Hecla Mining (NYSE:HL) is Waterton Global Resource Management Inc.’s 4th Largest Position
Waterton Global Resource Management Inc. decreased its position in Hecla Mining (NYSE:HL) by 44.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,421,771 shares of the basic materials company’s stock after selling 3,533,860 shares during the period. Hecla Mining comprises approximately 3.5% of Waterton Global Resource Management Inc.’s portfolio, making the stock its 4th biggest holding. Waterton Global Resource Management Inc.’s holdings in Hecla Mining were worth $10,170,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Wedbush Securities Inc. purchased a new position in Hecla Mining during the first quarter valued at $25,000. Brookstone Capital Management purchased a new position in shares of Hecla Mining in the 4th quarter worth about $27,000. Piedmont Investment Advisors Inc. purchased a new position in shares of Hecla Mining in the 1st quarter worth about $32,000. Timber Hill LLC purchased a new position in shares of Hecla Mining in the 4th quarter worth about $35,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Hecla Mining in the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 59.41% of the company’s stock.
Several equities research analysts recently commented on HL shares. HC Wainwright reiterated a “buy” rating and issued a $7.00 price objective on shares of Hecla Mining in a report on Friday, February 15th. ValuEngine downgraded Hecla Mining from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. B. Riley restated a “neutral” rating and set a $3.00 price target (down from $3.50) on shares of Hecla Mining in a research note on Friday, March 1st. BMO Capital Markets set a $2.00 price target on Hecla Mining and gave the company a “hold” rating in a research note on Monday, April 22nd. Finally, Zacks Investment Research upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a research note on Wednesday, May 1st. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $2.99.
Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, May 9th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The firm had revenue of $152.60 million for the quarter, compared to analysts’ expectations of $150.31 million. Hecla Mining had a negative return on equity of 3.74% and a negative net margin of 10.40%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.02 earnings per share. As a group, equities research analysts expect that Hecla Mining will post -0.07 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which was paid on Tuesday, June 4th. Stockholders of record on Friday, May 24th were issued a dividend of $0.002 per share. The ex-dividend date was Thursday, May 23rd. Hecla Mining’s dividend payout ratio (DPR) is -9.09%.
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Hecla Mining Company Profile
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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