Aigen Investment Management LP Takes Position in Hecla Mining Company $HL

Aigen Investment Management LP acquired a new stake in Hecla Mining Company (NYSE:HL) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 44,393 shares of the basic materials company’s stock, valued at approximately $852,000.

Several other institutional investors also recently made changes to their positions in HL. Goldman Sachs Group Inc. lifted its holdings in Hecla Mining by 20.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock valued at $23,827,000 after purchasing an additional 739,360 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Hecla Mining by 24.1% during 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 worth $10,894,000 after purchasing an additional 380,448 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Hecla Mining by 10.9% during the second quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 6,450 shares during the period. Prudential Financial Inc. increased its holdings in shares of Hecla Mining by 71.6% during the second quarter. Prudential Financial Inc. now owns 78,395 shares of the basic materials company’s stock valued at $435,000 after purchasing an additional 32,714 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Hecla Mining by 1.8% during 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. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HL has been the subject of a number of research reports. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, April 29th. Roth Mkm set a $13.00 price objective on Hecla Mining in a research note on Wednesday, February 18th. Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. HC Wainwright lowered their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Weiss Ratings lowered Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.79.

Hecla Mining Trading Up 0.1%

Shares of Hecla Mining stock opened at $15.30 on Monday. 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 stock has a market cap of $10.26 billion, a P/E ratio of 37.33 and a beta of 1.25. Hecla Mining Company has a 12-month low of $5.47 and a 12-month high of $34.17. The business’s 50 day moving average is $17.95 and its 200-day moving average is $20.07.

Hecla Mining (NYSE:HL) last posted its earnings results 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 for the quarter, compared to analyst estimates of $407.63 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm’s revenue was up 57.4% compared to the same quarter last year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given a $0.0038 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is currently 2.44%.

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.