Eqis Capital Management Inc. boosted its position in shares of Hecla Mining Company (NYSE:HL) by 20.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,780 shares of the basic materials company’s stock after buying an additional 5,492 shares during the period. Eqis Capital Management Inc.’s holdings in Hecla Mining were worth $167,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Hecla Mining during the second quarter worth $143,000. Bank of Montreal Can boosted its stake in Hecla Mining by 24,959.0% in the second quarter. Bank of Montreal Can now owns 1,239,167 shares of the basic materials company’s stock worth $6,320,000 after buying an additional 1,234,222 shares in the last quarter. Credit Suisse AG boosted its stake in Hecla Mining by 97.1% in the first quarter. Credit Suisse AG now owns 1,316,349 shares of the basic materials company’s stock worth $6,963,000 after buying an additional 648,356 shares in the last quarter. Brookfield Asset Management Inc. boosted its stake in Hecla Mining by 9.1% in the first quarter. Brookfield Asset Management Inc. now owns 600,000 shares of the basic materials company’s stock worth $3,174,000 after buying an additional 50,000 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Hecla Mining by 0.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 265,830 shares of the basic materials company’s stock worth $1,406,000 after buying an additional 2,181 shares in the last quarter. Institutional investors and hedge funds own 57.98% of the company’s stock.
Hecla Mining Company (NYSE HL) opened at 4.87 on Friday. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 39.59 and a beta of 0.44. Hecla Mining Company has a 52-week low of $4.61 and a 52-week high of $7.64. The company’s 50-day moving average price is $5.12 and its 200-day moving average price is $5.48.
Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.05. Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. The business had revenue of $134.30 million for the quarter, compared to analyst estimates of $130.54 million. During the same period in the prior year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was down 21.6% on a year-over-year basis. Analysts predict that Hecla Mining Company will post $0.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd will be issued a dividend of $0.0025 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.01 dividend on an annualized basis and a yield of 0.21%. Hecla Mining’s dividend payout ratio is 7.69%.
A number of research firms recently commented on HL. TheStreet upgraded Hecla Mining from a “c+” rating to a “b” rating in a research report on Monday, June 12th. Zacks Investment Research lowered Hecla Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reissued a “hold” rating and set a $6.00 price target on shares of Hecla Mining in a research report on Tuesday, May 30th. HC Wainwright reissued a “buy” rating and set a $8.00 price target on shares of Hecla Mining in a research report on Sunday, June 25th. Finally, ValuEngine lowered Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Hecla Mining has an average rating of “Hold” and an average target price of $6.94.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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