Vise Technologies Inc. Invests $450,000 in Hecla Mining Company $HL

Vise Technologies Inc. acquired a new stake in Hecla Mining Company (NYSE:HL) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 29,166 shares of the basic materials company’s stock, valued at approximately $450,000.

A number of other large investors have also added to or reduced their stakes in HL. Quadrant Capital Group LLC grew its holdings in Hecla Mining by 74.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 631 shares during the last quarter. Sittner & Nelson LLC bought a new position in shares of Hecla Mining during the fourth quarter valued at $29,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Hecla Mining during the fourth quarter valued at $31,000. Rothschild Investment LLC lifted its holdings in shares of Hecla Mining by 93.5% during the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 781 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Hecla Mining by 134.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 957 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Jefferies Financial Group began coverage on Hecla Mining in a report on Thursday. They issued a “hold” rating and a $22.00 price objective for the company. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Scotiabank decreased their target price on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Finally, Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, April 29th. Two research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $23.82.

Hecla Mining Trading Down 1.6%

HL stock opened at $20.39 on Tuesday. The stock has a 50-day moving average price of $16.21 and a 200-day moving average price of $18.24. Hecla Mining Company has a 1-year low of $7.78 and a 1-year high of $34.17. The firm has a market cap of $13.69 billion, a PE ratio of 41.60 and a beta of 1.32.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The business had revenue of $333.85 million during the quarter, compared to analyst estimates of $368.75 million. During the same period in the prior year, the firm earned $0.09 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, analysts forecast that Hecla Mining Company will post 0.46 earnings per share for the current year.

Hecla Mining Announces Dividend

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

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.