MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Holdings in Hecla Mining Company $HL

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Hecla Mining Company by 12.7%, owning over 12 million shares valued at approximately $67.4 million.
• Hecla Mining reported earnings of $0.08 per share and $304.03 million in revenue for the last quarter, surpassing analyst expectations.
• The company recently announced a quarterly dividend of $0.0038 per share, yielding a modest 0.2% annually.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hecla Mining Company (NYSE:HL - Free Report) by 12.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 12,124,216 shares of the basic materials company's stock after purchasing an additional 1,366,700 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.92% of Hecla Mining worth $67,411,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Hecla Mining during the 1st quarter valued at about $31,000. DRW Securities LLC purchased a new position in shares of Hecla Mining in the 1st quarter worth approximately $54,000. PFG Investments LLC purchased a new position in shares of Hecla Mining in the 1st quarter worth approximately $56,000. Ground Swell Capital LLC purchased a new position in shares of Hecla Mining in the 4th quarter worth approximately $57,000. Finally, Hohimer Wealth Management LLC purchased a new position in shares of Hecla Mining in the 1st quarter worth approximately $58,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Hecla Mining Stock Up 2.0%

NYSE:HL opened at $9.03 on Friday. The company has a market cap of $6.05 billion, a PE ratio of 56.41 and a beta of 1.29. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $9.12. 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 company's 50 day moving average is $6.89 and its two-hundred day moving average is $5.98.

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

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 22nd. Hecla Mining's payout ratio is presently 6.25%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. CIBC lifted their price objective on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. HC Wainwright lifted their price objective on shares of Hecla Mining from $11.50 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, August 7th. National Bankshares set a $7.00 price objective on shares of Hecla Mining in a research report on Friday, June 13th. BMO Capital Markets lifted their price objective on shares of 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, Wall Street Zen raised shares of Hecla Mining from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $7.36.

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.

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