National Bank of Canada FI Raises Stock Position in Hecla Mining (NYSE:HL)

National Bank of Canada FI lifted its stake in Hecla Mining (NYSE:HL) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,140,528 shares of the basic materials company’s stock after purchasing an additional 14,664 shares during the period. National Bank of Canada FI owned 0.18% of Hecla Mining worth $7,607,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HL. Cetera Advisors LLC lifted its holdings in Hecla Mining by 48.9% in the first quarter. Cetera Advisors LLC now owns 15,532 shares of the basic materials company’s stock worth $75,000 after buying an additional 5,104 shares during the period. SG Americas Securities LLC boosted its position in shares of Hecla Mining by 261.2% during the second quarter. SG Americas Securities LLC now owns 141,600 shares of the basic materials company’s stock valued at $687,000 after purchasing an additional 102,392 shares in the last quarter. Continuum Advisory LLC grew its stake in Hecla Mining by 313.6% in the second quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 4,967 shares during the period. Neo Ivy Capital Management bought a new position in Hecla Mining in the second quarter worth $91,000. Finally, Ninety One UK Ltd lifted its position in Hecla Mining by 17.0% during the second quarter. Ninety One UK Ltd now owns 8,219,231 shares of the basic materials company’s stock valued at $39,863,000 after buying an additional 1,196,515 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

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

Hecla Mining Trading Up 2.6 %

NYSE:HL opened at $5.84 on Thursday. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $7.68. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of -146.00 and a beta of 1.92. The company’s 50 day moving average price is $6.17 and its 200-day moving average price is $5.88. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $245.09 million during the quarter, compared to analyst estimates of $232.03 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The company’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) EPS. On average, equities research analysts forecast 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. Shareholders of record on Thursday, November 21st were given a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, November 21st. Hecla Mining’s dividend payout ratio (DPR) is -125.00%.

Insider Buying and Selling at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the transaction, the vice president now directly owns 173,700 shares of the company’s stock, valued at $1,175,949. This represents a 38.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.

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.