Amundi Acquires 639,602 Shares of Hecla Mining Company $HL

Key Points

• Amundi increased its stake in Hecla Mining by 41.7%, owning over 2.17 million shares after purchasing an additional 639,602 shares in Q1.
• Hecla Mining's stock price rose by 7.6% to $10.96, with a significant trading volume of over 33 million shares on a recent trading day.
• The company announced a quarterly dividend of $0.0038 per share, maintaining a low payout ratio of 6.25% amid a 23.8% year-over-year revenue increase.

Amundi raised its holdings in shares of Hecla Mining Company (NYSE:HL - Free Report) by 41.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,175,236 shares of the basic materials company's stock after acquiring an additional 639,602 shares during the quarter. Amundi owned approximately 0.34% of Hecla Mining worth $11,638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Focus Partners Advisor Solutions LLC raised its holdings in Hecla Mining by 10.9% during the first quarter. Focus Partners Advisor Solutions LLC now owns 21,657 shares of the basic materials company's stock valued at $120,000 after acquiring an additional 2,135 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Hecla Mining by 13.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,883 shares of the basic materials company's stock valued at $93,000 after acquiring an additional 2,169 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Hecla Mining by 10.7% in the fourth quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company's stock worth $125,000 after purchasing an additional 2,457 shares during the last quarter. Xponance Inc. increased its holdings in shares of Hecla Mining by 5.9% in the first quarter. Xponance Inc. now owns 45,092 shares of the basic materials company's stock worth $251,000 after purchasing an additional 2,525 shares during the last quarter. Finally, Choreo LLC increased its holdings in shares of Hecla Mining by 16.3% in the first quarter. Choreo LLC now owns 21,561 shares of the basic materials company's stock worth $120,000 after purchasing an additional 3,018 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HL has been the topic of several research reports. Wall Street Zen raised Hecla Mining from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. National Bankshares set a $7.00 target price on Hecla Mining in a report on Friday, June 13th. Roth Capital reiterated a "neutral" rating on shares of Hecla Mining in a research report on Thursday, August 7th. BMO Capital Markets lifted their price target on Hecla Mining from $6.00 to $6.50 and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Finally, HC Wainwright lifted their price target on Hecla Mining from $11.50 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $7.36.

Hecla Mining Trading Up 0.7%

Shares of NYSE HL traded up $0.08 during trading hours on Friday, reaching $11.23. The stock had a trading volume of 19,846,701 shares, compared to its average volume of 21,431,414. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 70.37 and a beta of 1.29. The business's fifty day moving average price is $7.26 and its two-hundred day moving average price is $6.13. Hecla Mining Company has a 52-week low of $4.46 and a 52-week high of $11.51.

Hecla Mining (NYSE:HL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The firm had revenue of $304.03 million during the quarter, compared to analyst estimates of $248.93 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.Hecla Mining's quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 earnings per share. Analysts expect that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 22nd were paid a $0.0038 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining's payout ratio is 6.25%.

Hecla Mining Company Profile

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.