Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Hecla Mining (NYSE:HL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,700 shares of the basic materials company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in Hecla Mining by 13,731.8% in the second quarter. Tower Research Capital LLC TRC now owns 48,273 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 47,924 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Hecla Mining by 1,595.0% in the second quarter. Cubist Systematic Strategies LLC now owns 201,145 shares of the basic materials company’s stock worth $700,000 after purchasing an additional 189,278 shares during the period. OppenheimerFunds Inc. acquired a new stake in Hecla Mining in the second quarter worth $661,000. Van ECK Associates Corp grew its holdings in Hecla Mining by 7.4% in the second quarter. Van ECK Associates Corp now owns 44,849,502 shares of the basic materials company’s stock worth $156,076,000 after purchasing an additional 3,102,585 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in Hecla Mining by 25.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,211,561 shares of the basic materials company’s stock worth $4,216,000 after purchasing an additional 242,703 shares during the period. Institutional investors own 51.95% of the company’s stock.

HL has been the subject of a number of research reports. ValuEngine upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Canaccord Genuity cut shares of Hecla Mining from a “buy” rating to a “hold” rating and set a $3.75 price target for the company. in a report on Friday, July 13th. BMO Capital Markets set a $4.00 price target on shares of Hecla Mining and gave the stock a “hold” rating in a report on Friday, July 13th. Finally, HC Wainwright set a $8.00 price target on shares of Hecla Mining and gave the stock a “buy” rating in a report on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $4.67.

Shares of NYSE HL opened at $2.95 on Tuesday. The stock has a market cap of $1.42 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 149.00 and a beta of 0.15. Hecla Mining has a 1 year low of $2.59 and a 1 year high of $5.42. The company has a quick ratio of 2.77, a current ratio of 3.35 and a debt-to-equity ratio of 0.36.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, August 9th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $147.30 million during the quarter, compared to analysts’ expectations of $143.33 million. Hecla Mining had a negative net margin of 1.02% and a positive return on equity of 2.91%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. research analysts anticipate that Hecla Mining will post 0.02 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 24th were issued a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Thursday, August 23rd. Hecla Mining’s dividend payout ratio is currently 10.00%.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

Further Reading: Market Capitalization – What it Means for Investors

Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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