Amundi raised its stake in Hecla Mining Company (NYSE:HL - Free Report) by 41.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,175,236 shares of the basic materials company's stock after buying an additional 639,602 shares during the period. Amundi owned 0.34% of Hecla Mining worth $11,638,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in HL. Tidal Investments LLC boosted its position in Hecla Mining by 100.5% in the fourth quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock valued at $77,999,000 after buying an additional 7,960,826 shares in the last quarter. Pale Fire Capital SE acquired a new stake in Hecla Mining in the first quarter valued at approximately $41,360,000. Nuveen LLC acquired a new stake in Hecla Mining in the first quarter valued at approximately $18,410,000. MetLife Investment Management LLC boosted its position in Hecla Mining by 869.3% in the first quarter. MetLife Investment Management LLC now owns 3,274,065 shares of the basic materials company's stock valued at $18,204,000 after buying an additional 2,936,288 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Hecla Mining by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 28,827,696 shares of the basic materials company's stock valued at $160,285,000 after buying an additional 2,306,239 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.
Hecla Mining Stock Up 0.6%
Shares of NYSE HL traded up $0.07 during trading on Friday, hitting $11.22. 27,550,434 shares of the company traded hands, compared to its average volume of 22,878,972. The business's fifty day moving average is $7.36 and its 200 day moving average is $6.18. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $11.51. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 70.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 2.67.
Hecla Mining (NYSE:HL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The firm had revenue of $304.03 million for the quarter, compared to analyst estimates of $248.93 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The business's quarterly revenue was up 23.8% compared to the same quarter last year. Equities research analysts predict that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.
Hecla Mining Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 22nd were issued a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, August 22nd. Hecla Mining's dividend payout ratio is currently 6.25%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. National Bankshares set a $7.00 price target on shares of Hecla Mining in a report on Friday, June 13th. BMO Capital Markets lifted their price target on shares of Hecla Mining from $6.00 to $6.50 and gave the stock a "market perform" rating in a report on Thursday, August 7th. CIBC lifted their price target on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Hecla Mining from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a report on Thursday, June 12th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Hecla Mining currently has a consensus rating of "Hold" and a consensus target price of $7.36.
Check Out Our Latest Stock Report on HL
About Hecla Mining
(
Free Report)
Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.
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