National Planning Corp raised its position in Hecla Mining Company (NYSE:HL) by 79.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,334 shares of the basic materials company’s stock after buying an additional 15,691 shares during the period. National Planning Corp’s holdings in Hecla Mining were worth $173,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of HL. UBS Asset Management Americas Inc. raised its stake in Hecla Mining by 21.7% in the first quarter. UBS Asset Management Americas Inc. now owns 227,544 shares of the basic materials company’s stock valued at $1,204,000 after buying an additional 40,512 shares during the period. Swiss National Bank raised its stake in Hecla Mining by 2.6% in the first quarter. Swiss National Bank now owns 651,437 shares of the basic materials company’s stock valued at $3,446,000 after buying an additional 16,800 shares during the period. Bank of New York Mellon Corp raised its stake in Hecla Mining by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 1,814,282 shares of the basic materials company’s stock valued at $9,597,000 after buying an additional 125,779 shares during the period. IndexIQ Advisors LLC raised its stake in Hecla Mining by 31.0% in the first quarter. IndexIQ Advisors LLC now owns 95,944 shares of the basic materials company’s stock valued at $508,000 after buying an additional 22,709 shares during the period. Finally, Eqis Capital Management Inc. purchased a new stake in Hecla Mining during the first quarter valued at approximately $144,000. Institutional investors own 57.98% of the company’s stock.
Hecla Mining Company (HL) opened at 4.85 on Thursday. Hecla Mining Company has a 52-week low of $4.61 and a 52-week high of $7.64. The company has a market capitalization of $1.94 billion, a P/E ratio of 39.43 and a beta of 0.44. The stock’s 50 day moving average is $5.14 and its 200-day moving average is $5.50.
Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.05. The firm had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $130.54 million. Hecla Mining had a return on equity of 2.56% and a net margin of 7.88%. The firm’s quarterly revenue was down 21.6% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. Analysts predict that Hecla Mining Company will post $0.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd will be issued a $0.0025 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.01 annualized dividend and a yield of 0.21%. Hecla Mining’s dividend payout ratio (DPR) is presently 7.69%.
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Several research firms have commented on HL. Royal Bank Of Canada reiterated a “hold” rating and issued a $6.00 price objective on shares of Hecla Mining in a research note on Tuesday, May 30th. HC Wainwright reiterated a “buy” rating and issued a $8.00 price objective on shares of Hecla Mining in a research note on Sunday, June 25th. TheStreet upgraded shares of Hecla Mining from a “c+” rating to a “b” rating in a research note on Monday, June 12th. Zacks Investment Research lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, BidaskClub lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.94.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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