Electrum Group LLC Acquires New Position in Hecla Mining Company $HL

Electrum Group LLC acquired a new stake in Hecla Mining Company (NYSE:HL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 655,251 shares of the basic materials company’s stock, valued at approximately $12,574,000. Hecla Mining accounts for about 1.1% of Electrum Group LLC’s investment portfolio, making the stock its 6th largest holding. Electrum Group LLC owned about 0.10% of Hecla Mining as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new stake in Hecla Mining in the fourth quarter valued at about $28,000. Sittner & Nelson LLC acquired a new stake in Hecla Mining in the fourth quarter valued at about $29,000. Eurizon Capital SGR S.p.A. acquired a new stake in Hecla Mining in the fourth quarter valued at about $31,000. Rothschild Investment LLC lifted its position in Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 781 shares during the period. Finally, Tucker Asset Management LLC acquired a new stake in Hecla Mining in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Trading Down 2.7%

Shares of Hecla Mining stock opened at $14.50 on Wednesday. Hecla Mining Company has a 12-month low of $5.47 and a 12-month high of $34.17. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The stock has a market cap of $9.72 billion, a PE ratio of 35.35 and a beta of 1.25. The company has a 50-day moving average of $18.17 and a two-hundred day moving average of $20.05.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The company had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. During the same period last year, the business posted $0.04 earnings per share. The company’s quarterly revenue was up 57.4% on a year-over-year basis.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, May 22nd. Hecla Mining’s dividend payout ratio (DPR) is 2.44%.

Analyst Ratings Changes

A number of brokerages have issued reports on HL. Zacks Research cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Weiss Ratings cut shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Wall Street Zen cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Roth Mkm set a $13.00 target price on shares of Hecla Mining in a report on Wednesday, February 18th. Finally, HC Wainwright dropped their target price on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Hecla Mining presently has an average rating of “Hold” and an average target price of $22.25.

Hecla Mining 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.