ORG Partners LLC Boosts Stock Holdings in Hecla Mining (NYSE:HL)

ORG Partners LLC lifted its stake in shares of Hecla Mining (NYSE:HL) by 1,172.3% during the fourth quarter, Holdings Channel reports. The fund owned 17,812 shares of the basic materials company’s stock after acquiring an additional 16,412 shares during the period. ORG Partners LLC’s holdings in Hecla Mining were worth $86,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Quilter Plc purchased a new position in Hecla Mining in the first quarter valued at $5,183,460,000. Dark Forest Capital Management LP purchased a new position in Hecla Mining in the first quarter valued at $48,000. FNY Investment Advisers LLC purchased a new position in Hecla Mining in the third quarter valued at $31,000. Captrust Financial Advisors increased its holdings in Hecla Mining by 104.3% in the second quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock valued at $38,000 after buying an additional 4,932 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Hecla Mining in the second quarter valued at $40,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Performance

NYSE HL opened at $5.42 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.65. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $7.00. The company has a fifty day moving average of $4.21 and a two-hundred day moving average of $4.30.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The business had revenue of $160.69 million for the quarter, compared to analyst estimates of $151.51 million. During the same quarter last year, the company posted $0.02 EPS. Hecla Mining’s quarterly revenue was down 17.5% on a year-over-year basis. On average, equities analysts anticipate that Hecla Mining will post 0.02 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were given a $0.006 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.02 dividend on an annualized basis and a yield of 0.44%. Hecla Mining’s payout ratio is currently -20.00%.

Analysts Set New Price Targets

HL has been the topic of several recent analyst reports. StockNews.com raised Hecla Mining to a “sell” rating in a report on Wednesday, April 10th. Roth Mkm increased their target price on Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Hecla Mining in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.68.

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.