Landscape Capital Management L.L.C. Makes New Investment in Hecla Mining Company $HL

Landscape Capital Management L.L.C. purchased a new position in Hecla Mining Company (NYSE:HL) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 162,580 shares of the basic materials company’s stock, valued at approximately $2,509,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in Hecla Mining by 20.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock worth $23,827,000 after acquiring an additional 739,360 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Hecla Mining by 24.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company’s stock valued at $10,894,000 after acquiring an additional 380,448 shares in the last quarter. Cetera Investment Advisers boosted its stake in Hecla Mining by 10.9% during the 2nd quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 6,450 shares during the last quarter. Prudential Financial Inc. boosted its stake in Hecla Mining by 71.6% during the 2nd quarter. Prudential Financial Inc. now owns 78,395 shares of the basic materials company’s stock valued at $435,000 after purchasing an additional 32,714 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Hecla Mining by 1.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 153,867 shares of the basic materials company’s stock valued at $922,000 after purchasing an additional 2,793 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Price Performance

HL stock opened at $20.78 on Friday. Hecla Mining Company has a 1-year low of $7.57 and a 1-year high of $34.17. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 42.41 and a beta of 1.32. The business has a 50 day simple moving average of $16.14 and a two-hundred day simple moving average of $18.28.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The company had revenue of $333.85 million for the quarter, compared to the consensus estimate of $368.75 million. During the same quarter in the previous year, the business earned $0.09 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Sell-side analysts anticipate that Hecla Mining Company will post 0.46 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a dividend of $0.0038 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 26th. Hecla Mining’s dividend payout ratio is 2.04%.

Analyst Ratings Changes

HL has been the topic of several research analyst reports. Scotiabank lowered their target price on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. HC Wainwright reduced their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Finally, Zacks Research raised shares of Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.82.

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.