Hecla Mining (NYSE:HL) Shares Bought by Benin Management CORP

Benin Management CORP raised its holdings in Hecla Mining (NYSE:HL) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,850 shares of the basic materials company’s stock after purchasing an additional 3,000 shares during the quarter. Benin Management CORP’s holdings in Hecla Mining were worth $161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of Hecla Mining by 771.8% during the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 4,438 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Hecla Mining in the third quarter valued at $28,000. Sound Income Strategies LLC acquired a new position in shares of Hecla Mining in the third quarter worth about $49,000. FNY Investment Advisers LLC acquired a new position in shares of Hecla Mining in the fourth quarter worth about $49,000. Finally, M.E. Allison & CO. Inc. purchased a new stake in shares of Hecla Mining during the 4th quarter worth about $49,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Price Performance

HL stock opened at $5.50 on Friday. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.68. The business’s 50-day moving average is $5.36 and its 200 day moving average is $5.86. 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 issued its quarterly earnings results 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. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The firm had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. During the same period in the previous year, the company posted ($0.01) earnings per share. The business’s revenue was up 34.7% on a year-over-year basis. As a group, equities analysts expect that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, November 21st. Hecla Mining’s payout ratio is -125.00%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HL. TD Securities cut their price target on Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 8th. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, StockNews.com lowered Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.94.

About Hecla Mining

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.