Cookson Peirce & Co. Inc. Invests $768,000 in Hecla Mining Company $HL

Cookson Peirce & Co. Inc. purchased a new position in Hecla Mining Company (NYSE:HL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 40,000 shares of the basic materials company’s stock, valued at approximately $768,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of 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 worth $863,324,000 after acquiring an additional 8,452,401 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of 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 worth $603,566,000 after acquiring an additional 12,197,740 shares during the last quarter. State Street Corp increased its stake in shares of 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 worth $417,278,000 after acquiring an additional 4,453,706 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 worth $284,651,000 after acquiring an additional 6,472,566 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in shares of 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 worth $120,509,000 after acquiring an additional 2,574,855 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HL. Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, April 29th. HC Wainwright dropped their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Roth Mkm set a $13.00 price target on shares of Hecla Mining in a research note on Wednesday, February 18th. Finally, Zacks Research cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Two investment 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 stock has an average rating of “Hold” and an average price target of $22.25.

Hecla Mining Trading Up 0.0%

Shares of NYSE:HL opened at $14.79 on Monday. The stock has a market capitalization of $9.92 billion, a PE ratio of 36.07 and a beta of 1.25. Hecla Mining Company has a 1 year low of $5.47 and a 1 year high of $34.17. The firm has a fifty day moving average price of $18.28 and a 200 day moving average price of $20.04. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The company’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 earnings per share. Analysts expect that Hecla Mining Company will post 0.93 EPS for the current fiscal year.

Hecla Mining Announces Dividend

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

Hecla Mining Company 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.