SG Americas Securities LLC Acquires Shares of 15,751 Hecla Mining (NYSE:HL)

SG Americas Securities LLC purchased a new position in shares of Hecla Mining (NYSE:HL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,751 shares of the basic materials company’s stock, valued at approximately $76,000.

A number of other institutional investors also recently modified their holdings of HL. Captrust Financial Advisors raised its holdings in shares of Hecla Mining by 104.3% during the 2nd quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock worth $38,000 after buying an additional 4,932 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Hecla Mining during the 2nd quarter worth $40,000. Nomura Holdings Inc. acquired a new position in shares of Hecla Mining during the 2nd quarter worth $45,000. Dark Forest Capital Management LP acquired a new position in shares of Hecla Mining during the 1st quarter worth $48,000. Finally, Advisor Partners II LLC acquired a new position in shares of Hecla Mining during the 3rd quarter worth $52,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HL. StockNews.com raised Hecla Mining to a “sell” rating in a report on Wednesday, April 10th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. Finally, Roth Mkm upped their target price on Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.68.

Hecla Mining Price Performance

Shares of NYSE HL opened at $5.31 on Friday. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $6.41. The stock has a fifty day simple moving average of $4.38 and a two-hundred day simple moving average of $4.35. The company has a current ratio of 1.65, a quick ratio of 1.06 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of -35.40 and a beta of 2.20.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $160.69 million during the quarter, compared to the consensus estimate of $151.51 million. During the same period in the previous year, the business earned $0.02 earnings per share. Hecla Mining’s revenue was down 17.5% on a year-over-year basis. Analysts anticipate that Hecla Mining will post 0.02 earnings per share for the current year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were paid a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, March 11th. Hecla Mining’s dividend payout ratio is -20.00%.

Hecla Mining Company 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.