Leonteq Securities AG Makes New Investment in Hecla Mining Company $HL

Leonteq Securities AG acquired a new position in shares of Hecla Mining Company (NYSE:HL) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 76,540 shares of the basic materials company’s stock, valued at approximately $1,469,000.

Several other large investors have also recently bought and sold shares of HL. Berman McAleer LLC acquired a new position in shares of Hecla Mining in the 3rd quarter valued at $593,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Hecla Mining in the 3rd quarter valued at $1,785,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Hecla Mining by 38.0% in 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 purchasing an additional 6,472,566 shares during the period. Retirement Systems of Alabama acquired a new position in shares of Hecla Mining in the 4th quarter valued at $15,433,000. Finally, First Trust Advisors LP lifted 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 during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Price Performance

HL opened at $17.31 on Friday. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a 12 month low of $4.93 and a 12 month high of $34.17. The company has a fifty day simple moving average of $18.69 and a 200 day simple moving average of $19.80. The stock has a market cap of $11.61 billion, a P/E ratio of 42.22 and a beta of 1.26.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The firm had revenue of $411.43 million during the quarter, compared to the consensus estimate of $407.63 million. During the same quarter in the prior year, the company earned $0.04 EPS. Hecla Mining’s quarterly revenue was up 57.4% on a year-over-year basis. On average, research analysts expect that Hecla Mining Company will post 0.93 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, May 22nd. Hecla Mining’s dividend payout ratio is 2.44%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HL shares. Canadian Imperial Bank of Commerce increased their price target on Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. HC Wainwright cut their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Zacks Research downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. BMO Capital Markets increased their price target on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Finally, Scotiabank increased their price target on Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given 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 price target of $22.25.

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.