M.E. Allison & CO. Inc. Buys Shares of 10,000 Hecla Mining (NYSE:HL)

M.E. Allison & CO. Inc. purchased a new position in Hecla Mining (NYSE:HL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the basic materials company’s stock, valued at approximately $49,000.

Other institutional investors also recently modified their holdings of the company. Hollencrest Capital Management grew its stake in Hecla Mining by 1.0% during the third 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 during the period. KBC Group NV lifted its position in shares of Hecla Mining by 19.2% during the 3rd quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 2,909 shares during the period. The Manufacturers Life Insurance Company increased its stake in Hecla Mining by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock valued at $1,639,000 after purchasing an additional 2,939 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Hecla Mining by 28.6% in the 3rd quarter. MML Investors Services LLC now owns 13,229 shares of the basic materials company’s stock valued at $88,000 after buying an additional 2,944 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Hecla Mining by 21.7% in 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 in the last quarter. 63.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HL shares. StockNews.com lowered Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, TD Securities reduced their price objective 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.94.

Hecla Mining Trading Up 0.7 %

Shares of Hecla Mining stock opened at $5.39 on Tuesday. The company has a market capitalization of $3.38 billion, a P/E ratio of -134.68 and a beta of 1.91. The stock has a fifty day simple moving average of $5.36 and a 200 day simple moving average of $5.86. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.68. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The firm had revenue of $245.09 million during the quarter, compared to analyst estimates of $232.03 million. During the same quarter in the prior year, the business posted ($0.01) EPS. The business’s revenue was up 34.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Hecla Mining will post 0.06 earnings per share for the current fiscal 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 paid a $0.0138 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.06 annualized dividend and a yield of 1.02%. Hecla Mining’s dividend payout ratio (DPR) is -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.