Landscape Capital Management L.L.C. Invests $2.51 Million in Hecla Mining Company $HL

Landscape Capital Management L.L.C. bought a new position in Hecla Mining Company (NYSE:HL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 162,580 shares of the basic materials company’s stock, valued at approximately $2,509,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after buying an additional 631 shares during the last quarter. Sittner & Nelson LLC purchased a new stake in Hecla Mining in the fourth quarter worth approximately $29,000. Rothschild Investment LLC grew its position in Hecla Mining by 93.5% during the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 781 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Hecla Mining during the fourth quarter valued at approximately $31,000. Finally, CIBC Private Wealth Group LLC grew its position in Hecla Mining by 134.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 957 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Down 0.2%

Shares of HL opened at $20.78 on Friday. The stock has a market capitalization of $13.96 billion, a P/E ratio of 42.41 and a beta of 1.32. The firm has a fifty day simple moving average of $16.14 and a two-hundred day simple moving average of $18.28. Hecla Mining Company has a twelve month low of $7.57 and a twelve month high of $34.17.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The firm had revenue of $333.85 million for the quarter, compared to the consensus estimate of $368.75 million. During the same period last year, the company posted $0.09 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts expect that Hecla Mining Company will post 0.46 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a $0.0038 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 26th. Hecla Mining’s dividend payout ratio is presently 2.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. HC Wainwright cut their price objective on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Zacks Research raised shares of Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Scotiabank cut their price target on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Finally, Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.82.

Hecla Mining Company 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.