500,249 Shares in Hecla Mining Company $HL Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC bought a new position in shares of Hecla Mining Company (NYSE:HL) in the fourth quarter, Holdings Channel.com reports. The fund bought 500,249 shares of the basic materials company’s stock, valued at approximately $9,600,000.

Other hedge funds have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky bought a new position in Hecla Mining during the third quarter worth $1,785,000. Geode Capital Management LLC raised its stake in Hecla Mining by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 16,620,647 shares of the basic materials company’s stock worth $319,000,000 after buying an additional 1,770,949 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 worth $284,651,000 after buying an additional 6,472,566 shares during the last quarter. Retirement Systems of Alabama bought a new position in Hecla Mining during the fourth quarter worth $15,433,000. Finally, First Trust Advisors LP raised its stake in Hecla Mining by 374.2% during the third quarter. First Trust Advisors LP now owns 3,277,748 shares of the basic materials company’s stock worth $39,661,000 after buying an additional 2,586,464 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 a number of analyst reports. Roth Mkm set a $13.00 target price on shares of Hecla Mining in a research note on Wednesday, February 18th. Weiss Ratings downgraded shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, April 29th. HC Wainwright decreased 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 note on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. 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 company’s stock. According to MarketBeat, Hecla Mining has an average rating of “Hold” and a consensus price target of $24.79.

Hecla Mining Trading Up 0.1%

NYSE:HL opened at $15.30 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. The firm has a 50-day moving average of $17.95 and a 200-day moving average of $20.07. The company has a market cap of $10.26 billion, a PE ratio of 37.33 and a beta of 1.25. Hecla Mining Company has a one year low of $5.47 and a one year high of $34.17.

Hecla Mining (NYSE:HL) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The business had revenue of $411.43 million for the quarter, compared to the consensus estimate 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 was up 57.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 earnings per share.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were issued a dividend of $0.0038 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s payout ratio is 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.