Intellectus Partners LLC Has $135,000 Position in Hecla Mining (NYSE:HL)

Intellectus Partners LLC cut its holdings in Hecla Mining (NYSE:HL) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,090 shares of the basic materials company’s stock after selling 10,748 shares during the quarter. Intellectus Partners LLC’s holdings in Hecla Mining were worth $135,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Advisor Partners II LLC bought a new position in Hecla Mining in the 3rd quarter valued at $52,000. Cornerstone Wealth Management LLC bought a new stake in Hecla Mining during the 4th quarter worth about $72,000. SG Americas Securities LLC acquired a new position in Hecla Mining during the 4th quarter valued at about $76,000. ORG Partners LLC boosted its stake in shares of Hecla Mining by 1,172.3% in the 4th quarter. ORG Partners LLC now owns 17,812 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 16,412 shares during the last quarter. Finally, Strs Ohio grew its position in shares of Hecla Mining by 211.9% during the 4th quarter. Strs Ohio now owns 18,400 shares of the basic materials company’s stock worth $88,000 after buying an additional 12,500 shares during the period. 63.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Hecla Mining Price Performance

HL opened at $5.00 on Tuesday. The stock has a market cap of $3.08 billion, a P/E ratio of -33.33 and a beta of 2.20. Hecla Mining has a 12 month low of $3.33 and a 12 month 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. The company has a fifty day simple moving average of $4.57 and a 200 day simple moving average of $4.41.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported ($0.04) EPS 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 business had revenue of $160.69 million for the quarter, compared to analyst estimates of $151.51 million. During the same period in the prior year, the business earned $0.02 EPS. The company’s revenue for the quarter was down 17.5% compared to the same quarter last year. On average, research analysts expect that Hecla Mining will post 0.02 EPS for the current year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Tuesday, March 12th were paid a $0.006 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Monday, March 11th. Hecla Mining’s payout ratio is currently -20.00%.

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.