecla Mining worth $3,312,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of HL. BlackRock Inc. boosted its stake in Hecla Mining by 25,993.9% in the first quarter. BlackRock Inc. now owns 25,056,653 shares of the basic materials company’s stock worth $132,549,000 after purchasing an additional 24,960,628 shares in the last quarter. BT Investment Management Ltd bought a new stake in shares of Hecla Mining during the second quarter worth $77,979,000. Van ECK Associates Corp raised its position in shares of Hecla Mining by 37.6% during the second quarter. Van ECK Associates Corp now owns 38,105,358 shares of the basic materials company’s stock worth $194,337,000 after acquiring an additional 10,415,245 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Hecla Mining by 133.7% during the second quarter. Bank of New York Mellon Corp now owns 4,239,775 shares of the basic materials company’s stock worth $21,623,000 after acquiring an additional 2,425,493 shares during the last quarter. Finally, State Street Corp raised its position in shares of Hecla Mining by 17.2% during the first quarter. State Street Corp now owns 15,508,845 shares of the basic materials company’s stock worth $82,046,000 after acquiring an additional 2,275,928 shares during the last quarter. 59.34% of the stock is currently owned by institutional investors.
In other Hecla Mining news, Director George R. Nethercutt, Jr. sold 62,500 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $5.24, for a total value of $327,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.
Hecla Mining Company (HL) traded down $0.15 during midday trading on Friday, reaching $4.04. The company had a trading volume of 5,914,100 shares, compared to its average volume of 4,262,291. Hecla Mining Company has a fifty-two week low of $4.03 and a fifty-two week high of $6.78. The company has a quick ratio of 2.14, a current ratio of 2.69 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1,612.04, a P/E ratio of 57.71, a PEG ratio of 101.00 and a beta of 0.31.
Hecla Mining (NYSE:HL) last posted its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The firm had revenue of $140.80 million during the quarter, compared to analysts’ expectations of $151.32 million. During the same period in the previous year, the firm earned $0.07 earnings per share. The company’s revenue was down 21.5% on a year-over-year basis. equities research analysts predict that Hecla Mining Company will post 0.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st will be paid a $0.0025 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $0.01 dividend on an annualized basis and a yield of 0.25%. Hecla Mining’s payout ratio is 16.67%.
HL has been the subject of a number of recent research reports. HC Wainwright restated a “buy” rating and set a $8.50 target price on shares of Hecla Mining in a research report on Friday, October 13th. TheStreet downgraded Hecla Mining from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Hecla Mining from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Canaccord Genuity restated a “hold” rating and set a $5.25 target price on shares of Hecla Mining in a research report on Friday, October 6th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $6.00 price objective on shares of Hecla Mining in a report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.52.
Hecla Mining Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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