Cookson Peirce & Co. Inc. Purchases Shares of 40,000 Hecla Mining Company $HL

Cookson Peirce & Co. Inc. purchased a new stake in Hecla Mining Company (NYSE:HL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,000 shares of the basic materials company’s stock, valued at approximately $768,000.

Several other institutional investors also recently modified their holdings of HL. Goldman Sachs Group Inc. increased 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 valued at $23,827,000 after buying an additional 739,360 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 valued at $10,894,000 after buying an additional 380,448 shares in the last quarter. Cetera Investment Advisers increased 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 valued at $393,000 after buying an additional 6,450 shares in the last quarter. Prudential Financial Inc. increased 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 valued at $435,000 after buying an additional 32,714 shares in the last quarter. Finally, Russell Investments Group Ltd. increased 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 valued at $922,000 after buying an additional 2,793 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $14.79 on Monday. The company’s fifty day moving average is $18.28 and its two-hundred day moving average is $20.04. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a 12-month low of $5.47 and a 12-month high of $34.17. The company has a market cap of $9.92 billion, a P/E ratio of 36.07 and a beta of 1.25.

Hecla Mining (NYSE:HL) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $407.63 million. During the same period last year, the firm earned $0.04 earnings per share. Hecla Mining’s revenue for the quarter was up 57.4% compared to the same quarter last year. Equities analysts expect that Hecla Mining Company will post 0.93 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend 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%.

Analyst Ratings Changes

Several research analysts have issued reports on HL shares. Roth Mkm set a $13.00 price target on Hecla Mining in a report on Wednesday, February 18th. HC Wainwright dropped their price target 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 cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Canaccord Genuity Group raised 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 shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.