Assetmark Inc. Acquires 112,717 Shares of Hecla Mining Company $HL

Assetmark Inc. boosted its holdings in Hecla Mining Company (NYSE:HL) by 58,402.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 112,910 shares of the basic materials company’s stock after acquiring an additional 112,717 shares during the quarter. Assetmark Inc.’s holdings in Hecla Mining were worth $2,104,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Veracity Capital LLC lifted its holdings in shares of Hecla Mining by 4.0% in the fourth quarter. Veracity Capital LLC now owns 11,005 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 419 shares during the last quarter. CWM LLC boosted its position in Hecla Mining by 1.4% in the fourth quarter. CWM LLC now owns 31,853 shares of the basic materials company’s stock valued at $611,000 after buying an additional 434 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Hecla Mining by 9.5% during the fourth quarter. Blue Trust Inc. now owns 5,786 shares of the basic materials company’s stock worth $111,000 after buying an additional 500 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Hecla Mining by 33.9% during the fourth quarter. Parallel Advisors LLC now owns 2,011 shares of the basic materials company’s stock worth $39,000 after buying an additional 509 shares during the last quarter. Finally, Root Financial Partners LLC increased its holdings in shares of Hecla Mining by 26.9% during the first quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock worth $47,000 after buying an additional 538 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Down 2.5%

Shares of HL opened at $15.30 on Friday. The stock’s 50-day moving average price is $15.96 and its two-hundred day moving average price is $19.51. Hecla Mining Company has a 12 month low of $5.62 and a 12 month high of $34.17. The company has a market capitalization of $10.26 billion, a PE ratio of 37.32 and a beta of 1.29. 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 (NYSE:HL) last issued its quarterly earnings results 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 net margin of 17.41% and a return on equity of 16.89%. The company had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. During the same period in the previous year, the company posted $0.04 EPS. The company’s quarterly revenue was up 57.4% on a year-over-year basis. On average, analysts anticipate that Hecla Mining Company will post 0.47 EPS for the current year.

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 issued a $0.0038 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.01 annualized dividend and a yield of 0.1%. Hecla Mining’s payout ratio is presently 2.44%.

Analysts Set New Price Targets

A number of research analysts have recently commented on HL shares. Scotiabank dropped their price target on 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. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, April 29th. Zacks Research upgraded Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Weiss Ratings lowered Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Finally, HC Wainwright cut their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.12.

Hecla Mining Company 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.