HighTower Advisors LLC Grows Stock Position in Hecla Mining Company $HL

HighTower Advisors LLC lifted its stake in Hecla Mining Company (NYSE:HL) by 306.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,848 shares of the basic materials company’s stock after buying an additional 164,251 shares during the period. HighTower Advisors LLC’s holdings in Hecla Mining were worth $4,181,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Lodestone Wealth Management LLC purchased a new position in shares of Hecla Mining in the fourth quarter worth about $28,000. Tucker Asset Management LLC purchased a new position in shares of Hecla Mining in the fourth quarter worth about $38,000. UMB Bank n.a. increased its holdings in shares of 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 during the period. Stone House Investment Management LLC increased its holdings in shares of Hecla Mining by 449.0% in the fourth quarter. Stone House Investment Management LLC now owns 2,811 shares of the basic materials company’s stock worth $54,000 after buying an additional 2,299 shares during the period. Finally, Bogart Wealth LLC increased its holdings in shares of Hecla Mining by 382.8% in the fourth quarter. Bogart Wealth LLC now owns 3,191 shares of the basic materials company’s stock worth $61,000 after buying an additional 2,530 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

HL has been the topic of several analyst reports. Roth Mkm set a $13.00 price objective on Hecla Mining in a report on Wednesday, February 18th. HC Wainwright decreased their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Zacks Research downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, April 29th. Finally, Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.25.

Hecla Mining Trading Up 3.8%

HL opened at $17.59 on Friday. The stock has a market cap of $11.80 billion, a PE ratio of 42.90 and a beta of 1.26. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $18.40 and a 200-day moving average of $19.95. Hecla Mining Company has a 52 week low of $5.03 and a 52 week high of $34.17.

Hecla Mining (NYSE:HL) last released 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). The firm had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The company’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 EPS. Equities research analysts predict that Hecla Mining Company will post 0.93 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

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

About Hecla Mining

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.