Axa increased its position in Hecla Mining (NYSE:HL) by 63.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 369,300 shares of the basic materials company’s stock after buying an additional 143,200 shares during the period. Axa’s holdings in Hecla Mining were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in Hecla Mining by 13,731.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 48,273 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 47,924 shares during the period. GAM Holding AG acquired a new stake in Hecla Mining in the 2nd quarter worth $186,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Hecla Mining in the 2nd quarter worth $208,000. Stevens Capital Management LP acquired a new stake in Hecla Mining in the 2nd quarter worth $219,000. Finally, Strategic Wealth Advisors Group LLC acquired a new stake in Hecla Mining in the 3rd quarter worth $279,000. Hedge funds and other institutional investors own 59.06% of the company’s stock.
NYSE HL opened at $2.34 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 23.40 and a beta of 0.43. Hecla Mining has a 52-week low of $2.17 and a 52-week high of $4.63.
Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, November 8th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Hecla Mining had a negative net margin of 5.18% and a positive return on equity of 0.60%. The business had revenue of $143.70 million for the quarter, compared to analyst estimates of $149.34 million. During the same quarter last year, the firm posted $0.04 earnings per share. Hecla Mining’s revenue was up 2.1% on a year-over-year basis. Research analysts forecast that Hecla Mining will post -0.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Tuesday, November 20th were given a dividend of $0.0025 per share. The ex-dividend date was Monday, November 19th. This represents a $0.01 annualized dividend and a dividend yield of 0.43%. Hecla Mining’s dividend payout ratio (DPR) is currently 10.00%.
HL has been the topic of several research analyst reports. Roth Capital initiated coverage on shares of Hecla Mining in a research report on Monday, September 10th. They issued a “buy” rating and a $5.00 price target on the stock. HC Wainwright set a $7.00 price target on shares of Hecla Mining and gave the stock a “buy” rating in a research report on Wednesday, October 24th. B. Riley decreased their price target on shares of Hecla Mining from $5.00 to $3.75 and set a “buy” rating on the stock in a research report on Thursday, September 20th. ValuEngine upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Finally, TheStreet lowered shares of Hecla Mining from a “c-” rating to a “d” rating in a research report on Monday, November 26th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $4.59.
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Hecla Mining Profile
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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