Hecla Mining Company $HL Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Hecla Mining Company (NYSE:HL) by 21.7% in the second quarter, Holdings Channel reports. The institutional investor owned 1,843,367 shares of the basic materials company’s stock after acquiring an additional 328,485 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hecla Mining were worth $28,443,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HL. Parallel Advisors LLC lifted its position in shares of Hecla Mining by 33.9% during the fourth quarter. Parallel Advisors LLC now owns 2,011 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 509 shares during the last quarter. Root Financial Partners LLC lifted its holdings in Hecla Mining by 26.9% during the 1st quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock worth $47,000 after buying an additional 538 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Hecla Mining by 74.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after buying an additional 631 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Hecla Mining by 5.4% in the 4th quarter. Toronto Dominion Bank now owns 12,494 shares of the basic materials company’s stock worth $239,000 after acquiring an additional 644 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Hecla Mining by 4.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 16,844 shares of the basic materials company’s stock worth $314,000 after acquiring an additional 722 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Scotiabank reduced their price objective on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Zacks Research raised shares of Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group initiated coverage on Hecla Mining in a report on Thursday, August 20th. They set a “hold” rating and a $22.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $23.82.

Hecla Mining Trading Up 2.4%

HL opened at $21.26 on Friday. The business’s 50 day moving average is $16.99 and its 200-day moving average is $18.12. The stock has a market cap of $14.28 billion, a PE ratio of 43.39 and a beta of 1.38. Hecla Mining Company has a twelve month low of $8.75 and a twelve month high of $34.17.

Hecla Mining (NYSE:HL) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The business had revenue of $333.85 million during the quarter, compared to analyst estimates of $368.75 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. As a group, analysts forecast that Hecla Mining Company will post 0.46 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.0038 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 26th. Hecla Mining’s dividend payout ratio (DPR) is 2.04%.

Hecla Mining Profile

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.