Virtus Fund Advisers LLC increased its holdings in shares of Hecla Mining (NYSE:HL) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,197,246 shares of the basic materials company’s stock after buying an additional 515,890 shares during the quarter. Virtus Fund Advisers LLC owned 1.80% of Hecla Mining worth $28,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in Hecla Mining by 15.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock worth $119,000 after buying an additional 3,143 shares during the last quarter. First Allied Advisory Services Inc. purchased a new position in Hecla Mining during the 4th quarter worth $108,000. Advisor Group Inc. grew its stake in Hecla Mining by 148.1% during the 2nd quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock worth $142,000 after buying an additional 16,561 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in Hecla Mining by 5.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock worth $177,000 after buying an additional 1,643 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new position in Hecla Mining during the 3rd quarter worth $187,000. Hedge funds and other institutional investors own 57.99% of the company’s stock.
Shares of Hecla Mining (HL) opened at $3.98 on Tuesday. Hecla Mining has a 52 week low of $3.38 and a 52 week high of $6.72. The company has a quick ratio of 2.37, a current ratio of 2.86 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1,590.00, a price-to-earnings ratio of -28.43, a price-to-earnings-growth ratio of 26.10 and a beta of 0.26.
Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. Hecla Mining had a positive return on equity of 2.17% and a negative net margin of 4.07%. The company had revenue of $160.10 million for the quarter, compared to analysts’ expectations of $156.85 million. During the same period last year, the firm earned $0.03 earnings per share. Hecla Mining’s quarterly revenue was down 2.6% on a year-over-year basis. equities research analysts predict that Hecla Mining will post 0.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, March 6th will be given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Monday, March 5th. Hecla Mining’s dividend payout ratio (DPR) is currently -7.14%.
In related news, CEO Phillips S. Baker, Jr. purchased 13,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average price of $3.76 per share, with a total value of $48,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Theodore Crumley purchased 10,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were bought at an average cost of $3.49 per share, for a total transaction of $34,900.00. Following the acquisition, the director now owns 126,536 shares of the company’s stock, valued at $441,610.64. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.
HL has been the topic of several research analyst reports. Cantor Fitzgerald initiated coverage on Hecla Mining in a research note on Monday, December 4th. They set a “buy” rating and a $5.00 target price on the stock. BMO Capital Markets assumed coverage on Hecla Mining in a research note on Friday, November 17th. They set a “market perform” rating and a $4.75 price target on the stock. ValuEngine downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Canaccord Genuity reiterated a “buy” rating and set a $5.00 price target on shares of Hecla Mining in a research note on Monday, January 8th. Finally, Zacks Investment Research downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $5.64.
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About Hecla Mining
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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