Fiduciary Family Office LLC Makes New $73,000 Investment in Hecla Mining (NYSE:HL)

Fiduciary Family Office LLC bought a new stake in Hecla Mining (NYSE:HL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,788 shares of the basic materials company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in shares of Hecla Mining by 7.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company’s stock valued at $44,813,000 after buying an additional 456,107 shares during the period. FMR LLC boosted its holdings in Hecla Mining by 51.3% in the third quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock valued at $36,258,000 after acquiring an additional 1,842,991 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Hecla Mining in the third quarter worth about $1,210,000. Geode Capital Management LLC raised its holdings in Hecla Mining by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company’s stock worth $92,499,000 after purchasing an additional 711,676 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Hecla Mining by 378.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 897,261 shares of the basic materials company’s stock worth $5,985,000 after purchasing an additional 709,576 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Trading Down 1.7 %

Hecla Mining stock opened at $5.49 on Thursday. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $5.37 and a 200-day moving average of $5.86.

Hecla Mining (NYSE:HL) last announced 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 firm had revenue of $245.09 million during the quarter, compared to analyst estimates of $232.03 million. During the same period in the prior year, the business earned ($0.01) EPS. The company’s revenue for the quarter was up 34.7% compared to the same quarter last year. Equities analysts predict that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a dividend of $0.0138 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. Hecla Mining’s payout ratio is presently -125.00%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. TD Securities reduced 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. 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 report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Hecla Mining has an average rating of “Moderate Buy” and an average price target of $7.94.

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.