Hecla Mining Company $HL Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in Hecla Mining Company (NYSE:HL) by 105,862.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,052,208 shares of the basic materials company’s stock after acquiring an additional 1,051,215 shares during the quarter. Bessemer Group Inc.’s holdings in Hecla Mining were worth $20,193,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. New York Life Investment Management LLC acquired a new stake in Hecla Mining in the 4th quarter valued at approximately $1,102,000. Ameritas Advisory Services LLC increased its position in Hecla Mining by 9,980.0% in the 4th quarter. Ameritas Advisory Services LLC now owns 10,080 shares of the basic materials company’s stock valued at $193,000 after acquiring an additional 9,980 shares during the period. Independent Advisor Alliance increased its position in Hecla Mining by 988.9% in the 4th quarter. Independent Advisor Alliance now owns 185,782 shares of the basic materials company’s stock valued at $3,565,000 after acquiring an additional 168,721 shares during the period. World Investment Advisors increased its position in Hecla Mining by 27.2% in the 4th quarter. World Investment Advisors now owns 21,081 shares of the basic materials company’s stock valued at $405,000 after acquiring an additional 4,511 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Hecla Mining during the 4th quarter valued at $2,031,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on HL shares. Zacks Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Canadian Imperial Bank of Commerce increased their price target on Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. HC Wainwright decreased their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, BMO Capital Markets increased their price target on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.25.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $17.64 on Friday. The stock has a fifty day moving average price of $19.02 and a two-hundred day moving average price of $19.63. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. The firm has a market cap of $11.83 billion, a P/E ratio of 43.03 and a beta of 1.26. Hecla Mining Company has a 1 year low of $4.71 and a 1 year high of $34.17.

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 the consensus estimate of $0.27 by ($0.03). The company had revenue of $411.43 million for the quarter, compared to the consensus estimate of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business’s revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. Research analysts forecast that Hecla Mining Company will post 0.93 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.0038 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is currently 2.44%.

Hecla Mining Company 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.