Bank of New York Mellon Corp Boosts Holdings in Hecla Mining (HL)

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Bank of New York Mellon Corp boosted its holdings in shares of Hecla Mining (NYSE:HL) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,975,987 shares of the basic materials company’s stock after acquiring an additional 419,025 shares during the quarter. Bank of New York Mellon Corp’s holdings in Hecla Mining were worth $14,102,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Sigma Planning Corp boosted its stake in shares of Hecla Mining by 22.7% in the 4th quarter. Sigma Planning Corp now owns 20,022 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 3,705 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hecla Mining by 29.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,353 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 7,312 shares in the last quarter. Clean Yield Group boosted its stake in Hecla Mining by 59.9% during the fourth quarter. Clean Yield Group now owns 26,700 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 10,000 shares in the last quarter. Brookstone Capital Management bought a new position in Hecla Mining during the fourth quarter worth $27,000. Finally, Strategic Family Wealth Counselors L.L.C. bought a new position in Hecla Mining during the fourth quarter worth $34,000. 60.94% of the stock is currently owned by institutional investors.

HL opened at $2.30 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.56 and a current ratio of 1.21. Hecla Mining has a 1-year low of $2.17 and a 1-year high of $4.15. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -20.91 and a beta of 0.39.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, February 21st. The basic materials company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). Hecla Mining had a negative return on equity of 2.13% and a negative net margin of 4.68%. The business had revenue of $136.50 million for the quarter, compared to analyst estimates of $148.84 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The business’s quarterly revenue was down 14.7% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, March 5th were issued a dividend of $0.0025 per share. The ex-dividend date was Monday, March 4th. This represents a $0.01 annualized dividend and a yield of 0.43%. Hecla Mining’s payout ratio is -9.09%.

Several research analysts recently issued reports on the stock. ValuEngine raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research lowered shares of Hecla Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 12th. HC Wainwright reissued a “buy” rating and set a $7.00 target price on shares of Hecla Mining in a research note on Friday, February 15th. Canaccord Genuity lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, B. Riley reissued a “neutral” rating and set a $3.00 target price (down from $3.50) on shares of Hecla Mining in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Hecla Mining presently has an average rating of “Hold” and an average price target of $4.28.

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Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, 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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