Raiffeisen Bank International AG Purchases 277,367 Shares of Hecla Mining Company $HL

Raiffeisen Bank International AG raised its position in Hecla Mining Company (NYSE:HL) by 43.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 917,358 shares of the basic materials company’s stock after acquiring an additional 277,367 shares during the quarter. Raiffeisen Bank International AG’s holdings in Hecla Mining were worth $14,127,000 at the end of the most recent reporting period.

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

Hecla Mining Stock Up 2.4%

Shares of NYSE:HL opened at $21.26 on Friday. Hecla Mining Company has a 12-month low of $8.75 and a 12-month high of $34.17. The stock has a market cap of $14.28 billion, a PE ratio of 43.39 and a beta of 1.38. The business has a 50 day moving average of $16.99 and a 200-day moving average of $18.12.

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). The firm had revenue of $333.85 million during the quarter, compared to analyst estimates of $368.75 million. Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. Hecla Mining’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Equities research analysts expect that Hecla Mining Company will post 0.46 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a $0.0038 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 26th. Hecla Mining’s dividend payout ratio is currently 2.04%.

Analysts Set New Price Targets

Several research firms have issued reports on HL. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Scotiabank decreased their target price on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Zacks Research upgraded Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Jefferies Financial Group started coverage on Hecla Mining in a report on Thursday, August 20th. They set a “hold” rating and a $22.00 price target for the company. Finally, Weiss Ratings raised shares of Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Two research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $23.82.

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.