49,871 Shares of Hecla Mining Company $HL Bought by Plancorp LLC

Plancorp LLC purchased a new position in Hecla Mining Company (NYSE:HL) in the third quarter, Holdings Channel reports. The fund purchased 49,871 shares of the basic materials company’s stock, valued at approximately $849,000.

Several other large investors also recently made changes to their positions in HL. U S Global Investors Inc. acquired a new stake in shares of Hecla Mining in the first quarter valued at about $1,397,000. BlackRock Inc. acquired a new position in shares of Hecla Mining during the 2nd quarter worth about $1,085,779,000. Oxbow Advisors LLC acquired a new position in shares of Hecla Mining during the 2nd quarter worth about $7,456,000. NewEdge Advisors LLC lifted its position in shares of Hecla Mining by 1,188.7% during the 2nd quarter. NewEdge Advisors LLC now owns 432,889 shares of the basic materials company’s stock worth $6,679,000 after purchasing an additional 399,298 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Hecla Mining by 15.3% during the 2nd 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 during the period. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on HL. Royal Bank Of Canada lowered their target price on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, September 16th. Weiss Ratings downgraded Hecla Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Scotiabank cut their price target on Hecla Mining from $21.00 to $20.00 and set a “sector perform” rating for the company in a report on Wednesday. Jefferies Financial Group initiated coverage on Hecla Mining in a research report on Thursday, August 20th. They issued a “hold” rating and a $22.00 price objective for the company. Finally, Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.22.

Hecla Mining Stock Performance

NYSE HL opened at $14.72 on Friday. Hecla Mining Company has a twelve month low of $12.80 and a twelve month high of $34.17. The stock has a market cap of $9.89 billion, a PE ratio of 26.29 and a beta of 1.44. The firm has a 50-day simple moving average of $17.04 and a 200 day simple moving average of $18.43.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. The firm had revenue of $394.82 million for the quarter, compared to analyst estimates of $340.10 million. Hecla Mining had a return on equity of 20.94% and a net margin of 24.11%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 earnings per share. Research analysts forecast that Hecla Mining Company will post 0.46 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Monday, November 23rd will be issued a dividend of $0.0037 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, November 23rd. Hecla Mining’s dividend payout ratio (DPR) is presently 1.79%.

About Hecla Mining

Hecla Mining Company is a precious-metals mining company founded in 1891 and headquartered in Coeur d’Alene, Idaho. It explores for, develops and operates mines producing silver and gold, with lead and zinc recovered as byproducts at some operations.

Hecla’s mining operations are located in the United States and Canada, including the Greens Creek mine in Alaska, the Lucky Friday mine in Idaho, the Keno Hill silver district in Yukon and the Casa Berardi gold mine in Quebec.