Virtu Financial LLC Purchases New Shares in Hecla Mining (NYSE:HL)

Virtu Financial LLC acquired a new position in Hecla Mining (NYSE:HL) in the third quarter, Holdings Channel reports. The fund acquired 55,613 shares of the basic materials company’s stock, valued at approximately $371,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management raised its stake in shares of Hecla Mining by 1.0% during the 3rd quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock worth $1,659,000 after purchasing an additional 2,367 shares during the period. KBC Group NV boosted its stake in Hecla Mining by 19.2% in the third quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 2,909 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Hecla Mining by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock valued at $1,639,000 after acquiring an additional 2,939 shares during the period. MML Investors Services LLC increased its stake in shares of Hecla Mining by 28.6% during the 3rd quarter. MML Investors Services LLC now owns 13,229 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 2,944 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Hecla Mining by 21.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 2,982 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on HL shares. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. TD Securities decreased their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $7.94.

Hecla Mining Stock Down 2.1 %

Shares of NYSE HL opened at $5.29 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.32 billion, a P/E ratio of -132.13 and a beta of 1.92. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $7.68. The business has a 50-day simple moving average of $6.10 and a two-hundred day simple moving average of $5.87.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The business had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. Hecla Mining’s revenue was up 34.7% on a year-over-year basis. Research analysts anticipate that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a dividend of $0.0138 per share. This represents a $0.06 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, November 21st. Hecla Mining’s payout ratio is -125.00%.

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.