Hecla Mining Company $HL Shares Purchased by Entropy Technologies LP

Entropy Technologies LP boosted its holdings in Hecla Mining Company (NYSE:HL) by 443.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 555,425 shares of the basic materials company’s stock after buying an additional 453,301 shares during the period. Entropy Technologies LP’s holdings in Hecla Mining were worth $10,348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Hecla Mining by 20.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock worth $23,827,000 after acquiring an additional 739,360 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Hecla Mining by 24.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company’s stock worth $10,894,000 after purchasing an additional 380,448 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Hecla Mining by 10.9% in the 2nd quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 6,450 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Hecla Mining by 71.6% in the 2nd quarter. Prudential Financial Inc. now owns 78,395 shares of the basic materials company’s stock valued at $435,000 after purchasing an additional 32,714 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Hecla Mining by 1.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 153,867 shares of the basic materials company’s stock valued at $922,000 after buying an additional 2,793 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Down 1.3%

Shares of Hecla Mining stock opened at $15.12 on Friday. Hecla Mining Company has a twelve month low of $5.62 and a twelve month high of $34.17. The stock has a market cap of $10.14 billion, a price-to-earnings ratio of 36.87 and a beta of 1.29. 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 company has a fifty day moving average price of $15.91 and a 200 day moving average price of $19.48.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). The firm had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The firm’s revenue was up 57.4% compared to the same quarter last year. During the same period last year, the business earned $0.04 EPS. Equities research analysts forecast that Hecla Mining Company will post 0.47 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were issued a dividend of $0.0038 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, May 22nd. Hecla Mining’s dividend payout ratio (DPR) is presently 2.44%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HL shares. Zacks Research raised Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Weiss Ratings lowered Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Scotiabank cut their price objective on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, April 29th. Finally, HC Wainwright decreased their target price on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.12.

About Hecla Mining

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.