Electrum Group LLC Purchases New Shares in Hecla Mining Company $HL

Electrum Group LLC bought a new stake in shares of Hecla Mining Company (NYSE:HL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 356,251 shares of the basic materials company’s stock, valued at approximately $5,496,953,000. Hecla Mining makes up about 0.2% of Electrum Group LLC’s investment portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quadrant Capital Group LLC grew its position in shares of Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after buying an additional 631 shares during the period. Sittner & Nelson LLC purchased a new position in Hecla Mining during the 4th quarter valued at about $29,000. Rothschild Investment LLC lifted its position in Hecla Mining by 93.5% during the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 781 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in Hecla Mining during the fourth quarter worth about $31,000. Finally, CIBC Private Wealth Group LLC boosted its stake in Hecla Mining by 134.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 957 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on HL shares. Scotiabank decreased their target price on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. HC Wainwright dropped their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Zacks Research upgraded Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Two 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. According to data from MarketBeat, Hecla Mining currently has an average rating of “Hold” and a consensus target price of $24.12.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $17.94 on Wednesday. The company has a market cap of $12.05 billion, a P/E ratio of 36.62 and a beta of 1.32. Hecla Mining Company has a 1 year low of $7.40 and a 1 year high of $34.17. The stock’s fifty day moving average price is $15.78 and its 200-day moving average price is $18.31.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $333.85 million during the quarter, compared to the consensus estimate of $368.75 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.Hecla Mining’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. On average, sell-side analysts anticipate that Hecla Mining Company will post 0.47 earnings per share for the current year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.0038 per share. The ex-dividend date is Wednesday, August 26th. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio is 2.04%.

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.