Swiss National Bank Sells 6,400 Shares of Hecla Mining (NYSE:HL)

Swiss National Bank cut its position in Hecla Mining (NYSE:HL) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,161,462 shares of the basic materials company’s stock after selling 6,400 shares during the quarter. Swiss National Bank owned about 0.18% of Hecla Mining worth $7,747,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its position in shares of Hecla Mining by 313.6% during the 2nd 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 in the last quarter. Innealta Capital LLC bought a new stake in shares of Hecla Mining in the second quarter valued at approximately $41,000. Sound Income Strategies LLC acquired a new stake in Hecla Mining during the third quarter worth approximately $49,000. Ballentine Partners LLC bought a new position in Hecla Mining during the 2nd quarter worth $54,000. Finally, Oak Family Advisors LLC acquired a new position in Hecla Mining in the 2nd quarter valued at $55,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction dated 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 approximately $1,175,949. The trade was a 38.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Hecla Mining Price Performance

HL stock opened at $5.42 on Tuesday. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of -135.50 and a beta of 2.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. The company has a 50 day simple moving average of $6.44 and a 200 day simple moving average of $5.89. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $7.68.

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

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, November 21st. Hecla Mining’s payout ratio is -125.00%.

Analyst Ratings Changes

Several analysts have recently issued reports on HL shares. HC Wainwright reissued a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a report on Thursday, August 8th. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Roth Mkm dropped their target price on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Finally, TD Securities decreased their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.94.

Hecla Mining 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.