Hecla Mining Company $HL Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC grew its position in shares of Hecla Mining Company (NYSE:HL) by 67.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,045,353 shares of the basic materials company’s stock after purchasing an additional 419,812 shares during the period. Janus Henderson Group PLC’s holdings in Hecla Mining were worth $19,478,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Hecla Mining by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 16,620,647 shares of the basic materials company’s stock worth $319,000,000 after acquiring an additional 1,770,949 shares during the period. U S Global Investors Inc. acquired a new position in Hecla Mining during the 1st quarter worth $1,397,000. Jupiter Asset Management Ltd. acquired a new position in Hecla Mining during the 4th quarter worth $88,417,000. Sigma Planning Corp increased its holdings in Hecla Mining by 395.4% during the 1st quarter. Sigma Planning Corp now owns 107,229 shares of the basic materials company’s stock worth $1,998,000 after purchasing an additional 85,583 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Hecla Mining by 2.5% during the 1st quarter. Bank of New York Mellon Corp now owns 4,689,144 shares of the basic materials company’s stock worth $87,359,000 after purchasing an additional 112,962 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HL shares. HC Wainwright reduced their target price on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 5th. Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a report on Friday, July 17th. Finally, Scotiabank decreased their price objective on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hecla Mining currently has a consensus rating of “Hold” and an average target price of $24.12.

Hecla Mining Trading Up 2.5%

NYSE HL opened at $14.47 on Tuesday. The firm’s fifty day moving average price is $15.61 and its 200 day moving average price is $19.14. Hecla Mining Company has a 12 month low of $5.76 and a 12 month high of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of 35.31 and a beta of 1.32.

Hecla Mining (NYSE:HL) last announced its quarterly 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 net margin of 17.41% and a return on equity of 16.89%. The company had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. During the same period last year, the firm earned $0.04 earnings per share. Hecla Mining’s revenue was up 57.4% on a year-over-year basis. On average, sell-side analysts expect that Hecla Mining Company will post 0.47 earnings per share for the current fiscal year.

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.