Greenwich Wealth Management LLC Purchases 60,827 Shares of Hecla Mining Company $HL

Greenwich Wealth Management LLC boosted its position in Hecla Mining Company (NYSE:HL) by 68.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,109 shares of the basic materials company’s stock after buying an additional 60,827 shares during the period. Greenwich Wealth Management LLC’s holdings in Hecla Mining were worth $2,881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HL. Vanguard Group Inc. increased its holdings in Hecla Mining by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock worth $863,324,000 after purchasing an additional 8,452,401 shares in the last quarter. Van ECK Associates Corp increased its holdings in Hecla Mining by 32.4% during the 3rd quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock worth $603,566,000 after purchasing an additional 12,197,740 shares in the last quarter. State Street Corp increased its holdings in Hecla Mining by 14.8% during the 3rd quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock worth $417,278,000 after purchasing an additional 4,453,706 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Hecla Mining by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock worth $284,651,000 after purchasing an additional 6,472,566 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in Hecla Mining by 14.7% during the 2nd quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock worth $120,509,000 after purchasing an additional 2,574,855 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. HC Wainwright decreased their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Roth Mkm set a $13.00 price objective on Hecla Mining in a report on Wednesday, February 18th. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.25.

Hecla Mining Trading Up 1.4%

Shares of HL stock opened at $17.78 on Wednesday. The company’s fifty day simple moving average is $18.38 and its two-hundred day simple moving average is $19.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. Hecla Mining Company has a 1 year low of $5.47 and a 1 year high of $34.17. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 43.38 and a beta of 1.25.

Hecla Mining (NYSE:HL) last issued its 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 business had revenue of $411.43 million for the quarter, compared to the consensus estimate of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The company’s revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 EPS. As a group, analysts anticipate that Hecla Mining Company will post 0.93 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be issued a $0.0038 dividend. 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 is presently 2.44%.

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.