Electrum Group LLC Makes New Investment in Hecla Mining Company $HL

Electrum Group LLC acquired a new stake in shares of Hecla Mining Company (NYSE:HL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 356,251 shares of the basic materials company's stock, valued at approximately $5,496,953. Hecla Mining accounts for about 0.0% of Electrum Group LLC's holdings, making the stock its 8th biggest position. Electrum Group LLC owned about 0.05% of Hecla Mining at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Hecla Mining in the second quarter worth about $1,085,779,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Hecla Mining by 86.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company's stock valued at $244,003,000 after acquiring an additional 5,906,313 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hecla Mining by 40.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company's stock valued at $102,144,000 after buying an additional 4,928,130 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Hecla Mining during the fourth quarter worth $88,417,000. Finally, State Street Corp lifted its stake in shares of Hecla Mining by 14.8% in the 3rd quarter. State Street Corp now owns 34,485,817 shares of the basic materials company's stock valued at $417,278,000 after purchasing an additional 4,453,706 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Hecla Mining Stock Performance

NYSE:HL traded down $1.05 during mid-day trading on Friday, hitting $20.38. The stock had a trading volume of 17,395,134 shares, compared to its average volume of 25,905,652. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 41.59 and a beta of 1.32. The company's 50 day simple moving average is $16.50 and its 200 day simple moving average is $18.21. Hecla Mining Company has a twelve month low of $8.07 and a twelve month high of $34.17.

Hecla Mining (NYSE:HL - Get Free Report) last posted its 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). The business had revenue of $333.85 million during the quarter, compared to analysts' expectations of $368.75 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.Hecla Mining's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. As a group, equities analysts forecast that Hecla Mining Company will post 0.46 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 is Wednesday, August 26th. Hecla Mining's payout ratio is presently 2.04%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of Hecla Mining to a "hold" rating in a research note on Friday, July 17th. Scotiabank cut their price target 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. HC Wainwright cut their price objective on shares of Hecla Mining from $36.50 to $26.75 and set a "buy" rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen cut Hecla Mining from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of Hecla Mining from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $23.82.

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.