Hecla Mining Company $HL Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC grew its stake in Hecla Mining Company (NYSE:HL) by 48.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,193 shares of the basic materials company’s stock after purchasing an additional 52,599 shares during the period. Private Advisor Group LLC’s holdings in Hecla Mining were worth $2,984,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Hecla Mining by 11.9% in the fourth quarter. Geode Capital Management LLC now owns 16,620,647 shares of the basic materials company’s stock worth $319,000,000 after acquiring an additional 1,770,949 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hecla Mining by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock valued at $284,651,000 after acquiring an additional 6,472,566 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Hecla Mining during the 4th quarter valued at about $88,417,000. Retirement Systems of Alabama purchased a new position in shares of Hecla Mining in the 4th quarter valued at about $15,433,000. Finally, First Trust Advisors LP increased its stake in shares of Hecla Mining by 374.2% in the 3rd quarter. First Trust Advisors LP now owns 3,277,748 shares of the basic materials company’s stock valued at $39,661,000 after purchasing an additional 2,586,464 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HL. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, April 29th. Weiss Ratings downgraded Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Finally, HC Wainwright decreased 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. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $24.79.

Hecla Mining Price Performance

NYSE:HL opened at $15.80 on Friday. Hecla Mining Company has a one year low of $5.62 and a one year high of $34.17. The stock has a market cap of $10.60 billion, a PE ratio of 38.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. The stock has a 50 day moving average price of $16.71 and a 200 day moving average price of $19.83.

Hecla Mining (NYSE:HL) last issued its 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 company had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were paid a $0.0038 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is 2.44%.

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.