Auxano Advisors LLC Buys Shares of 64,051 Hecla Mining Company $HL

Key Points

• Auxano Advisors acquired 64,051 Hecla Mining shares during the second quarter, valued at approximately $988,000. Institutional investors collectively own 63.01% of the company.
• Hecla Mining shares opened at $18.87, up 2.7%, with a market capitalization of $12.68 billion. The company reported quarterly revenue of $333.85 million and EPS of $0.17, slightly below analyst expectations.
• Analysts maintain a consensus “Hold” rating with an average price target of $24.12. Hecla also declared a quarterly dividend of $0.0038 per share, representing a 0.1% annualized yield.

Auxano Advisors LLC acquired a new position in shares of Hecla Mining Company (NYSE:HL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 64,051 shares of the basic materials company's stock, valued at approximately $988,000.

Several other hedge funds have also made changes to their positions in HL. Quadrant Capital Group LLC boosted its stake in Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company's stock valued at $28,000 after buying an additional 631 shares in the last quarter. Sittner & Nelson LLC bought a new stake in shares of Hecla Mining in the 4th quarter valued at about $29,000. Eurizon Capital SGR S.p.A. acquired a new position in Hecla Mining in the fourth quarter valued at about $31,000. Rothschild Investment LLC increased its position 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 worth $31,000 after acquiring an additional 781 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Hecla Mining by 134.2% in 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 last quarter. Institutional investors own 63.01% of the company's stock.

Hecla Mining Trading Up 2.7%

NYSE HL opened at $18.87 on Tuesday. The company has a market cap of $12.68 billion, a P/E ratio of 38.51 and a beta of 1.32. Hecla Mining Company has a 12-month low of $7.40 and a 12-month high of $34.17. The company has a fifty day simple moving average of $15.71 and a 200 day simple moving average of $18.38.

Hecla Mining (NYSE:HL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) 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 company had revenue of $333.85 million for the quarter, compared to the consensus estimate of $368.75 million. During the same quarter last year, the company posted $0.09 EPS. The company's quarterly revenue was up 9.8% compared to the same quarter last year. Sell-side analysts predict that Hecla Mining Company will post 0.47 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued 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 is Wednesday, August 26th. Hecla Mining's dividend payout ratio (DPR) is 2.04%.

Wall Street Analyst Weigh In

Several research analysts recently commented on HL shares. HC Wainwright reduced their price target on 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 research report on Friday, July 17th. Scotiabank lowered their price target on shares of Hecla Mining from $25.00 to $21.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 14th. Canaccord Genuity Group raised Hecla Mining from a "hold" rating to a "buy" rating and set a $24.00 target price on the stock in a report on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of Hecla Mining from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Hecla Mining currently has a consensus rating of "Hold" and a consensus price target of $24.12.

Hecla Mining Company Profile

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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