Foundations Investment Advisors LLC Makes New Investment in Hecla Mining Company $HL

Foundations Investment Advisors LLC acquired a new position in Hecla Mining Company (NYSE:HL) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 97,136 shares of the basic materials company’s stock, valued at approximately $1,864,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings 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 buying an additional 1,770,949 shares during the period. Bleakley Financial Group LLC bought a new position in Hecla Mining in the 4th quarter valued at about $300,000. Themes Management Co LLC bought a new position in Hecla Mining in the 4th quarter valued at about $227,000. GeoSphere Capital Management LLC bought a new position in Hecla Mining in the 4th quarter valued at about $613,000. Finally, Clearstead Advisors LLC increased its holdings in Hecla Mining by 462.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,227 shares of the basic materials company’s stock valued at $43,000 after buying an additional 1,831 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Trading Up 0.9%

Shares of Hecla Mining stock opened at $17.74 on Friday. The firm has a market capitalization of $11.90 billion, a PE ratio of 43.27 and a beta of 1.26. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $18.38 and its 200 day moving average is $19.93. Hecla Mining Company has a 1 year low of $5.03 and a 1 year high of $34.17.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $411.43 million for the quarter, compared to the consensus estimate of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The company’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share. Equities research analysts forecast that Hecla Mining Company will post 0.93 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 22nd will be issued a dividend of $0.0038 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s payout ratio is 2.44%.

Analyst Upgrades and Downgrades

HL has been the topic of several recent analyst reports. HC Wainwright decreased their target price on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Roth Mkm set a $13.00 target price on shares of Hecla Mining in a report on Wednesday, February 18th. Zacks Research lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Canaccord Genuity Group raised 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. Finally, Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.25.

Hecla Mining Company 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.