Parvin Asset Management LLC reduced its position in shares of Hecla Mining Company (NYSE:HL – Free Report) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 199,175 shares of the basic materials company’s stock after selling 39,375 shares during the period. Hecla Mining accounts for about 3.0% of Parvin Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Parvin Asset Management LLC’s holdings in Hecla Mining were worth $3,822,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of HL. Lodestone Wealth Management LLC acquired a new stake in shares of Hecla Mining during the 4th quarter worth about $28,000. Quadrant Capital Group LLC boosted its stake in shares of Hecla Mining by 74.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 631 shares during the last quarter. Sittner & Nelson LLC acquired a new stake in shares of Hecla Mining during the 4th quarter worth about $29,000. Rothschild Investment LLC boosted its stake in shares of Hecla Mining by 93.5% during the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 781 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Hecla Mining during the 4th quarter worth about $31,000. 63.01% of the stock is owned by institutional investors and hedge funds.
Hecla Mining Price Performance
HL opened at $16.75 on Wednesday. The company’s 50 day simple moving average is $17.85 and its 200 day simple moving average is $20.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. Hecla Mining Company has a 1 year low of $5.47 and a 1 year high of $34.17. The stock has a market capitalization of $11.24 billion, a PE ratio of 40.86 and a beta of 1.25.
Hecla Mining Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were given a $0.0038 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is currently 2.44%.
Analyst Ratings Changes
Several equities research analysts have issued reports on HL shares. Roth Mkm set a $13.00 price target on shares of Hecla Mining in a research note on Wednesday, February 18th. Wall Street Zen cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. HC Wainwright decreased their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hecla Mining currently has a consensus rating of “Hold” and an average price target of $24.79.
View Our Latest Stock Analysis on HL
Hecla Mining Company Profile
Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.
The company’s principal operations are located in North America and Latin America.
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