Hecla Mining Company $HL Shares Acquired by Alps Advisors Inc.

Key Points

• Alps Advisors increased its Hecla Mining stake by 5.7% in the third quarter, adding 97,738 shares to hold about 1.81 million shares, valued at $30.8 million.
• Hecla reported quarterly earnings of $0.22 per share and revenue of $394.8 million, both above analyst estimates; revenue was down 3.5% year over year.
• Analysts’ consensus rating was Hold, with an average price target of $23.22; institutional investors and hedge funds owned 63.01% of the company.

Alps Advisors Inc. lifted its holdings in Hecla Mining Company (NYSE:HL - Free Report) by 5.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,811,168 shares of the basic materials company's stock after buying an additional 97,738 shares during the quarter. Alps Advisors Inc. owned approximately 0.27% of Hecla Mining worth $30,844,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. EFG International AG bought a new position in Hecla Mining in the second quarter valued at $36,000. International Assets Investment Management LLC lifted its holdings in shares of Hecla Mining by 154.6% during the 1st quarter. International Assets Investment Management LLC now owns 2,470 shares of the basic materials company's stock worth $47,000 after acquiring an additional 1,500 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of Hecla Mining in the 2nd quarter valued at approximately $39,000. Bullseye Investment Management LLC purchased a new stake in Hecla Mining during the second quarter valued at $42,000. Finally, Root Financial Partners LLC purchased a new position in Hecla Mining during the 3rd quarter valued at approximately $47,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analyst Weigh In

HL has been the topic of several research reports. Royal Bank Of Canada decreased their price target on shares of Hecla Mining from $24.00 to $20.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 16th. Scotiabank cut their price target on Hecla Mining from $21.00 to $20.00 and set a "sector perform" rating on the stock in a report on Wednesday. Zacks Research upgraded Hecla Mining to a "hold" rating in a report on Friday, July 17th. Jefferies Financial Group assumed coverage on Hecla Mining in a research note on Thursday, August 20th. They issued a "hold" rating and a $22.00 price objective on the stock. Finally, Weiss Ratings lowered Hecla Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 23rd. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hecla Mining has an average rating of "Hold" and a consensus price target of $23.22.

Hecla Mining Price Performance

NYSE HL opened at $14.72 on Friday. Hecla Mining Company has a 1-year low of $12.80 and a 1-year high of $34.17. The stock has a 50-day moving average of $17.04 and a two-hundred day moving average of $18.43. The company has a market cap of $9.89 billion, a P/E ratio of 26.29 and a beta of 1.44.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The business had revenue of $394.82 million during the quarter, compared to the consensus estimate of $340.10 million. During the same quarter last year, the company earned $0.15 earnings per share. The business's quarterly revenue was down 3.5% compared to the same quarter last year. On average, analysts anticipate that Hecla Mining Company will post 0.46 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Monday, November 23rd will be paid a $0.0037 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, November 23rd. Hecla Mining's dividend payout ratio is currently 1.79%.

Hecla Mining Profile

Hecla Mining Company NYSE: HL is a precious and base metals mining company that explores for, develops, and produces silver, gold, lead, and zinc. The company also undertakes activities related to mineral processing, mine development, and exploration of additional mineral resources.

Founded in 1891, Hecla is headquartered in Coeur d'Alene, Idaho, and is one of the oldest mining companies listed on the New York Stock Exchange. Its operating portfolio has included the Greens Creek silver-gold-lead-zinc mine in Alaska, the Lucky Friday silver-lead-zinc mine in Idaho, the Casa Berardi gold mine in Quebec, and the Keno Hill silver operations in Yukon, Canada.

Through its mines and exploration projects in the United States and Canada, Hecla supplies silver and other metals to industrial, investment, and manufacturing markets.

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