Pacad Investment Ltd. grew its stake in Hecla Mining Company (NYSE:HL) by 10.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,500 shares of the basic materials company’s stock after acquiring an additional 2,600 shares during the quarter. Pacad Investment Ltd.’s holdings in Hecla Mining were worth $140,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in HL. Canada Pension Plan Investment Board boosted its holdings in Hecla Mining by 303.5% in the first quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 226,700 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in Hecla Mining in the first quarter worth $144,000. Bank of New York Mellon Corp boosted its holdings in Hecla Mining by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 1,814,282 shares of the basic materials company’s stock worth $9,597,000 after acquiring an additional 125,779 shares in the last quarter. Swiss National Bank boosted its holdings in Hecla Mining by 2.6% in the first quarter. Swiss National Bank now owns 651,437 shares of the basic materials company’s stock worth $3,446,000 after acquiring an additional 16,800 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Hecla Mining by 21.7% in the first quarter. UBS Asset Management Americas Inc. now owns 227,544 shares of the basic materials company’s stock worth $1,204,000 after acquiring an additional 40,512 shares in the last quarter. 59.36% of the stock is currently owned by institutional investors and hedge funds.
HL has been the topic of several analyst reports. Royal Bank Of Canada reissued a “hold” rating and issued a $6.00 target price on shares of Hecla Mining in a report on Tuesday, May 30th. Zacks Investment Research downgraded Hecla Mining from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. HC Wainwright reissued a “buy” rating and issued a $8.50 target price on shares of Hecla Mining in a report on Tuesday, August 29th. Canaccord Genuity reissued a “hold” rating and issued a $5.00 target price on shares of Hecla Mining in a report on Thursday, September 7th. Finally, ValuEngine raised Hecla Mining from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $6.43.
Shares of Hecla Mining Company (NYSE:HL) opened at 5.06 on Friday. The company has a market capitalization of $2.02 billion, a P/E ratio of 41.14 and a beta of 0.40. Hecla Mining Company has a 12-month low of $4.61 and a 12-month high of $7.64. The firm has a 50-day moving average price of $5.13 and a 200 day moving average price of $5.31.
Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.05). Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. The company had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $130.54 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company’s revenue was down 21.6% compared to the same quarter last year. On average, equities research analysts predict that Hecla Mining Company will post $0.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 23rd were issued a $0.0025 dividend. The ex-dividend date was Monday, August 21st. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.20%. Hecla Mining’s dividend payout ratio is presently 7.69%.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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