Oppenheimer & Close LLC Has $6.84 Million Position in Hecla Mining Company $HL

Oppenheimer & Close LLC decreased its position in shares of Hecla Mining Company (NYSE:HL) by 45.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 356,595 shares of the basic materials company’s stock after selling 297,080 shares during the quarter. Hecla Mining makes up 4.7% of Oppenheimer & Close LLC’s investment portfolio, making the stock its 4th largest position. Oppenheimer & Close LLC owned approximately 0.05% of Hecla Mining worth $6,843,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HL. Lodestone Wealth Management LLC purchased a new stake in Hecla Mining during the 4th quarter worth about $28,000. UMB Bank n.a. boosted its stake in Hecla Mining by 2,390.0% in 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. Rothschild Investment LLC boosted its stake in Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after buying an additional 781 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after buying an additional 4,425 shares in the last quarter. Finally, Tucker Asset Management LLC purchased a new stake in Hecla Mining in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HL. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Mkm set a $13.00 target price on Hecla Mining in a research note on Wednesday, February 18th. Zacks Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. HC Wainwright cut their target price on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group raised 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. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Hecla Mining currently has a consensus rating of “Hold” and a consensus target price of $22.25.

Hecla Mining Price Performance

Shares of Hecla Mining stock opened at $17.74 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. The business’s 50 day simple moving average is $18.38 and its two-hundred day simple moving average is $19.93. The stock has a market capitalization of $11.90 billion, a P/E ratio of 43.27 and a beta of 1.26. Hecla Mining Company has a one year low of $5.03 and a one year high of $34.17.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS 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 analysts’ expectations of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.Hecla Mining’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. Analysts forecast that Hecla Mining Company will post 0.93 EPS for the current year.

Hecla Mining Dividend Announcement

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

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.