Hecla Mining Company $HL Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its stake in Hecla Mining Company (NYSE:HL) by 71.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,918 shares of the basic materials company’s stock after selling 467,513 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Hecla Mining were worth $3,645,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Berman McAleer LLC acquired a new stake in shares of Hecla Mining in the third quarter valued at about $593,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Hecla Mining in the third quarter valued at about $1,785,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hecla Mining by 38.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock valued at $284,651,000 after purchasing an additional 6,472,566 shares during the period. Retirement Systems of Alabama acquired a new stake in shares of Hecla Mining in the fourth quarter valued at about $15,433,000. Finally, First Trust Advisors LP grew its position in shares of Hecla Mining by 374.2% in the third quarter. First Trust Advisors LP now owns 3,277,748 shares of the basic materials company’s stock valued at $39,661,000 after purchasing an additional 2,586,464 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Performance

HL opened at $16.97 on Friday. The firm has a market capitalization of $11.38 billion, a PE ratio of 41.39 and a beta of 1.26. Hecla Mining Company has a twelve month low of $5.00 and a twelve month high of $34.17. The firm’s 50-day moving average price is $18.61 and its 200 day moving average price is $19.78. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10.

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 business had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. As a group, sell-side analysts expect that Hecla Mining Company will post 0.93 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 22nd will be given a dividend of $0.0038 per share. 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 payout ratio is presently 2.44%.

Analysts Set New Price Targets

HL has been the topic of several research analyst reports. BMO Capital Markets lifted their target price on shares of Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, January 27th. Canadian Imperial Bank of Commerce lifted their target price on shares of Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. 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 report on Wednesday, April 29th. HC Wainwright lowered their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Scotiabank boosted their price target on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.25.

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.