Benin Management CORP Acquires 3,000 Shares of Hecla Mining (NYSE:HL)

Benin Management CORP raised its holdings in shares of Hecla Mining (NYSE:HL) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,850 shares of the basic materials company’s stock after buying an additional 3,000 shares during the period. Benin Management CORP’s holdings in Hecla Mining were worth $161,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HL. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hecla Mining during the 3rd quarter valued at $28,000. GAMMA Investing LLC increased its position in Hecla Mining by 771.8% in the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 4,438 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Hecla Mining in the 3rd quarter worth $49,000. GFG Capital LLC bought a new stake in Hecla Mining during the third quarter worth approximately $67,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Hecla Mining during the 4th quarter valued at approximately $49,000. 63.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on HL shares. TD Securities cut their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock 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 lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.94.

Hecla Mining Trading Up 0.6 %

NYSE:HL opened at $5.50 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68. The company’s 50 day moving average is $5.36 and its two-hundred day moving average is $5.86.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $232.03 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. On average, sell-side analysts expect that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

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

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.