Bank of New York Mellon Corp Grows Position in Hecla Mining Company $HL

Bank of New York Mellon Corp increased its holdings in Hecla Mining Company (NYSE:HL) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,576,182 shares of the basic materials company’s stock after purchasing an additional 42,527 shares during the period. Bank of New York Mellon Corp’s holdings in Hecla Mining were worth $87,817,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Hecla Mining by 13.4% in the third quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock worth $863,324,000 after purchasing an additional 8,452,401 shares during the last quarter. Van ECK Associates Corp increased its position in Hecla Mining by 32.4% in the third quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock worth $603,566,000 after purchasing an additional 12,197,740 shares during the last quarter. State Street Corp increased its position in Hecla Mining by 14.8% in the third quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock worth $417,278,000 after purchasing an additional 4,453,706 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hecla Mining by 38.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock worth $284,651,000 after purchasing an additional 6,472,566 shares during the last quarter. Finally, Tidal Investments LLC increased its position in Hecla Mining by 14.7% in the second quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock worth $120,509,000 after purchasing an additional 2,574,855 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

HL has been the subject of several analyst reports. HC Wainwright lowered their target price on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Zacks Research downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Roth Mkm set a $13.00 price objective on shares of Hecla Mining in a research note on Wednesday, February 18th. Weiss Ratings downgraded shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. Finally, Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.25.

Hecla Mining Stock Up 0.7%

NYSE:HL opened at $14.88 on Tuesday. Hecla Mining Company has a 1-year low of $5.47 and a 1-year high of $34.17. The company has a 50-day moving average of $18.23 and a 200 day moving average of $20.04. The firm has a market cap of $9.98 billion, a PE ratio of 36.30 and a beta of 1.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share 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 business had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. During the same period last year, the company earned $0.04 earnings per share. The firm’s revenue was up 57.4% compared to the same quarter last year. As a group, research analysts anticipate that Hecla Mining Company will post 0.93 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, May 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio is 2.44%.

Hecla Mining 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.