Havemeyer Place LP purchased a new stake in Hecla Mining Company (NYSE:HL – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 67,897 shares of the basic materials company’s stock, valued at approximately $1,303,000.
Several other institutional investors and hedge funds have also recently modified their holdings of HL. Van ECK Associates Corp increased its stake in shares of Hecla Mining by 32.4% in the 3rd quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock valued at $603,566,000 after purchasing an additional 12,197,740 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Hecla Mining by 13.4% in the 3rd quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock valued at $863,324,000 after purchasing an additional 8,452,401 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Hecla Mining by 38.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock valued at $284,651,000 after purchasing an additional 6,472,566 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Hecla Mining by 577.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,808,787 shares of the basic materials company’s stock worth $82,386,000 after buying an additional 5,804,298 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Hecla Mining during the 4th quarter worth approximately $88,417,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.
Wall Street Analysts Forecast Growth
HL has been the subject of several research reports. HC Wainwright cut their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, April 29th. Finally, Roth Mkm set a $13.00 price objective on Hecla Mining in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.25.
Hecla Mining Trading Up 0.0%
Shares of Hecla Mining stock opened at $14.79 on Monday. The stock has a market cap of $9.92 billion, a P/E ratio of 36.07 and a beta of 1.25. The stock’s 50 day simple moving average is $18.28 and its 200-day simple moving average is $20.04. Hecla Mining Company has a 1-year low of $5.47 and a 1-year high of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53.
Hecla Mining (NYSE:HL – Get Free Report) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The company’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Analysts predict that Hecla Mining Company will post 0.93 EPS for the current fiscal year.
Hecla Mining Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, May 22nd. Hecla Mining’s payout ratio is currently 2.44%.
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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