Hecla Mining Company $HL Stake Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in Hecla Mining Company (NYSE:HL) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,689,144 shares of the basic materials company’s stock after acquiring an additional 112,962 shares during the quarter. Bank of New York Mellon Corp’s holdings in Hecla Mining were worth $87,359,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings cut Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Scotiabank cut their price objective on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. 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. Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hecla Mining has an average rating of “Hold” and an average price target of $24.12.

Hecla Mining Price Performance

Shares of Hecla Mining stock opened at $15.29 on Wednesday. The firm has a fifty day simple moving average of $16.15 and a 200-day simple moving average of $19.56. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a 1-year low of $5.62 and a 1-year high of $34.17. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of 37.30 and a beta of 1.29.

Hecla Mining (NYSE:HL) last posted 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). 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 prior year, the firm posted $0.04 EPS. Hecla Mining’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, sell-side analysts expect that Hecla Mining Company will post 0.47 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were given a $0.0038 dividend. This represents a $0.01 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, May 22nd. Hecla Mining’s dividend payout ratio (DPR) 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.