Hecla Mining Company $HL Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in Hecla Mining Company (NYSE:HL) by 71.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 189,918 shares of the basic materials company’s stock after selling 467,513 shares during the period. Thrivent Financial for Lutherans’ holdings in Hecla Mining were worth $3,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HL. Van ECK Associates Corp boosted its holdings in Hecla Mining by 32.4% in the 3rd quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock valued at $603,566,000 after purchasing an additional 12,197,740 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Hecla Mining by 13.4% in the 3rd quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock valued at $863,324,000 after purchasing an additional 8,452,401 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hecla Mining by 38.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock valued at $284,651,000 after purchasing an additional 6,472,566 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Hecla Mining by 577.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,808,787 shares of the basic materials company’s stock valued at $82,386,000 after purchasing an additional 5,804,298 shares during the last quarter. Finally, State Street Corp boosted its holdings in Hecla Mining by 14.8% in the 3rd quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock valued at $417,278,000 after purchasing an additional 4,453,706 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, April 29th. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Roth Mkm set a $13.00 target price on shares of Hecla Mining in a report on Wednesday, February 18th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.25.

Hecla Mining Price Performance

Hecla Mining stock opened at $16.97 on Friday. The company’s 50 day simple moving average is $18.61 and its 200-day simple moving average is $19.78. The company has a market capitalization of $11.38 billion, a price-to-earnings ratio of 41.39 and a beta of 1.26. Hecla Mining Company has a 1 year low of $5.00 and a 1 year high of $34.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. Hecla Mining’s revenue was up 57.4% on a year-over-year basis. During the same period last year, the firm posted $0.04 earnings per share. As a group, equities research analysts expect that Hecla Mining Company will post 0.93 earnings per share for the current year.

Hecla Mining Announces Dividend

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

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.