Rothschild Wealth LLC Makes New $1.48 Million Investment in Hecla Mining Company $HL

Rothschild Wealth LLC purchased a new position in Hecla Mining Company (NYSE:HL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 77,309 shares of the basic materials company’s stock, valued at approximately $1,484,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new stake in Hecla Mining in the 4th quarter valued at approximately $28,000. Quadrant Capital Group LLC raised its position in Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock valued at $28,000 after buying an additional 631 shares during the last quarter. Sittner & Nelson LLC acquired a new stake in Hecla Mining in the 4th quarter valued at approximately $29,000. Eurizon Capital SGR S.p.A. acquired a new stake in Hecla Mining in the 4th quarter valued at approximately $31,000. Finally, Rothschild Investment LLC raised its position in Hecla Mining by 93.5% in the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after buying an additional 781 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings lowered Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 5th. HC Wainwright dropped their target price on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Roth Mkm set a $13.00 target price on Hecla Mining in a research report on Wednesday, February 18th. Finally, Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Hecla Mining currently has a consensus rating of “Hold” and an average target price of $24.79.

Hecla Mining Trading Up 0.6%

Shares of Hecla Mining stock opened at $16.75 on Wednesday. The business has a fifty day simple moving average of $17.85 and a two-hundred day simple moving average of $20.09. Hecla Mining Company has a 1 year low of $5.47 and a 1 year high of $34.17. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 40.86 and a beta of 1.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53.

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). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. During the same period in the prior year, the business earned $0.04 EPS. The company’s revenue for the quarter was up 57.4% compared to the same quarter last year.

Hecla Mining Dividend Announcement

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

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.