Hecla Mining Company $HL Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its position in Hecla Mining Company (NYSE:HL) by 50.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 6,357,293 shares of the basic materials company’s stock after selling 6,357,807 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Hecla Mining were worth $118,436,000 at the end of the most recent quarter.

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

Hecla Mining Stock Down 1.3%

HL stock opened at $15.12 on Friday. Hecla Mining Company has a fifty-two week low of $5.62 and a fifty-two week 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 stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 36.87 and a beta of 1.29. The business’s fifty day moving average price is $15.91 and its two-hundred day moving average price is $19.48.

Hecla Mining (NYSE:HL) last issued 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). 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 during the quarter, compared to the consensus estimate of $407.63 million. During the same quarter in the previous year, the business posted $0.04 EPS. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, equities analysts anticipate that Hecla Mining Company will post 0.47 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given a $0.0038 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, May 22nd. Hecla Mining’s dividend payout ratio is presently 2.44%.

Analysts Set New Price Targets

Several brokerages have issued reports on HL. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a research report on Friday, July 17th. HC Wainwright decreased their price objective on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings cut shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 5th. Finally, Scotiabank dropped their target price on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. 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 data from MarketBeat, Hecla Mining currently has an average rating of “Hold” and a consensus price target of $24.12.

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.