Hecla Mining Company $HL Holdings Lowered by Lesa Sroufe & Co

Lesa Sroufe & Co decreased its position in shares of Hecla Mining Company (NYSE:HL) by 47.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 248,692 shares of the basic materials company’s stock after selling 224,477 shares during the quarter. Hecla Mining makes up 3.2% of Lesa Sroufe & Co’s investment portfolio, making the stock its 10th largest position. Lesa Sroufe & Co’s holdings in Hecla Mining were worth $4,633,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lodestone Wealth Management LLC purchased a new stake in Hecla Mining during the fourth quarter valued at about $28,000. Quadrant Capital Group LLC increased its stake in shares of 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 worth $28,000 after purchasing an additional 631 shares in the last quarter. Sittner & Nelson LLC purchased a new position in shares of Hecla Mining in the fourth quarter worth about $29,000. Rothschild Investment LLC raised its position in shares of Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 781 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Hecla Mining in the fourth quarter valued at approximately $31,000. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Price Performance

HL stock opened at $16.27 on Friday. The firm has a 50 day moving average of $16.92 and a 200-day moving average of $19.92. The firm has a market capitalization of $10.91 billion, a P/E ratio of 39.69 and a beta of 1.29. Hecla Mining Company has a 12 month low of $5.47 and a 12 month high of $34.17. 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 posted 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 firm had revenue of $411.43 million for the quarter, compared to the consensus estimate of $407.63 million. During the same period last year, the company posted $0.04 EPS. The business’s revenue was up 57.4% on a year-over-year basis.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were given a dividend of $0.0038 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, May 22nd. Hecla Mining’s payout ratio is 2.44%.

Analysts Set New Price Targets

A number of brokerages recently commented on HL. 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. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, April 29th. HC Wainwright lowered 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. Finally, Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.79.

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.