Foundations Investment Advisors LLC Takes $1.86 Million Position in Hecla Mining Company $HL

Foundations Investment Advisors LLC acquired a new stake in Hecla Mining Company (NYSE:HL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 97,136 shares of the basic materials company’s stock, valued at approximately $1,864,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lodestone Wealth Management LLC bought a new position in shares of Hecla Mining in the 4th quarter valued at about $28,000. Tucker Asset Management LLC bought a new position in shares of Hecla Mining in the 4th quarter valued at about $38,000. Clearstead Advisors LLC grew its position in shares of Hecla Mining by 462.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,227 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 1,831 shares during the period. UMB Bank n.a. grew its position in shares of Hecla Mining by 2,390.0% in the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 2,390 shares during the period. Finally, Stone House Investment Management LLC lifted its stake in shares of Hecla Mining by 449.0% during the 4th 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 last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Performance

NYSE HL opened at $17.74 on Friday. The firm has a 50-day moving average of $18.38 and a 200-day moving average of $19.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. The stock has a market cap of $11.90 billion, a PE ratio of 43.27 and a beta of 1.26. Hecla Mining Company has a 52-week low of $5.03 and a 52-week high of $34.17.

Hecla Mining (NYSE:HL) last posted its 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 return on equity of 16.89% and a net margin of 17.41%.The company had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. During the same quarter in the prior year, the business posted $0.04 EPS. The business’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Hecla Mining Company will post 0.93 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders 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 yield of 0.1%. Hecla Mining’s payout ratio is 2.44%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HL. Wall Street Zen cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. HC Wainwright cut their target price on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, April 29th. Zacks Research cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Roth Mkm set a $13.00 target price on shares of Hecla Mining in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.25.

Hecla Mining Company 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.