Zurcher Kantonalbank Zurich Cantonalbank Has $828,000 Position in Hecla Mining (NYSE:HL)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hecla Mining (NYSE:HL) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 172,171 shares of the basic materials company’s stock after purchasing an additional 2,868 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hecla Mining were worth $828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HL. Kingswood Wealth Advisors LLC acquired a new stake in shares of Hecla Mining during the third quarter worth about $469,000. Raymond James Financial Services Advisors Inc. raised its holdings in Hecla Mining by 5.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 87,524 shares of the basic materials company’s stock worth $342,000 after buying an additional 4,403 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Hecla Mining by 139.8% in the third quarter. Stratos Wealth Partners LTD. now owns 45,436 shares of the basic materials company’s stock valued at $178,000 after buying an additional 26,487 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Hecla Mining by 4.0% in the third quarter. Bank of New York Mellon Corp now owns 5,385,535 shares of the basic materials company’s stock valued at $21,057,000 after buying an additional 208,740 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Hecla Mining by 2.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,390,499 shares of the basic materials company’s stock valued at $52,357,000 after buying an additional 298,547 shares during the period. 63.01% of the stock is owned by institutional investors.

Hecla Mining Stock Down 2.2 %

HL stock opened at $5.00 on Tuesday. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $6.30. The company has a market cap of $3.08 billion, a price-to-earnings ratio of -33.33 and a beta of 2.20. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $4.57 and a two-hundred day moving average price of $4.41.

Hecla Mining (NYSE:HL) last released its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $160.69 million during the quarter, compared to the consensus estimate of $151.51 million. Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. Hecla Mining’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 earnings per share. Analysts anticipate that Hecla Mining will post 0.02 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Tuesday, March 12th were given a $0.006 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.48%. Hecla Mining’s payout ratio is -20.00%.

Analysts Set New Price Targets

HL has been the topic of several research reports. StockNews.com raised shares of Hecla Mining to a “sell” rating in a research report on Wednesday, April 10th. Roth Mkm boosted their price target on Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, National Bank Financial reiterated an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.68.

Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.