Arrowstreet Capital Limited Partnership Increases Position in Hecla Mining Company $HL

Arrowstreet Capital Limited Partnership boosted its stake in shares of Hecla Mining Company (NYSE:HL) by 86.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,715,100 shares of the basic materials company’s stock after purchasing an additional 5,906,313 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Hecla Mining were worth $244,003,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lodestone Wealth Management LLC purchased a new position in Hecla Mining during the fourth quarter worth approximately $28,000. Quadrant Capital Group LLC increased its position in shares of Hecla Mining by 74.3% in the fourth 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. Sittner & Nelson LLC acquired a new stake in shares of Hecla Mining in the fourth quarter worth $29,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Hecla Mining in the fourth quarter worth $31,000. Finally, Rothschild Investment LLC increased its position in shares of Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. Roth Mkm set a $13.00 price target on shares of Hecla Mining in a report on Wednesday, February 18th. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, HC Wainwright decreased 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. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.79.

Hecla Mining Trading Up 0.1%

Hecla Mining stock opened at $15.30 on Monday. The firm’s 50-day moving average is $17.95 and its 200-day moving average is $20.07. 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 Company has a 1 year low of $5.47 and a 1 year high of $34.17. The company has a market cap of $10.26 billion, a P/E ratio of 37.33 and a beta of 1.25.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 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 earnings per share. The company’s quarterly revenue was up 57.4% compared to the same quarter last year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were given a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, May 22nd. 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.