Stone Ridge Asset Management LLC Takes Position in Hecla Mining (HL)

Stone Ridge Asset Management LLC purchased a new stake in shares of Hecla Mining (NYSE:HL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,730 shares of the basic materials company’s stock, valued at approximately $146,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its position in shares of Hecla Mining by 9.2% in the 4th quarter. Deutsche Bank AG now owns 2,315,623 shares of the basic materials company’s stock valued at $9,191,000 after purchasing an additional 194,970 shares during the last quarter. Sapphire Star Partners LP raised its position in shares of Hecla Mining by 211.9% in the 4th quarter. Sapphire Star Partners LP now owns 111,694 shares of the basic materials company’s stock valued at $444,000 after purchasing an additional 75,886 shares during the last quarter. CoreCommodity Management LLC raised its position in shares of Hecla Mining by 35.8% in the 4th quarter. CoreCommodity Management LLC now owns 163,062 shares of the basic materials company’s stock valued at $647,000 after purchasing an additional 42,955 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Hecla Mining in the 4th quarter valued at approximately $596,000. Finally, AXA purchased a new position in shares of Hecla Mining in the 4th quarter valued at approximately $241,000. 59.98% of the stock is owned by institutional investors and hedge funds.

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HL opened at $3.63 on Friday. Hecla Mining has a 12-month low of $3.25 and a 12-month high of $6.17. The company has a quick ratio of 2.37, a current ratio of 2.86 and a debt-to-equity ratio of 0.34. The company has a market cap of $1,449.81, a price-to-earnings ratio of 45.38, a price-to-earnings-growth ratio of 155.57 and a beta of 0.38.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Hecla Mining had a negative net margin of 4.07% and a positive return on equity of 2.17%. The company had revenue of $160.10 million during the quarter, compared to analyst estimates of $156.85 million. During the same period last year, the firm posted $0.03 EPS. Hecla Mining’s revenue for the quarter was down 2.6% compared to the same quarter last year. analysts expect that Hecla Mining will post 0.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, March 6th were given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Monday, March 5th. Hecla Mining’s dividend payout ratio is presently 10.00%.

Several equities analysts recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Hecla Mining in a research report on Friday, March 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Hecla Mining in a research report on Monday, January 8th. Zacks Investment Research raised shares of Hecla Mining from a “hold” rating to a “strong-buy” rating and set a $4.50 price objective for the company in a research report on Wednesday, January 3rd. ValuEngine lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, BMO Capital Markets set a $5.00 price target on shares of Hecla Mining and gave the stock a “hold” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Hecla Mining currently has a consensus rating of “Hold” and an average target price of $5.14.

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Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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