Havemeyer Place LP Takes $1.30 Million Position in Hecla Mining Company $HL

Havemeyer Place LP purchased a new stake in Hecla Mining Company (NYSE:HL) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 67,897 shares of the basic materials company’s stock, valued at approximately $1,303,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HL. Teachers Retirement System of The State of Kentucky acquired a new stake in Hecla Mining during the 3rd quarter worth about $1,785,000. Geode Capital Management LLC lifted its position in Hecla Mining by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 16,620,647 shares of the basic materials company’s stock worth $319,000,000 after acquiring an additional 1,770,949 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Hecla Mining by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock worth $284,651,000 after acquiring an additional 6,472,566 shares during the period. Retirement Systems of Alabama acquired a new stake in Hecla Mining during the 4th quarter worth about $15,433,000. Finally, First Trust Advisors LP lifted its position in Hecla Mining by 374.2% during the 3rd quarter. First Trust Advisors LP now owns 3,277,748 shares of the basic materials company’s stock worth $39,661,000 after acquiring an additional 2,586,464 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Stock Performance

Shares of HL stock opened at $14.79 on Monday. The stock has a market cap of $9.92 billion, a PE ratio of 36.07 and a beta of 1.25. The business has a 50-day simple moving average of $18.28 and a 200-day simple moving average of $20.04. 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 52-week low of $5.47 and a 52-week high of $34.17.

Hecla Mining (NYSE:HL) last announced 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 business had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. During the same quarter in the prior year, the firm earned $0.04 EPS. Hecla Mining’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, equities analysts expect that Hecla Mining Company will post 0.93 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 22nd will be paid a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, May 22nd. Hecla Mining’s payout ratio is currently 2.44%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. HC Wainwright lowered their price target 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. Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, April 29th. Finally, Roth Mkm set a $13.00 price objective on Hecla Mining in a report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $22.25.

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.