Caxton Associates LLP Has $1.69 Million Stock Holdings in Hecla Mining Company $HL

Caxton Associates LLP grew its position in Hecla Mining Company (NYSE:HL) by 230.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,663 shares of the basic materials company’s stock after purchasing an additional 63,240 shares during the period. Caxton Associates LLP’s holdings in Hecla Mining were worth $1,689,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HL. Lodestone Wealth Management LLC acquired a new stake in shares of Hecla Mining during the 4th quarter worth about $28,000. Quadrant Capital Group LLC boosted its position in 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 valued at $28,000 after buying an additional 631 shares in the last quarter. Sittner & Nelson LLC acquired a new position in Hecla Mining in the fourth quarter valued at about $29,000. Rothschild Investment LLC grew its stake in Hecla Mining by 93.5% during the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after buying an additional 781 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Hecla Mining during the fourth quarter worth about $31,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Trading Down 1.3%

HL opened at $15.12 on Friday. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $10.14 billion, a PE ratio of 36.87 and a beta of 1.29. Hecla Mining Company has a 1-year low of $5.62 and a 1-year high of $34.17. The firm has a 50-day moving average price of $15.91 and a two-hundred day moving average price of $19.48.

Hecla Mining (NYSE:HL) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The company had revenue of $411.43 million during the quarter, compared to the consensus estimate of $407.63 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The company’s revenue was up 57.4% on a year-over-year basis. As a group, equities analysts anticipate that Hecla Mining Company will post 0.47 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were issued a $0.0038 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is currently 2.44%.

Wall Street Analyst Weigh In

HL has been the subject of a number of research analyst reports. Weiss Ratings cut shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Scotiabank decreased 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 raised 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. HC Wainwright cut their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.