AlphaGrep UK Ltd Makes New Investment in Hecla Mining Company $HL

AlphaGrep UK Ltd bought a new stake in shares of Hecla Mining Company (NYSE:HL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 82,239 shares of the basic materials company's stock, valued at approximately $1,269,000. Hecla Mining accounts for approximately 0.4% of AlphaGrep UK Ltd's portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. acquired a new position in Hecla Mining during the second quarter worth $1,085,779,000. Van ECK Associates Corp grew its holdings in shares of Hecla Mining by 15.3% during 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 buying an additional 5,053,624 shares during the last quarter. State Street Corp increased its position in shares of Hecla Mining by 14.8% during the third quarter. State Street Corp now owns 34,485,817 shares of the basic materials company's stock worth $417,278,000 after acquiring an additional 4,453,706 shares in the last quarter. Tidal Investments LLC increased its position in shares of Hecla Mining by 14.7% during the second quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company's stock worth $120,509,000 after acquiring an additional 2,574,855 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hecla Mining by 40.6% in the 2nd 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 acquiring an additional 4,928,130 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Hecla Mining Stock Down 2.5%

Hecla Mining stock opened at $20.68 on Friday. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 42.20 and a beta of 1.38. The business has a 50-day simple moving average of $17.10 and a 200 day simple moving average of $18.14. Hecla Mining Company has a 52 week low of $8.83 and a 52 week high of $34.17.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The company had revenue of $333.85 million during the quarter, compared to the consensus estimate of $368.75 million. During the same period in the previous year, the company earned $0.09 EPS. Hecla Mining's quarterly revenue was up 9.8% on a year-over-year basis. On average, research analysts anticipate that Hecla Mining Company will post 0.46 earnings per share for the current year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.0038 per share. 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 2.04%.

Analyst Ratings Changes

HL has been the subject of a number of analyst reports. Zacks Research upgraded Hecla Mining to a "hold" rating in a research note on Friday, July 17th. Weiss Ratings upgraded Hecla Mining from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of Hecla Mining from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Jefferies Financial Group began coverage on shares of 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, Scotiabank cut their target price on Hecla Mining from $25.00 to $21.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $23.82.

About Hecla Mining

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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