Legal & General Group Plc bought a new position in Hecla Mining Company (NYSE:HL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 882,751 shares of the basic materials company's stock, valued at approximately $13,621,000. Legal & General Group Plc owned about 0.13% of Hecla Mining as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Quadrant Capital Group LLC boosted its holdings in shares of 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 valued at $28,000 after acquiring an additional 631 shares during the last quarter. Sittner & Nelson LLC purchased a new position in shares of Hecla Mining during the fourth quarter valued at approximately $29,000. Rothschild Investment LLC raised 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 valued at $31,000 after purchasing an additional 781 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Hecla Mining during the fourth quarter valued at approximately $31,000. Finally, CIBC Private Wealth Group LLC lifted its position in 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 valued at $32,000 after purchasing an additional 957 shares during the period. Institutional investors own 63.01% of the company's stock.
Hecla Mining Trading Up 0.3%
Shares of NYSE HL opened at $20.45 on Monday. Hecla Mining Company has a 12-month low of $8.07 and a 12-month high of $34.17. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 41.73 and a beta of 1.32. The firm has a 50 day moving average of $16.59 and a 200 day moving average of $18.18.
Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The business had revenue of $333.85 million during the quarter, compared to the consensus estimate of $368.75 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. The firm's revenue was up 9.8% on a year-over-year basis. Sell-side analysts predict that Hecla Mining Company will post 0.46 EPS for the current year.
Hecla Mining Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.0038 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 26th. Hecla Mining's dividend payout ratio (DPR) is currently 2.04%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on HL shares. HC Wainwright cut their target price on shares of Hecla Mining from $36.50 to $26.75 and set a "buy" rating for the company in a research report on Wednesday, May 6th. Zacks Research raised Hecla Mining to a "hold" rating in a report on Friday, July 17th. Wall Street Zen downgraded Hecla Mining from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings raised Hecla Mining from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 5th. Finally, Scotiabank reduced their price objective on 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. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Hecla Mining presently has an average rating of "Hold" and a consensus target price of $23.82.
Read Our Latest Analysis on Hecla Mining
About Hecla Mining
(
Free Report)
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.
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