Northwestern Mutual Investment Management Company LLC Makes New $2.88 Million Investment in Hecla Mining Company $HL

Northwestern Mutual Investment Management Company LLC purchased a new position in Hecla Mining Company (NYSE:HL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 149,926 shares of the basic materials company’s stock, valued at approximately $2,877,000.

Other hedge funds have also recently made changes to their positions in the company. Lodestone Wealth Management LLC purchased a new position in shares of Hecla Mining during the fourth quarter valued at approximately $28,000. UMB Bank n.a. increased its stake in shares of Hecla Mining by 2,390.0% during the third quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after buying an additional 2,390 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Hecla Mining by 255.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after buying an additional 4,425 shares during the period. MAI Capital Management purchased a new position in shares of Hecla Mining during the third quarter valued at approximately $39,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Hecla Mining during the third quarter valued at approximately $44,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HL shares. Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, April 29th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. BMO Capital Markets boosted their target price on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hecla Mining currently has an average rating of “Hold” and a consensus price target of $22.25.

Hecla Mining Stock Performance

Shares of Hecla Mining stock opened at $17.64 on Friday. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 43.03 and a beta of 1.26. The firm’s 50-day moving average is $19.02 and its 200 day moving average is $19.63. Hecla Mining Company has a 1 year low of $4.71 and a 1 year high of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data 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). The business had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 EPS. Sell-side analysts anticipate that Hecla Mining Company will post 0.93 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be given a $0.0038 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio is presently 2.44%.

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.