Quantinno Capital Management LP Has $113,000 Stock Holdings in Hecla Mining (NYSE:HL)

Quantinno Capital Management LP boosted its holdings in Hecla Mining (NYSE:HL) by 27.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,932 shares of the basic materials company’s stock after purchasing an additional 3,691 shares during the quarter. Quantinno Capital Management LP’s holdings in Hecla Mining were worth $113,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hollencrest Capital Management boosted its position in shares of Hecla Mining by 1.0% during the 3rd quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock worth $1,659,000 after acquiring an additional 2,367 shares in the last quarter. KBC Group NV boosted its stake in Hecla Mining by 19.2% in the third quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock valued at $121,000 after buying an additional 2,909 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Hecla Mining by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock valued at $1,639,000 after acquiring an additional 2,939 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Hecla Mining by 21.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 2,982 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its holdings in shares of Hecla Mining by 8.7% in the third quarter. Financial Advocates Investment Management now owns 37,919 shares of the basic materials company’s stock worth $253,000 after acquiring an additional 3,037 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Price Performance

Shares of NYSE HL opened at $5.33 on Wednesday. The firm’s 50-day moving average price is $6.07 and its 200-day moving average price is $5.87. The firm has a market capitalization of $3.35 billion, a P/E ratio of -133.25 and a beta of 1.92. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.68.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $245.09 million for the quarter, compared to the consensus estimate of $232.03 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The business’s revenue was up 34.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Equities research analysts anticipate that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Thursday, November 21st. Hecla Mining’s payout ratio is currently -125.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HL. TD Securities lowered their price target on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. StockNews.com cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. One 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.94.

Hecla Mining 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.