Fiduciary Family Office LLC Invests $73,000 in Hecla Mining (NYSE:HL)

Fiduciary Family Office LLC acquired a new position in Hecla Mining (NYSE:HL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,788 shares of the basic materials company’s stock, valued at approximately $73,000.

Several other hedge funds have also recently bought and sold shares of HL. Encompass Capital Advisors LLC bought a new stake in Hecla Mining during the second quarter valued at about $19,714,000. Van ECK Associates Corp increased its position in Hecla Mining by 4.3% during the third quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock worth $391,510,000 after acquiring an additional 2,238,559 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Hecla Mining in the 3rd quarter valued at $14,623,000. FMR LLC increased its holdings in shares of Hecla Mining by 51.3% during the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock worth $36,258,000 after purchasing an additional 1,842,991 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Hecla Mining during the second quarter valued at about $6,280,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Stock Down 1.7 %

HL stock opened at $5.49 on Thursday. 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 has a 1-year low of $3.33 and a 1-year high of $7.68. The business’s 50 day moving average is $5.37 and its 200-day moving average is $5.86.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, beating 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 analysts’ expectations of $232.03 million. During the same period in the prior year, the business posted ($0.01) earnings per share. The business’s revenue was up 34.7% compared to the same quarter last year. On average, sell-side analysts expect that Hecla Mining will post 0.06 earnings per share for the current 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 dividend of $0.0138 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.06 annualized dividend and a yield of 1.00%. Hecla Mining’s dividend payout ratio is -125.00%.

Wall Street Analysts Forecast Growth

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