Cable Hill Partners LLC Invests $208,000 in Hecla Mining (NYSE:HL)

Cable Hill Partners LLC bought a new position in Hecla Mining (NYSE:HL) during the third quarter, Holdings Channel reports. The firm bought 31,216 shares of the basic materials company’s stock, valued at approximately $208,000.

A number of other large investors also recently bought and sold shares of HL. Continuum Advisory LLC raised its holdings in Hecla Mining by 313.6% in the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 4,967 shares during the period. Innealta Capital LLC acquired a new position in Hecla Mining in the 2nd quarter worth about $41,000. Sound Income Strategies LLC acquired a new position in Hecla Mining in the 3rd quarter worth about $49,000. Ballentine Partners LLC acquired a new position in Hecla Mining in the 2nd quarter worth about $54,000. Finally, Oak Family Advisors LLC acquired a new position in Hecla Mining in the 2nd quarter worth about $55,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In related news, VP Kurt Allen sold 108,612 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now directly owns 173,700 shares in the company, valued at approximately $1,175,949. This represents a 38.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Hecla Mining Trading Up 3.5 %

Shares of Hecla Mining stock opened at $5.61 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. The business has a 50 day simple moving average of $6.52 and a two-hundred day simple moving average of $5.84. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $245.09 million during the quarter, compared to analyst estimates of $232.03 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The business’s revenue was up 34.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. As a group, equities research analysts anticipate that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a $0.0138 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.98%. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Hecla Mining Company 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.