Rakuten Securities Inc. Buys Shares of 43,564 Hecla Mining Company $HL

Rakuten Securities Inc. bought a new position in Hecla Mining Company (NYSE:HL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 43,564 shares of the basic materials company’s stock, valued at approximately $836,000.

Several other large investors also recently made changes to their positions in the company. Ninety One UK Ltd increased its position in Hecla Mining by 1.7% in the 3rd quarter. Ninety One UK Ltd now owns 6,219,902 shares of the basic materials company’s stock valued at $75,261,000 after acquiring an additional 103,009 shares during the period. Maryland State Retirement & Pension System acquired a new position in Hecla Mining during the 3rd quarter worth $1,150,000. Yousif Capital Management LLC bought a new position in shares of Hecla Mining in the third quarter worth $2,483,000. Berman McAleer LLC bought a new position in shares of Hecla Mining in the third quarter worth $593,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of Hecla Mining during the third quarter valued at $1,785,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $18.42 on Friday. The company has a market capitalization of $12.35 billion, a PE ratio of 37.58 and a beta of 1.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.22 and a current ratio of 2.72. The stock has a fifty day moving average of $20.25 and a 200-day moving average of $19.06. Hecla Mining Company has a one year low of $4.51 and a one year high of $34.17.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Monday, March 9th were given a $0.0038 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is 2.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Zacks Research downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hecla Mining in a research note on Monday, December 29th. Scotiabank increased their price objective on shares of Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Finally, HC Wainwright boosted their target price on Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.63.

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.