33,320 Shares in Hecla Mining Company $HL Purchased by OP Asset Management Ltd

OP Asset Management Ltd bought a new position in shares of Hecla Mining Company (NYSE:HL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 33,320 shares of the basic materials company’s stock, valued at approximately $621,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Banque Cantonale Vaudoise grew its stake in shares of Hecla Mining by 56.2% in the 1st quarter. Banque Cantonale Vaudoise now owns 7,211 shares of the basic materials company’s stock valued at $134,000 after buying an additional 2,594 shares during the period. AdvisorNet Financial Inc raised its position in shares of Hecla Mining by 47.7% during the 1st quarter. AdvisorNet Financial Inc now owns 6,249 shares of the basic materials company’s stock valued at $116,000 after buying an additional 2,019 shares during the period. XML Financial LLC lifted its holdings in Hecla Mining by 7.1% in the first quarter. XML Financial LLC now owns 12,100 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 800 shares during the last quarter. Connective Portfolio Management LLC purchased a new position in Hecla Mining in the first quarter worth approximately $354,000. Finally, Up Capital Management Inc. purchased a new position in Hecla Mining in the fourth quarter worth approximately $567,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. HC Wainwright cut their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings downgraded Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 5th. Finally, Canaccord Genuity Group upgraded shares of 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 equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.79.

Hecla Mining Stock Up 0.3%

Hecla Mining stock opened at $15.44 on Wednesday. The company has a market capitalization of $10.36 billion, a PE ratio of 37.66 and a beta of 1.25. 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 fifty-two week low of $5.47 and a fifty-two week high of $34.17. The firm has a 50 day moving average price of $17.09 and a 200 day moving average price of $19.99.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 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 firm had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. During the same quarter last year, the company earned $0.04 earnings per share. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis.

Hecla Mining Dividend Announcement

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