Landscape Capital Management L.L.C. Takes $430,000 Position in Hecla Mining (NYSE:HL)

Landscape Capital Management L.L.C. purchased a new stake in Hecla Mining (NYSE:HL) during the third quarter, Holdings Channel reports. The institutional investor purchased 64,421 shares of the basic materials company’s stock, valued at approximately $430,000.

Other institutional investors have also modified their holdings of the company. Hollencrest Capital Management raised its holdings in shares of Hecla Mining by 1.0% during the third quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock valued at $1,659,000 after acquiring an additional 2,367 shares during the last quarter. KBC Group NV raised its stake in Hecla Mining by 19.2% in the 3rd quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 2,909 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Hecla Mining by 0.9% in the 2nd 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. Wealth Enhancement Advisory Services LLC boosted its stake in Hecla Mining by 21.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 2,982 shares during the last quarter. Finally, Financial Advocates Investment Management boosted its stake in Hecla Mining by 8.7% during the 3rd quarter. Financial Advocates Investment Management now owns 37,919 shares of the basic materials company’s stock worth $253,000 after purchasing an additional 3,037 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Down 3.0 %

Shares of HL opened at $5.52 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.47 billion, a P/E ratio of -138.00 and a beta of 2.00. The company’s 50-day moving average price is $6.47 and its 200 day moving average price is $5.89. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.68.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 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 for the quarter, compared to analyst estimates of $232.03 million. During the same period in the prior year, the business posted ($0.01) EPS. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. On average, sell-side analysts forecast that Hecla Mining will post 0.06 earnings per share for the current year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a $0.0138 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, November 21st. Hecla Mining’s payout ratio is -125.00%.

Insider Activity at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the sale, the vice president now directly owns 173,700 shares in the company, valued at approximately $1,175,949. This trade represents a 38.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

HL has been the topic of several research reports. Roth Mkm decreased their price target on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. TD Securities cut 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. StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. HC Wainwright restated a “buy” rating and issued a $10.25 price target on shares of Hecla Mining in a research report on Thursday, August 8th. Finally, National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hecla Mining currently has an average rating of “Moderate Buy” and a consensus target price of $7.94.

Hecla Mining 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.