Ieq Capital LLC Invests $167,000 in Hecla Mining Company $HL

Ieq Capital LLC purchased a new position in shares of Hecla Mining Company (NYSE:HL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,036 shares of the basic materials company's stock, valued at approximately $167,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Comerica Bank acquired a new position in shares of Hecla Mining during the 1st quarter worth $2,964,000. Martingale Asset Management L P acquired a new position in shares of Hecla Mining during the 1st quarter worth $187,000. Vanguard Group Inc. grew its stake in shares of Hecla Mining by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 62,830,935 shares of the basic materials company's stock worth $349,340,000 after purchasing an additional 1,437,895 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Hecla Mining by 8.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,578,828 shares of the basic materials company's stock worth $7,752,000 after purchasing an additional 127,756 shares during the period. Finally, Pale Fire Capital SE acquired a new position in shares of Hecla Mining during the 1st quarter worth $41,360,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of Hecla Mining from $6.00 to $6.50 and gave the company a "market perform" rating in a research note on Thursday, August 7th. Roth Capital reissued a "neutral" rating on shares of Hecla Mining in a research note on Thursday, August 7th. HC Wainwright increased their price objective on shares of Hecla Mining from $11.50 to $12.50 and gave the company a "buy" rating in a research note on Thursday, August 7th. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a research note on Thursday, June 12th. Finally, Wall Street Zen raised shares of Hecla Mining from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hecla Mining presently has an average rating of "Hold" and a consensus target price of $7.36.

Hecla Mining Trading Up 12.1%

Shares of Hecla Mining stock traded up $1.10 during mid-day trading on Monday, hitting $10.12. 49,555,836 shares of the stock were exchanged, compared to its average volume of 19,177,460. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $10.28. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 63.22 and a beta of 1.29. The company has a 50-day simple moving average of $6.98 and a 200 day simple moving average of $6.03. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping 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 company had revenue of $304.03 million for the quarter, compared to analysts' expectations of $248.93 million. During the same period last year, the company earned $0.02 EPS. The firm's revenue for the quarter was up 23.8% compared to the same quarter last year. Research analysts forecast that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

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

About Hecla Mining

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.