Hecla Mining Company $HL Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC boosted its stake in Hecla Mining Company (NYSE:HL) by 48.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 160,193 shares of the basic materials company’s stock after purchasing an additional 52,599 shares during the period. Private Advisor Group LLC’s holdings in Hecla Mining were worth $2,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in shares of 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 valued at $417,278,000 after buying an additional 4,453,706 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hecla Mining by 38.0% during 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 acquiring an additional 6,472,566 shares during the period. Tidal Investments LLC boosted its holdings in Hecla Mining by 14.7% during the 2nd quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock valued at $120,509,000 after acquiring an additional 2,574,855 shares during the period. Geode Capital Management LLC grew its position in Hecla Mining by 11.9% in the 4th quarter. Geode Capital Management LLC now owns 16,620,647 shares of the basic materials company’s stock valued at $319,000,000 after acquiring an additional 1,770,949 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Hecla Mining by 86.7% in the 4th 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 in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Stock Performance

Shares of HL opened at $15.80 on Friday. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 38.55 and a beta of 1.29. Hecla Mining Company has a 52-week low of $5.62 and a 52-week high of $34.17. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $16.71 and a 200 day moving average price of $19.83.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 EPS.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were paid a dividend of $0.0038 per share. This represents a $0.01 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, May 22nd. Hecla Mining’s dividend payout ratio (DPR) is currently 2.44%.

Analysts Set New Price Targets

HL has been the subject of several recent research reports. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, April 29th. 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. Finally, HC Wainwright decreased their target price on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hecla Mining presently has an average rating of “Hold” and a consensus price target of $24.79.

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.