147,043 Shares in Hecla Mining Company $HL Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Hecla Mining Company (NYSE:HL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 147,043 shares of the basic materials company’s stock, valued at approximately $2,269,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Hecla Mining during the second quarter valued at about $1,085,779,000. Arrowstreet Capital Limited Partnership grew its position in shares of Hecla Mining by 86.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company’s stock worth $244,003,000 after buying an additional 5,906,313 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hecla Mining by 40.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock worth $102,144,000 after buying an additional 4,928,130 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Hecla Mining during the 4th quarter worth approximately $88,417,000. Finally, State Street Corp lifted its position in Hecla Mining by 14.8% during 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 acquiring an additional 4,453,706 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Scotiabank lowered their target price on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Zacks Research upgraded Hecla Mining to a “hold” rating in a report on Friday, July 17th. HC Wainwright lowered 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. Weiss Ratings raised Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Hecla Mining currently has an average rating of “Hold” and a consensus target price of $23.82.

Hecla Mining Trading Up 1.6%

Shares of Hecla Mining stock opened at $20.87 on Friday. The firm’s 50 day simple moving average is $16.03 and its two-hundred day simple moving average is $18.26. The firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 42.59 and a beta of 1.32. Hecla Mining Company has a 12-month low of $7.51 and a 12-month high of $34.17.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The company had revenue of $333.85 million for the quarter, compared to analysts’ expectations of $368.75 million. During the same period last year, the firm earned $0.09 earnings per share. Hecla Mining’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts predict that Hecla Mining Company will post 0.47 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.0038 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s payout ratio is currently 2.04%.

Hecla Mining News Summary

Here are the key news stories impacting Hecla Mining this week:

• Positive Sentiment: Gold and silver prices rose during the week, lifting precious-metals miners. A reported Treasury Department buyback plan appears to have pressured bond-market yields and further supported demand for precious metals, helping Hecla shares surge in the prior session. Hecla Mining and Coeur Mining Spike 13% as Treasury Buyback Plan Ignites Precious Metals Rally
• Positive Sentiment: Hecla’s stock is viewed as trading at a discount to its historical valuation, potentially making it attractive to investors seeking leveraged exposure to higher silver and gold prices. Why Hecla Mining Stock Is Soaring This Week
• Positive Sentiment: Unusually strong options activity added to bullish sentiment: traders bought 40,568 call options, about 33% above the stock’s average daily call volume.
• Positive Sentiment: A GuruFocus analysis noted that HL shares had gained 14.4% and assigned the company a GF Score of 69, indicating comparatively solid fundamental and valuation characteristics. Hecla Mining Co Shares Surge 14.4%
• Neutral Sentiment: Analysts’ average rating remains “Hold,” suggesting that while the commodity-price outlook has improved, Wall Street is not broadly endorsing aggressive upside expectations. Hecla Mining Receives Average Rating of Hold
• Negative Sentiment: Hecla’s latest quarterly results slightly missed earnings expectations, while revenue also came in below consensus, highlighting execution and valuation risks if precious-metals prices retreat.

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.