Catalyst Funds Management Pty Ltd Has $2.70 Million Stock Position in Hecla Mining Company $HL

Catalyst Funds Management Pty Ltd lifted its stake in Hecla Mining Company (NYSE:HL) by 179.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,600 shares of the basic materials company’s stock after acquiring an additional 90,300 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Hecla Mining were worth $2,698,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lodestone Wealth Management LLC acquired a new stake in shares of Hecla Mining in the fourth quarter worth $28,000. Tucker Asset Management LLC acquired a new stake in shares of Hecla Mining in the fourth quarter worth $38,000. UMB Bank n.a. boosted its stake in 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 worth $30,000 after buying an additional 2,390 shares in the last quarter. Stone House Investment Management LLC boosted its stake in Hecla Mining by 449.0% during the fourth quarter. Stone House Investment Management LLC now owns 2,811 shares of the basic materials company’s stock worth $54,000 after buying an additional 2,299 shares in the last quarter. Finally, Bogart Wealth LLC boosted its stake in Hecla Mining by 382.8% during the fourth quarter. Bogart Wealth LLC now owns 3,191 shares of the basic materials company’s stock worth $61,000 after buying an additional 2,530 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Down 1.9%

Shares of NYSE:HL opened at $16.97 on Friday. Hecla Mining Company has a 52 week low of $5.00 and a 52 week high of $34.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. The company’s fifty day moving average is $18.61 and its 200-day moving average is $19.78. The company has a market capitalization of $11.38 billion, a PE ratio of 41.39 and a beta of 1.26.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The firm had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. During the same quarter in the prior year, the firm posted $0.04 EPS. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. Equities research analysts predict that Hecla Mining Company will post 0.93 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HL shares. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce lifted their price target on shares of Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, BMO Capital Markets lifted their price target on shares of Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 27th. Two 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.25.

Hecla Mining Company 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.