Zurcher Kantonalbank Zurich Cantonalbank Buys 2,868 Shares of Hecla Mining (NYSE:HL)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hecla Mining (NYSE:HL) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,171 shares of the basic materials company’s stock after acquiring an additional 2,868 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hecla Mining were worth $828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of HL. Banco Santander S.A. raised its position in shares of Hecla Mining by 15.6% in the 3rd quarter. Banco Santander S.A. now owns 18,687 shares of the basic materials company’s stock worth $73,000 after acquiring an additional 2,525 shares in the last quarter. Amalgamated Bank raised its holdings in Hecla Mining by 4.7% in the third quarter. Amalgamated Bank now owns 66,578 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 2,984 shares in the last quarter. Sigma Planning Corp lifted its position in Hecla Mining by 22.0% during the third quarter. Sigma Planning Corp now owns 19,887 shares of the basic materials company’s stock valued at $78,000 after buying an additional 3,586 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Hecla Mining by 5.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 87,524 shares of the basic materials company’s stock valued at $342,000 after buying an additional 4,403 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its position in shares of Hecla Mining by 5.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 94,900 shares of the basic materials company’s stock worth $456,000 after buying an additional 4,804 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Hecla Mining Stock Performance

HL stock opened at $5.00 on Tuesday. The stock’s 50 day simple moving average is $4.57 and its 200 day simple moving average is $4.41. The company has a current ratio of 1.65, a quick ratio of 1.06 and a debt-to-equity ratio of 0.33. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $6.30. The stock has a market capitalization of $3.08 billion, a PE ratio of -33.33 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) 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 during the quarter, compared to analysts’ expectations of $151.51 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The firm’s revenue for the quarter was down 17.5% compared to the same quarter last year. As a group, research analysts forecast that Hecla Mining will post 0.02 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders 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 0.48%. The ex-dividend date of this dividend was Monday, March 11th. Hecla Mining’s dividend payout ratio is currently -20.00%.

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.