Quadrature Capital Ltd Invests $227,000 in Hecla Mining (NYSE:HL)

Quadrature Capital Ltd bought a new position in shares of Hecla Mining (NYSE:HL – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 57,403 shares of the basic materials company’s stock, valued at approximately $227,000.

Several other large investors also recently bought and sold shares of HL. Profund Advisors LLC boosted its holdings in shares of Hecla Mining by 16.6% in the 3rd quarter. Profund Advisors LLC now owns 54,251 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 7,722 shares during the last quarter. Sigma Planning Corp lifted its stake in shares of Hecla Mining by 262.2% in the 3rd quarter. Sigma Planning Corp now owns 66,764 shares of the basic materials company’s stock valued at $263,000 after purchasing an additional 48,333 shares during the period. OLD Mission Capital LLC acquired a new position in shares of Hecla Mining in the 3rd quarter valued at $1,476,000. Steel Peak Wealth Management LLC lifted its stake in shares of Hecla Mining by 39.4% in the 3rd quarter. Steel Peak Wealth Management LLC now owns 25,600 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 7,229 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Hecla Mining by 13.8% in the 3rd quarter. Victory Capital Management Inc. now owns 80,110 shares of the basic materials company’s stock valued at $316,000 after purchasing an additional 9,689 shares during the period. Hedge funds and other institutional investors own 59.73% of the company’s stock.

Hecla Mining Price Performance

Hecla Mining stock opened at $5.41 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.26. Hecla Mining has a 52-week low of $3.41 and a 52-week high of $7.38. The company has a fifty day simple moving average of $5.71 and a 200-day simple moving average of $5.04. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of -77.27 and a beta of 2.02.

Hecla Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Thursday, March 9th will be issued a $0.006 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.44%. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s dividend payout ratio is currently -42.85%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HL. Canaccord Genuity Group decreased their target price on shares of Hecla Mining from $7.25 to $6.25 and set a “buy” rating for the company in a research note on Thursday, February 16th. BMO Capital Markets upped their price objective on shares of Hecla Mining from $4.75 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, January 13th. Finally, HC Wainwright upped their price objective on shares of Hecla Mining from $6.25 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.92.

Hecla Mining Company Profile

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Hecla Mining Co operates as a silver and gold production company. The firm produces lead, zinc and bulk concentrates for custom smelters and brokers and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, and Nevada Operations.