Caxton Associates LLP Has $1.69 Million Position in Hecla Mining Company $HL

Caxton Associates LLP lifted its stake in Hecla Mining Company (NYSE:HL) by 230.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,663 shares of the basic materials company’s stock after buying an additional 63,240 shares during the period. Caxton Associates LLP’s holdings in Hecla Mining were worth $1,689,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in Hecla Mining by 20.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock valued at $23,827,000 after acquiring an additional 739,360 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Hecla Mining by 24.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company’s stock worth $10,894,000 after acquiring an additional 380,448 shares during the period. Cetera Investment Advisers lifted its position in shares of Hecla Mining by 10.9% in the 2nd quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company’s stock worth $393,000 after acquiring an additional 6,450 shares during the period. Prudential Financial Inc. lifted its position in shares of Hecla Mining by 71.6% in the 2nd quarter. Prudential Financial Inc. now owns 78,395 shares of the basic materials company’s stock worth $435,000 after acquiring an additional 32,714 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Hecla Mining by 1.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 153,867 shares of the basic materials company’s stock worth $922,000 after purchasing an additional 2,793 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HL. Weiss Ratings cut Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 5th. Scotiabank reduced their target price on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. HC Wainwright decreased their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.12.

Hecla Mining Stock Down 1.3%

Shares of HL opened at $15.12 on Friday. The stock has a market cap of $10.14 billion, a price-to-earnings ratio of 36.87 and a beta of 1.29. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a 12 month low of $5.62 and a 12 month high of $34.17. The company has a 50-day moving average price of $15.91 and a two-hundred day moving average price of $19.48.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $407.63 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. Equities analysts predict that Hecla Mining Company will post 0.47 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were given a dividend of $0.0038 per share. This represents a $0.01 annualized dividend 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%.

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.