Hecla Mining Company $HL Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in Hecla Mining Company (NYSE:HL) by 44.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,995 shares of the basic materials company’s stock after buying an additional 35,875 shares during the quarter. Pacer Advisors Inc.’s holdings in Hecla Mining were worth $2,180,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Veracity Capital LLC grew its stake in Hecla Mining by 4.0% during the fourth quarter. Veracity Capital LLC now owns 11,005 shares of the basic materials company’s stock worth $211,000 after buying an additional 419 shares during the period. CWM LLC boosted its position in Hecla Mining by 1.4% during the 4th quarter. CWM LLC now owns 31,853 shares of the basic materials company’s stock worth $611,000 after purchasing an additional 434 shares during the period. Parallel Advisors LLC boosted its position in Hecla Mining by 33.9% during the 4th quarter. Parallel Advisors LLC now owns 2,011 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 509 shares during the period. Root Financial Partners LLC increased its holdings in Hecla Mining by 26.9% in the 1st quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 538 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 631 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Price Performance

Shares of Hecla Mining stock opened at $16.87 on Friday. The business has a 50-day moving average of $15.51 and a 200-day moving average of $18.93. The company has a market capitalization of $11.33 billion, a PE ratio of 34.43 and a beta of 1.32. Hecla Mining Company has a 1-year low of $7.19 and a 1-year high of $34.17.

Hecla Mining (NYSE:HL) last announced its earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The business had revenue of $333.85 million for the quarter, compared to analysts’ expectations of $368.75 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts expect that Hecla Mining Company will post 0.47 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a $0.0038 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 26th. Hecla Mining’s dividend payout ratio is presently 2.04%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings upgraded Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Scotiabank reduced their price target on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Canaccord Genuity Group upgraded 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, Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $24.12.

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.