Stonehage Fleming Financial Services Holdings Ltd Has $298,000 Stake in Hecla Mining (NYSE:HL)

Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in shares of Hecla Mining (NYSE:HL) by 146.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,620 shares of the basic materials company’s stock after purchasing an additional 36,050 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Hecla Mining were worth $298,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its holdings in Hecla Mining by 8.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 44,553 shares of the basic materials company’s stock worth $216,000 after buying an additional 3,386 shares during the period. XTX Topco Ltd bought a new stake in Hecla Mining in the 2nd quarter valued at $141,000. Sei Investments Co. lifted its position in Hecla Mining by 2.4% in the 2nd quarter. Sei Investments Co. now owns 190,504 shares of the basic materials company’s stock valued at $924,000 after acquiring an additional 4,514 shares in the last quarter. Marshall Wace LLP acquired a new position in Hecla Mining in the 2nd quarter worth $6,280,000. Finally, Squarepoint Ops LLC bought a new position in Hecla Mining during the 2nd quarter worth about $982,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Price Performance

Shares of NYSE HL opened at $5.50 on Monday. 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 12 month low of $3.33 and a 12 month high of $7.68. The stock has a 50 day moving average of $5.36 and a 200-day moving average of $5.86.

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

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a dividend of $0.0138 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.06 annualized dividend and a yield of 1.00%. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Wall Street Analyst Weigh In

HL has been the subject of several research reports. StockNews.com cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. TD Securities lowered their price target on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, National Bank Financial cut 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 given 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, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.