BI Asset Management Fondsmaeglerselskab A S Trims Stock Position in Hecla Mining Company $HL

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in shares of Hecla Mining Company (NYSE:HL) by 68.6% in the first quarter, Holdings Channel reports. The fund owned 101,113 shares of the basic materials company’s stock after selling 220,809 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Hecla Mining were worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Lodestone Wealth Management LLC purchased a new stake in shares of Hecla Mining during the fourth quarter worth approximately $28,000. Quadrant Capital Group LLC grew its position in Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock valued at $28,000 after buying an additional 631 shares during the last quarter. Sittner & Nelson LLC acquired a new position in Hecla Mining in the 4th quarter valued at $29,000. Rothschild Investment LLC increased its stake in Hecla Mining by 93.5% in the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after buying an additional 781 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Hecla Mining during the 4th quarter worth $31,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $15.08 on Wednesday. The business’s 50 day simple moving average is $17.50 and its 200-day simple moving average is $20.05. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 36.78 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 Company has a 12 month low of $5.47 and a 12 month high of $34.17.

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 the consensus estimate of $0.27 by ($0.03). The firm had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share.

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 issued a $0.0038 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.01 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio is 2.44%.

Analysts Set New Price Targets

Several analysts have recently commented on HL shares. 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. HC Wainwright cut their price target 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. Weiss Ratings downgraded shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 5th. Finally, Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $24.79.

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.