Kennedy Capital Management LLC Makes New $9.60 Million Investment in Hecla Mining Company $HL

Kennedy Capital Management LLC bought a new position in shares of Hecla Mining Company (NYSE:HL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 500,249 shares of the basic materials company’s stock, valued at approximately $9,600,000. Kennedy Capital Management LLC owned approximately 0.07% of Hecla Mining as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Veracity Capital LLC boosted its position in shares of Hecla Mining by 4.0% during the 4th quarter. Veracity Capital LLC now owns 11,005 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 419 shares in the last quarter. CWM LLC boosted its position in shares of Hecla Mining by 1.4% during the 4th quarter. CWM LLC now owns 31,853 shares of the basic materials company’s stock worth $611,000 after acquiring an additional 434 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Hecla Mining by 9.5% during the 4th quarter. Blue Trust Inc. now owns 5,786 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 500 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Hecla Mining by 33.9% during the 4th quarter. Parallel Advisors LLC now owns 2,011 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 509 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Hecla Mining by 74.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 631 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

HL has been the topic of several analyst reports. Roth Mkm set a $13.00 price target on shares of Hecla Mining in a research report on Wednesday, February 18th. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. HC Wainwright reduced their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings lowered shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 5th. Finally, Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, April 29th. Two research 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.79.

Hecla Mining Price Performance

HL stock opened at $15.30 on Monday. The company has a fifty day moving average price of $17.95 and a 200-day moving average price of $20.07. The company has a market capitalization of $10.26 billion, a P/E ratio of 37.33 and a beta of 1.25. Hecla Mining Company has a 52-week low of $5.47 and a 52-week high of $34.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94.

Hecla Mining (NYSE:HL) last released its quarterly 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). The business had revenue of $411.43 million for the quarter, compared to the consensus estimate of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. Hecla Mining’s revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 EPS.

Hecla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.0038 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is presently 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.