Leonteq Securities AG Takes Position in Hecla Mining Company $HL

Leonteq Securities AG acquired a new stake in Hecla Mining Company (NYSE:HL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 76,540 shares of the basic materials company’s stock, valued at approximately $1,469,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Hecla Mining by 13.4% in the 3rd quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock valued at $863,324,000 after purchasing an additional 8,452,401 shares during the period. Van ECK Associates Corp grew its stake in shares of Hecla Mining by 32.4% in the 3rd quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock valued at $603,566,000 after purchasing an additional 12,197,740 shares during the period. State Street Corp grew its stake in shares of Hecla Mining by 14.8% in the 3rd quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock valued at $417,278,000 after purchasing an additional 4,453,706 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hecla Mining by 38.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock valued at $284,651,000 after purchasing an additional 6,472,566 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of Hecla Mining by 14.7% in the 2nd quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock valued at $120,509,000 after purchasing an additional 2,574,855 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Stock Up 0.7%

NYSE HL opened at $17.31 on Friday. The firm has a market cap of $11.61 billion, a PE ratio of 42.22 and a beta of 1.26. Hecla Mining Company has a one year low of $4.93 and a one year high of $34.17. The stock’s 50 day simple moving average is $18.69 and its 200 day simple moving average is $19.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The business had revenue of $411.43 million for the quarter, compared to the consensus estimate of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The firm’s revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share. As a group, sell-side analysts forecast that Hecla Mining Company will post 0.93 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.0038 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.44%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce upped their price objective on Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. HC Wainwright decreased their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Roth Mkm set a $13.00 price target on Hecla Mining in a research report on Wednesday, February 18th. Scotiabank increased their price target on Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Finally, Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Hecla Mining has an average rating of “Hold” and a consensus price target of $22.25.

Hecla Mining 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.