Hecla Mining Company (HL) Position Held by Russell Investments Group Ltd.
Russell Investments Group Ltd. maintained its stake in shares of Hecla Mining Company (NYSE:HL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,019 shares of the basic materials company’s stock at the close of the second quarter. Russell Investments Group Ltd.’s holdings in Hecla Mining were worth $347,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of Hecla Mining by 27.8% in the 1st quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 4,384 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Hecla Mining in the 2nd quarter worth about $143,000. Eqis Capital Management Inc. raised its position in shares of Hecla Mining by 20.1% in the 2nd quarter. Eqis Capital Management Inc. now owns 32,780 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 5,492 shares in the last quarter. AXA bought a new position in shares of Hecla Mining in the 1st quarter worth about $293,000. Finally, Quantbot Technologies LP bought a new position in shares of Hecla Mining in the 1st quarter worth about $294,000. 59.35% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on HL. BMO Capital Markets reissued a “hold” rating and issued a $6.00 price objective on shares of Hecla Mining in a research report on Wednesday. Canaccord Genuity reissued a “hold” rating and issued a $5.00 price objective on shares of Hecla Mining in a research report on Thursday, September 7th. ValuEngine raised Hecla Mining from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. HC Wainwright reissued a “buy” rating and issued a $8.50 price objective on shares of Hecla Mining in a research report on Tuesday, August 29th. Finally, TheStreet lowered Hecla Mining from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Hecla Mining currently has an average rating of “Hold” and a consensus price target of $6.35.
Shares of Hecla Mining Company (HL) traded up 0.59% during mid-day trading on Friday, reaching $5.13. The company had a trading volume of 2,442,738 shares. The company has a market capitalization of $2.05 billion, a P/E ratio of 41.71 and a beta of 0.40. Hecla Mining Company has a 12-month low of $4.61 and a 12-month high of $7.64. The firm has a 50-day moving average of $5.11 and a 200-day moving average of $5.31.
Hecla Mining (NYSE:HL) last posted its 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). The firm had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $130.54 million. Hecla Mining had a return on equity of 2.56% and a net margin of 7.88%. The business’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, equities analysts anticipate that Hecla Mining Company will post $0.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd were issued a $0.0025 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.01 annualized dividend and a yield of 0.19%. Hecla Mining’s dividend payout ratio (DPR) is presently 7.69%.
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Hecla Mining 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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