Greenwich Wealth Management LLC Has $2.88 Million Position in Hecla Mining Company $HL

Greenwich Wealth Management LLC boosted its stake in shares of Hecla Mining Company (NYSE:HL) by 68.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,109 shares of the basic materials company’s stock after buying an additional 60,827 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Hecla Mining were worth $2,881,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky acquired a new position in Hecla Mining during the 3rd quarter worth about $1,785,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hecla Mining by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock worth $284,651,000 after buying an additional 6,472,566 shares during the period. Retirement Systems of Alabama acquired a new position in Hecla Mining during the 4th quarter worth about $15,433,000. First Trust Advisors LP lifted its holdings in Hecla Mining by 374.2% during the 3rd quarter. First Trust Advisors LP now owns 3,277,748 shares of the basic materials company’s stock worth $39,661,000 after buying an additional 2,586,464 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Hecla Mining by 2,648.5% during the 4th quarter. SG Americas Securities LLC now owns 565,059 shares of the basic materials company’s stock worth $10,843,000 after buying an additional 544,500 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HL has been the topic of several recent research reports. Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. HC Wainwright lowered their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Canaccord Genuity Group raised 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. Finally, Roth Mkm set a $13.00 price objective on Hecla Mining in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.25.

Hecla Mining Stock Performance

Shares of Hecla Mining stock opened at $17.78 on Wednesday. Hecla Mining Company has a one year low of $5.47 and a one year high of $34.17. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 43.38 and a beta of 1.25. The business has a 50-day simple moving average of $18.38 and a 200 day simple moving average of $19.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53.

Hecla Mining (NYSE:HL) last issued its 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). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The firm had revenue of $411.43 million during the quarter, compared to the consensus estimate of $407.63 million. During the same period in the previous year, the firm earned $0.04 earnings per share. The business’s quarterly revenue was up 57.4% on a year-over-year basis. On average, research analysts anticipate that Hecla Mining Company will post 0.93 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 22nd will be given 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 presently 2.44%.

Hecla Mining 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.