Foster Dykema Cabot & Co. Inc. MA maintained its position in Hecla Mining Company (NYSE:HL) during the second quarter, Holdings Channel reports. The fund owned 55,000 shares of the basic materials company’s stock at the end of the second quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in Hecla Mining were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HL. Teacher Retirement System of Texas boosted its position in Hecla Mining by 2.6% in the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock valued at $162,000 after buying an additional 802 shares during the period. Metropolitan Life Insurance Co. NY boosted its position 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 valued at $1,406,000 after buying an additional 2,181 shares during the period. Ameriprise Financial Inc. boosted its position in Hecla Mining by 27.8% in the first quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock valued at $106,000 after buying an additional 4,384 shares during the period. Eqis Capital Management Inc. boosted its position in Hecla Mining by 20.1% in the second quarter. Eqis Capital Management Inc. now owns 32,780 shares of the basic materials company’s stock valued at $167,000 after buying an additional 5,492 shares during the period. Finally, Supplemental Annuity Collective Trust of NJ boosted its position in Hecla Mining by 9.1% in the second quarter. Supplemental Annuity Collective Trust of NJ now owns 120,000 shares of the basic materials company’s stock valued at $612,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 57.53% of the company’s stock.

Shares of Hecla Mining Company (NYSE:HL) opened at 5.01 on Friday. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 40.73 and a beta of 0.44. The stock has a 50 day moving average of $5.17 and a 200-day moving average of $5.53. Hecla Mining Company has a 52 week low of $4.61 and a 52 week high of $7.64.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $134.30 million for the quarter, compared to analyst estimates of $130.54 million. Hecla Mining had a return on equity of 2.56% and a net margin of 7.88%. The company’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS. Analysts expect that Hecla Mining Company will post $0.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd will be given a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Monday, August 21st. Hecla Mining’s payout ratio is presently 7.69%.

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Several research firms have commented on HL. TheStreet upgraded shares of Hecla Mining from a “c+” rating to a “b” rating in a research report on Monday, June 12th. Zacks Investment Research cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada restated a “hold” rating and issued a $6.00 target price on shares of Hecla Mining in a research report on Tuesday, May 30th. ValuEngine cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, HC Wainwright restated a “buy” rating and issued a $8.00 target price on shares of Hecla Mining in a research report on Sunday, June 25th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus 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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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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