Stonehage Fleming Financial Services Holdings Ltd Purchases 36,050 Shares of Hecla Mining (NYSE:HL)

Stonehage Fleming Financial Services Holdings Ltd raised its holdings in Hecla Mining (NYSE:HL) by 146.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,620 shares of the basic materials company’s stock after purchasing an additional 36,050 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Hecla Mining were worth $298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HL. GAMMA Investing LLC boosted its stake in Hecla Mining by 771.8% in the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after buying an additional 4,438 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hecla Mining in the 3rd quarter valued at approximately $28,000. Sound Income Strategies LLC bought a new stake in shares of Hecla Mining during the 3rd quarter valued at approximately $49,000. FNY Investment Advisers LLC acquired a new position in Hecla Mining during the 4th quarter worth approximately $49,000. Finally, M.E. Allison & CO. Inc. bought a new position in Hecla Mining in the 4th quarter valued at approximately $49,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. TD Securities decreased their target price 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. National Bank Financial lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.94.

Hecla Mining Price Performance

NYSE HL opened at $5.50 on Monday. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68. The stock has a fifty day simple moving average of $5.36 and a 200 day simple moving average of $5.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data 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 company had revenue of $245.09 million for 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 firm’s quarterly revenue was up 34.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) earnings per share. As a group, analysts predict that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a dividend of $0.0138 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, November 21st. Hecla Mining’s dividend payout ratio (DPR) is presently -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.