Hecla Mining (NYSE:HL) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its position in Hecla Mining (NYSE:HL) by 1.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 56,686,012 shares of the basic materials company’s stock after buying an additional 1,044,102 shares during the quarter. Van ECK Associates Corp owned about 9.17% of Hecla Mining worth $272,659,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Hecla Mining by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 57,567,847 shares of the basic materials company’s stock worth $225,090,000 after buying an additional 487,299 shares in the last quarter. Jump Financial LLC lifted its holdings in Hecla Mining by 53.8% in the third quarter. Jump Financial LLC now owns 566,574 shares of the basic materials company’s stock valued at $2,215,000 after acquiring an additional 198,254 shares during the period. Northern Trust Corp boosted its position in shares of Hecla Mining by 1.2% during the 3rd quarter. Northern Trust Corp now owns 5,928,871 shares of the basic materials company’s stock worth $23,182,000 after purchasing an additional 69,308 shares in the last quarter. TIAA Trust National Association purchased a new stake in shares of Hecla Mining during the 4th quarter worth $156,000. Finally, ORG Partners LLC grew its stake in shares of Hecla Mining by 1,172.3% during the 4th quarter. ORG Partners LLC now owns 17,812 shares of the basic materials company’s stock worth $86,000 after purchasing an additional 16,412 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Trading Down 2.2 %

NYSE:HL traded down $0.11 on Monday, reaching $5.00. The stock had a trading volume of 10,055,082 shares, compared to its average volume of 7,585,783. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $6.30. The company has a market cap of $3.08 billion, a price-to-earnings ratio of -33.33 and a beta of 2.20. The firm’s fifty day moving average is $4.57 and its two-hundred day moving average is $4.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.65 and a quick ratio of 1.06.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $160.69 million for the quarter, compared to analyst estimates of $151.51 million. Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The firm’s revenue was down 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. Equities analysts expect that Hecla Mining will post 0.02 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Tuesday, March 12th were given a $0.006 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, March 11th. Hecla Mining’s dividend payout ratio is currently -20.00%.

Analyst Ratings Changes

HL has been the topic of a number of research analyst reports. National Bank Financial reissued an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. StockNews.com raised Hecla Mining to a “sell” rating in a research note on Wednesday, April 10th. Finally, Roth Mkm raised their price objective on Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.68.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.