Lesa Sroufe & Co Acquires 155,268 Shares of Hecla Mining (NYSE:HL)

Lesa Sroufe & Co increased its holdings in shares of Hecla Mining (NYSE:HL) by 45.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 494,920 shares of the basic materials company’s stock after purchasing an additional 155,268 shares during the period. Hecla Mining accounts for approximately 2.4% of Lesa Sroufe & Co’s holdings, making the stock its 17th largest position. Lesa Sroufe & Co’s holdings in Hecla Mining were worth $2,381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Handelsbanken Fonder AB lifted its position in Hecla Mining by 20.7% during the fourth quarter. Handelsbanken Fonder AB now owns 122,316 shares of the basic materials company’s stock worth $588,000 after acquiring an additional 21,000 shares during the last quarter. HTLF Bank acquired a new stake in Hecla Mining during the fourth quarter worth approximately $130,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Hecla Mining by 1.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 172,171 shares of the basic materials company’s stock worth $828,000 after acquiring an additional 2,868 shares during the last quarter. Strs Ohio lifted its position in Hecla Mining by 211.9% during the fourth quarter. Strs Ohio now owns 18,400 shares of the basic materials company’s stock worth $88,000 after acquiring an additional 12,500 shares during the last quarter. Finally, ORG Partners LLC lifted its position in Hecla Mining by 1,172.3% during the fourth quarter. ORG Partners LLC now owns 17,812 shares of the basic materials company’s stock worth $86,000 after acquiring an additional 16,412 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

HL has been the subject of a number of analyst reports. National Bank Financial reiterated an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. Roth Mkm lifted their price target on shares of Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hecla Mining has a consensus rating of “Moderate Buy” and an average price target of $6.68.

Hecla Mining Trading Up 3.6 %

NYSE HL opened at $5.24 on Wednesday. The firm’s fifty day moving average price is $4.45 and its two-hundred day moving average price is $4.37. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.30. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.33.

Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The company had revenue of $160.69 million for the quarter, compared to the consensus estimate of $151.51 million. During the same period in the previous year, the firm posted $0.02 EPS. The business’s quarterly revenue was down 17.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Hecla Mining will post 0.02 earnings per share for the current year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were issued a $0.006 dividend. The ex-dividend date was Monday, March 11th. This represents a $0.02 annualized dividend and a yield of 0.46%. Hecla Mining’s payout ratio is -20.00%.

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.