Hecla Mining (NYSE:HL) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hecla Mining (NYSE:HL) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,374 shares of the basic materials company’s stock after buying an additional 6,629 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hecla Mining were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HL. Continuum Advisory LLC boosted its stake in shares of Hecla Mining by 313.6% during the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 4,967 shares in the last quarter. Innealta Capital LLC acquired a new stake in Hecla Mining in the second quarter valued at $41,000. Sound Income Strategies LLC purchased a new position in shares of Hecla Mining in the third quarter valued at $49,000. Ballentine Partners LLC acquired a new position in shares of Hecla Mining during the 2nd quarter worth $54,000. Finally, Oak Family Advisors LLC purchased a new stake in shares of Hecla Mining in the 2nd quarter worth about $55,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Trading Up 0.5 %

Shares of Hecla Mining stock opened at $5.67 on Friday. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $7.68. The business’s fifty day moving average is $6.27 and its two-hundred day moving average is $5.89. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.56 billion, a PE ratio of -141.75 and a beta of 1.92.

Hecla Mining (NYSE:HL) last released its earnings results 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 positive return on equity of 0.75% and a negative net margin of 2.27%. The firm’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) earnings per share. Analysts anticipate that Hecla Mining will post 0.06 earnings per share for the current year.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a $0.0138 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a yield of 0.97%. Hecla Mining’s payout ratio is -125.00%.

Insider Buying and Selling

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the sale, the vice president now owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. The trade was a 38.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. HC Wainwright restated a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research report on Thursday, August 8th. TD Securities reduced their target price on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Roth Mkm dropped their price target on Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Finally, National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hecla Mining has an average rating of “Moderate Buy” and a consensus target price of $7.94.

About Hecla Mining

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.