60,818 Shares in Hecla Mining Company $HL Bought by FourThought Financial Partners LLC

FourThought Financial Partners LLC bought a new stake in Hecla Mining Company (NYSE:HL) in the fourth quarter, HoldingsChannel reports. The fund bought 60,818 shares of the basic materials company’s stock, valued at approximately $1,167,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Hecla Mining by 13.4% in the third 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 in the last quarter. Van ECK Associates Corp grew its position in Hecla Mining by 32.4% in the third 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 in the last quarter. State Street Corp grew its position in Hecla Mining by 14.8% in the third 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Hecla Mining by 38.0% in the third 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 in the last quarter. Finally, Tidal Investments LLC grew its position in Hecla Mining by 14.7% in the second quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock valued at $120,509,000 after purchasing an additional 2,574,855 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on HL shares. Scotiabank raised their target price on shares of Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, April 29th. Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Finally, HC Wainwright decreased their price objective on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.25.

Hecla Mining Stock Performance

Shares of HL opened at $17.31 on Friday. The firm has a 50-day moving average of $18.69 and a 200-day moving average of $19.80. Hecla Mining Company has a one year low of $4.93 and a one year high of $34.17. The company has a market cap of $11.61 billion, a PE ratio of 42.22 and a beta of 1.26. 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 (NYSE:HL) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 EPS 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 firm had revenue of $411.43 million during the quarter, compared to the consensus estimate of $407.63 million. During the same period last year, the business earned $0.04 EPS. The business’s revenue was up 57.4% on a year-over-year basis. As a group, equities analysts forecast that Hecla Mining Company will post 0.93 earnings per share for the current year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 22nd will be issued 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 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.