Cvfg LLC Purchases Shares of 223,012 Hecla Mining Company $HL

Cvfg LLC purchased a new position in Hecla Mining Company (NYSE:HL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 223,012 shares of the basic materials company’s stock, valued at approximately $4,155,000.

A number of other hedge funds also recently made changes to their positions in HL. Veracity Capital LLC lifted its stake in Hecla Mining by 4.0% during the fourth quarter. Veracity Capital LLC now owns 11,005 shares of the basic materials company’s stock worth $211,000 after purchasing an additional 419 shares during the last quarter. CWM LLC raised its holdings 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 valued at $611,000 after buying an additional 434 shares in the last quarter. Blue Trust Inc. lifted its position in Hecla Mining by 9.5% in the 4th quarter. Blue Trust Inc. now owns 5,786 shares of the basic materials company’s stock worth $111,000 after buying an additional 500 shares during the last quarter. Parallel Advisors LLC boosted its stake in Hecla Mining by 33.9% in the fourth quarter. Parallel Advisors LLC now owns 2,011 shares of the basic materials company’s stock worth $39,000 after buying an additional 509 shares in the last quarter. Finally, Root Financial Partners LLC grew its position in Hecla Mining by 26.9% during the first quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 538 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Hecla Mining Trading Down 5.7%

HL opened at $15.52 on Wednesday. Hecla Mining Company has a one year low of $5.47 and a one year high of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. The business has a 50 day simple moving average of $16.82 and a two-hundred day simple moving average of $19.88. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 37.86 and a beta of 1.29.

Hecla Mining (NYSE:HL) last posted 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 business had revenue of $411.43 million for the quarter, compared to analysts’ expectations of $407.63 million. During the same period last year, the firm posted $0.04 earnings per share. Hecla Mining’s quarterly revenue was up 57.4% on a year-over-year basis.

Hecla Mining Dividend Announcement

The business also recently disclosed 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 was Friday, May 22nd. This represents a $0.01 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is 2.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HL shares. HC Wainwright lowered their price objective 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 lowered shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 5th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Canaccord Genuity Group raised 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. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $24.79.

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.