Hecla Mining Company $HL Shares Acquired by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd lifted its position in shares of Hecla Mining Company (NYSE:HL) by 4,039.3% in the 4th quarter, Holdings Channel reports. The fund owned 59,896 shares of the basic materials company’s stock after buying an additional 58,449 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Hecla Mining were worth $1,149,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of HL. Lodestone Wealth Management LLC acquired a new stake in shares of Hecla Mining in the fourth quarter valued at approximately $28,000. Quadrant Capital Group LLC raised its holdings in shares of 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 buying an additional 631 shares during the last quarter. Sittner & Nelson LLC acquired a new position in shares of Hecla Mining during the fourth quarter worth approximately $29,000. Rothschild Investment LLC grew 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 worth $31,000 after buying an additional 781 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Hecla Mining in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings cut shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. HC Wainwright cut their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hecla Mining currently has a consensus rating of “Hold” and an average price target of $24.79.

Hecla Mining Stock Down 0.1%

Shares of Hecla Mining stock opened at $15.94 on Friday. The firm has a market cap of $10.69 billion, a PE ratio of 38.89 and a beta of 1.25. The business’s 50 day simple moving average is $17.65 and its 200 day simple moving average is $20.05. 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 52-week low of $5.47 and a 52-week high of $34.17.

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). The company had revenue of $411.43 million during the quarter, compared to the consensus estimate of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The company’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 earnings per share.

Hecla Mining Announces Dividend

The company also recently disclosed 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 $0.01 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 2.44%.

About Hecla Mining

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.