Raiffeisen Bank International AG Buys 277,367 Shares of Hecla Mining Company $HL

Raiffeisen Bank International AG increased its stake in shares of Hecla Mining Company (NYSE:HL) by 43.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 917,358 shares of the basic materials company’s stock after acquiring an additional 277,367 shares during the period. Raiffeisen Bank International AG owned about 0.14% of Hecla Mining worth $14,127,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HL. BlackRock Inc. bought a new position in Hecla Mining during the 2nd quarter worth about $1,085,779,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Hecla Mining by 86.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company’s stock valued at $244,003,000 after purchasing an additional 5,906,313 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Hecla Mining by 15.3% in the second quarter. Van ECK Associates Corp now owns 38,174,114 shares of the basic materials company’s stock valued at $589,027,000 after purchasing an additional 5,053,624 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Hecla Mining by 40.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock worth $102,144,000 after buying an additional 4,928,130 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Hecla Mining during the fourth quarter worth about $88,417,000. 63.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HL shares. Jefferies Financial Group began coverage on Hecla Mining in a research report on Thursday, August 20th. They issued a “hold” rating and a $22.00 target price on the stock. Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research raised shares of Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Weiss Ratings raised shares of Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Finally, Scotiabank lowered their price objective on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.82.

Hecla Mining Price Performance

Hecla Mining stock opened at $21.26 on Friday. The company has a market cap of $14.28 billion, a price-to-earnings ratio of 43.39 and a beta of 1.38. The firm has a 50-day moving average of $16.99 and a 200-day moving average of $18.12. Hecla Mining Company has a one year low of $8.75 and a one year high of $34.17.

Hecla Mining (NYSE:HL) last released its earnings results 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 company 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 posted $0.09 EPS. Hecla Mining’s revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts expect that Hecla Mining Company will post 0.46 earnings per share for the current year.

Hecla Mining Dividend Announcement

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

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.