Hecla Mining (NYSE:HL) Shares Bought by Lesa Sroufe & Co

Lesa Sroufe & Co raised its position in Hecla Mining (NYSE:HL - Free Report) by 45.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 494,920 shares of the basic materials company's stock after purchasing an additional 155,268 shares during the quarter. Hecla Mining accounts for approximately 2.4% of Lesa Sroufe & Co's holdings, making the stock its 17th biggest holding. Lesa Sroufe & Co owned approximately 0.08% of Hecla Mining worth $2,381,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Banco Santander S.A. boosted its stake in shares of Hecla Mining by 15.6% during the third quarter. Banco Santander S.A. now owns 18,687 shares of the basic materials company's stock valued at $73,000 after purchasing an additional 2,525 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hecla Mining by 1.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 172,171 shares of the basic materials company's stock valued at $828,000 after purchasing an additional 2,868 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Hecla Mining by 4.7% during the third quarter. Amalgamated Bank now owns 66,578 shares of the basic materials company's stock valued at $260,000 after purchasing an additional 2,984 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of 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 purchasing an additional 3,586 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Hecla Mining by 5.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 87,524 shares of the basic materials company's stock valued at $342,000 after purchasing an additional 4,403 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Stock Performance

Shares of NYSE HL traded down $0.01 during midday trading on Wednesday, reaching $5.23. The company had a trading volume of 6,556,018 shares, compared to its average volume of 7,346,106. The business's 50-day simple moving average is $4.48 and its 200 day simple moving average is $4.38. The stock has a market cap of $3.23 billion, a P/E ratio of -34.86 and a beta of 2.20. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $6.30. 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 (NYSE:HL - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share (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 analysts' expectations of $151.51 million. During the same period in the prior year, the business posted $0.02 EPS. The company's quarterly revenue was down 17.5% on a year-over-year basis. On average, analysts forecast that Hecla Mining will post 0.02 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were issued a dividend of $0.006 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.02 annualized dividend and a dividend yield of 0.46%. Hecla Mining's dividend payout ratio (DPR) is presently -20.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. National Bank Financial restated an "outperform market weight" rating on shares of Hecla Mining in a research note on Monday, April 8th. Roth Mkm raised their target price on shares of Hecla Mining from $4.60 to $6.00 and gave the company a "buy" rating in a research note on Tuesday, April 9th. Finally, StockNews.com upgraded shares of Hecla Mining to a "sell" rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Hecla Mining has an average rating of "Moderate Buy" and an average price target of $6.68.

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.