Pacer Advisors Inc. grew its stake in shares of Hecla Mining Company (NYSE:HL – Free Report) by 44.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 116,995 shares of the basic materials company’s stock after purchasing an additional 35,875 shares during the quarter. Pacer Advisors Inc.’s holdings in Hecla Mining were worth $2,180,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC grew its stake in Hecla Mining by 74.3% in the fourth 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 in the last quarter. Sittner & Nelson LLC acquired a new stake in Hecla Mining during the fourth quarter valued at approximately $29,000. Eurizon Capital SGR S.p.A. acquired a new stake in Hecla Mining during the fourth quarter valued at approximately $31,000. Rothschild Investment LLC lifted its holdings in 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 buying an additional 781 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Hecla Mining by 134.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock worth $32,000 after buying an additional 957 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.
Analysts Set New Price Targets
HL has been the subject of several research reports. Zacks Research upgraded Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, April 29th. Scotiabank decreased their price objective on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Wall Street Zen cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hecla Mining has an average rating of “Hold” and a consensus price target of $24.12.
Hecla Mining Trading Up 6.4%
Shares of NYSE HL opened at $16.87 on Friday. Hecla Mining Company has a 12-month low of $7.19 and a 12-month high of $34.17. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 34.43 and a beta of 1.32. The stock’s 50 day simple moving average is $15.51 and its 200 day simple moving average is $18.93.
Hecla Mining (NYSE:HL – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The company had revenue of $333.85 million for the quarter, compared to the consensus estimate of $368.75 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. Hecla Mining’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts forecast that Hecla Mining Company will post 0.47 earnings per share for the current fiscal year.
Hecla Mining Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.0038 per share. The ex-dividend date is Wednesday, August 26th. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.04%.
About Hecla Mining
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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