Hecla Mining Company $HL is Parvin Asset Management LLC’s 3rd Largest Position

Parvin Asset Management LLC lowered its position in shares of Hecla Mining Company (NYSE:HL) by 16.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 199,175 shares of the basic materials company’s stock after selling 39,375 shares during the quarter. Hecla Mining accounts for 3.0% of Parvin Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Parvin Asset Management LLC’s holdings in Hecla Mining were worth $3,822,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new position in Hecla Mining during the 4th quarter worth $108,000. State of Wisconsin Investment Board increased its holdings in shares of Hecla Mining by 20.6% in the 4th quarter. State of Wisconsin Investment Board now owns 323,506 shares of the basic materials company’s stock valued at $6,208,000 after purchasing an additional 55,262 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Hecla Mining by 360.6% in the 4th quarter. Captrust Financial Advisors now owns 50,599 shares of the basic materials company’s stock valued at $971,000 after purchasing an additional 39,614 shares in the last quarter. Rothschild Wealth LLC purchased a new position in shares of Hecla Mining in the 4th quarter valued at about $1,484,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Hecla Mining by 25.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 64,591 shares of the basic materials company’s stock valued at $1,240,000 after purchasing an additional 12,943 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Performance

NYSE:HL opened at $16.75 on Wednesday. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $17.85 and a two-hundred day moving average price of $20.09. Hecla Mining Company has a twelve month low of $5.47 and a twelve month high of $34.17. The company has a market capitalization of $11.24 billion, a P/E ratio of 40.86 and a beta of 1.25.

Hecla Mining (NYSE:HL) last posted its 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 for the quarter, compared to analysts’ expectations of $407.63 million. During the same quarter last year, the business posted $0.04 earnings per share. The business’s revenue was up 57.4% compared to the same quarter last year.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, May 22nd. Hecla Mining’s dividend payout ratio (DPR) is 2.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. HC Wainwright cut their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, April 29th. Finally, Roth Mkm set a $13.00 price target on shares of Hecla Mining in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Hecla Mining presently has an average rating of “Hold” and an average target price of $24.79.

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.