Cvfg LLC Takes $4.16 Million Position in Hecla Mining Company $HL

Cvfg LLC bought a new position in Hecla Mining Company (NYSE:HLFree Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 223,012 shares of the basic materials company’s stock, valued at approximately $4,155,000.

Several other hedge funds have also recently modified their holdings of HL. Van ECK Associates Corp boosted its holdings in Hecla Mining by 32.4% in the third quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock worth $603,566,000 after purchasing an additional 12,197,740 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hecla Mining by 38.0% during the third 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 acquiring an additional 6,472,566 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Hecla Mining by 86.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company’s stock valued at $244,003,000 after acquiring an additional 5,906,313 shares during the period. Jupiter Asset Management Ltd. bought a new position in Hecla Mining in the fourth quarter valued at about $88,417,000. Finally, State Street Corp boosted its position in Hecla Mining by 14.8% in the third quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock worth $417,278,000 after purchasing an additional 4,453,706 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on HL. Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, April 29th. Finally, HC Wainwright dropped their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Two investment 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’s stock. According to MarketBeat, Hecla Mining currently has an average rating of “Hold” and a consensus target price of $24.79.

Check Out Our Latest Stock Analysis on HL

Hecla Mining Stock Performance

NYSE HL opened at $15.52 on Wednesday. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a twelve month low of $5.47 and a twelve month high of $34.17. The business has a 50-day moving average price of $16.82 and a 200-day moving average price of $19.88. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 37.86 and a beta of 1.29.

Hecla Mining (NYSE:HLGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis.

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 dividend of $0.0038 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.44%.

Hecla Mining Profile

(Free Report)

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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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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