Edmond DE Rothschild Holding S.A. Makes New Investment in Hecla Mining Company $HL

Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Hecla Mining Company (NYSE:HL) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 147,043 shares of the basic materials company’s stock, valued at approximately $2,269,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Veracity Capital LLC increased its stake 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 period. CWM LLC boosted its holdings 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 purchasing an additional 434 shares during the last quarter. Parallel Advisors LLC grew 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 raised its stake in shares of Hecla Mining by 26.9% during the 1st quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock valued at $47,000 after buying an additional 538 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Hecla Mining by 74.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after buying an additional 631 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $20.87 on Friday. The firm has a market cap of $14.02 billion, a PE ratio of 42.59 and a beta of 1.32. The firm has a fifty day moving average of $16.03 and a 200 day moving average of $18.26. Hecla Mining Company has a one year low of $7.51 and a one year high of $34.17.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The company 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 business earned $0.09 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts predict that Hecla Mining Company will post 0.47 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be 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 is Wednesday, August 26th. Hecla Mining’s dividend payout ratio is 2.04%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HL. Weiss Ratings upgraded Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Wall Street Zen cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised shares of Hecla Mining to a “hold” rating in a report on Friday, July 17th. HC Wainwright dropped 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 report on Wednesday, May 6th. Finally, Jefferies Financial Group initiated coverage on shares of Hecla Mining in a research report on Thursday. They issued a “hold” rating and a $22.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.82.

Trending Headlines about Hecla Mining

Here are the key news stories impacting Hecla Mining this week:

• Positive Sentiment: Gold and silver prices rose during the week, lifting precious-metals miners. A reported Treasury Department buyback plan appears to have pressured bond-market yields and further supported demand for precious metals, helping Hecla shares surge in the prior session. Hecla Mining and Coeur Mining Spike 13% as Treasury Buyback Plan Ignites Precious Metals Rally
• Positive Sentiment: Hecla’s stock is viewed as trading at a discount to its historical valuation, potentially making it attractive to investors seeking leveraged exposure to higher silver and gold prices. Why Hecla Mining Stock Is Soaring This Week
• Positive Sentiment: Unusually strong options activity added to bullish sentiment: traders bought 40,568 call options, about 33% above the stock’s average daily call volume.
• Positive Sentiment: A GuruFocus analysis noted that HL shares had gained 14.4% and assigned the company a GF Score of 69, indicating comparatively solid fundamental and valuation characteristics. Hecla Mining Co Shares Surge 14.4%
• Neutral Sentiment: Analysts’ average rating remains “Hold,” suggesting that while the commodity-price outlook has improved, Wall Street is not broadly endorsing aggressive upside expectations. Hecla Mining Receives Average Rating of Hold
• Negative Sentiment: Hecla’s latest quarterly results slightly missed earnings expectations, while revenue also came in below consensus, highlighting execution and valuation risks if precious-metals prices retreat.

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.