Auxano Advisors LLC Acquires New Position in Hecla Mining Company $HL

Auxano Advisors LLC acquired a new stake in shares of Hecla Mining Company (NYSE:HL) during the fourth quarter, Holdings Channel.com reports. The fund acquired 164,026 shares of the basic materials company’s stock, valued at approximately $3,148,000. Hecla Mining accounts for approximately 0.6% of Auxano Advisors LLC’s portfolio, making the stock its 26th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tucker Asset Management LLC bought a new stake in shares of Hecla Mining during the 4th quarter worth $38,000. Abacus Wealth Partners LLC acquired a new position in Hecla Mining during the 4th quarter valued at $233,000. AlphaCore Capital LLC acquired a new position in Hecla Mining during the 4th quarter valued at $486,000. Convergence Investment Partners LLC bought a new position in shares of Hecla Mining during the 4th quarter worth about $1,047,000. Finally, Northwestern Mutual Investment Management Company LLC bought a new position in shares of Hecla Mining during the 4th quarter worth about $2,877,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, April 29th. Zacks Research cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Scotiabank raised their price objective on shares of Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Finally, HC Wainwright lowered their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Two equities research 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. Based on data from MarketBeat.com, Hecla Mining has an average rating of “Hold” and a consensus target price of $22.25.

Hecla Mining Stock Performance

Shares of HL opened at $17.27 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. Hecla Mining Company has a twelve month low of $4.82 and a twelve month high of $34.17. The firm has a market cap of $11.58 billion, a P/E ratio of 42.11 and a beta of 1.26. The firm’s 50 day moving average price is $18.95 and its two-hundred day moving average price is $19.71.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $411.43 million during the quarter, compared to the consensus estimate 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 for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 earnings per share. On average, analysts forecast that Hecla Mining Company will post 0.93 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be issued 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%.

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.