Hecla Mining Company $HL Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of Hecla Mining Company (NYSE:HL) by 42.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 221,898 shares of the basic materials company’s stock after buying an additional 66,589 shares during the period. Intech Investment Management LLC’s holdings in Hecla Mining were worth $4,258,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HL. Goldman Sachs Group Inc. raised its holdings in shares of Hecla Mining by 20.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock worth $23,827,000 after acquiring an additional 739,360 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Hecla Mining by 24.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company’s stock worth $10,894,000 after acquiring an additional 380,448 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Hecla Mining by 10.9% in the second quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company’s stock worth $393,000 after acquiring an additional 6,450 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Hecla Mining by 71.6% in the second quarter. Prudential Financial Inc. now owns 78,395 shares of the basic materials company’s stock worth $435,000 after acquiring an additional 32,714 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Hecla Mining by 1.8% in the second quarter. Russell Investments Group Ltd. now owns 153,867 shares of the basic materials company’s stock worth $922,000 after acquiring an additional 2,793 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Price Performance

HL stock opened at $17.56 on Tuesday. The stock has a 50-day moving average price of $18.38 and a two-hundred day moving average price of $19.99. Hecla Mining Company has a 12-month low of $5.28 and a 12-month high of $34.17. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The company has a market cap of $11.78 billion, a PE ratio of 42.82 and a beta of 1.25.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (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 for the quarter, compared to analysts’ expectations of $407.63 million. During the same period last year, the firm posted $0.04 EPS. Hecla Mining’s revenue was up 57.4% on a year-over-year basis. As a group, research analysts predict that Hecla Mining Company will post 0.93 EPS for the current year.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.0038 per share. 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%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Roth Mkm set a $13.00 price target on Hecla Mining in a report on Wednesday, February 18th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, April 29th. Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, HC Wainwright cut their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Two 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, the company currently has a consensus rating of “Hold” and a consensus target price of $22.25.

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.