Vise Technologies Inc. Invests $450,000 in Hecla Mining Company $HL

Vise Technologies Inc. purchased a new position in shares of Hecla Mining Company (NYSE:HL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,166 shares of the basic materials company’s stock, valued at approximately $450,000.

A number of other institutional investors have also recently bought and sold shares of HL. CWM LLC raised its position in shares of Hecla Mining by 1.4% in the fourth quarter. CWM LLC now owns 31,853 shares of the basic materials company’s stock valued at $611,000 after purchasing an additional 434 shares during the period. Parallel Advisors LLC grew its stake in Hecla Mining by 33.9% in the 4th quarter. Parallel Advisors LLC now owns 2,011 shares of the basic materials company’s stock valued at $39,000 after buying an additional 509 shares during the last quarter. Root Financial Partners LLC grew its stake in Hecla Mining by 26.9% in the 1st quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock valued at $47,000 after buying an additional 538 shares during the last quarter. Quadrant Capital Group LLC raised its holdings 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 valued at $28,000 after acquiring an additional 631 shares during the period. Finally, Toronto Dominion Bank raised its holdings in Hecla Mining by 5.4% in the 4th quarter. Toronto Dominion Bank now owns 12,494 shares of the basic materials company’s stock valued at $239,000 after acquiring an additional 644 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Down 1.6%

NYSE:HL opened at $20.39 on Tuesday. Hecla Mining Company has a twelve month low of $7.78 and a twelve month high of $34.17. The stock’s 50-day simple moving average is $16.21 and its 200 day simple moving average is $18.24. The firm has a market capitalization of $13.69 billion, a PE ratio of 41.60 and a beta of 1.32.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $333.85 million for the quarter, compared to the consensus estimate of $368.75 million. Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. On average, analysts anticipate 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. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.0038 per share. The ex-dividend date is Wednesday, August 26th. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is 2.04%.

Analysts Set New Price Targets

HL has been the topic of a number of recent research reports. Weiss Ratings upgraded Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. HC Wainwright lowered their price objective 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. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, April 29th. Finally, Jefferies Financial Group began coverage on shares of Hecla Mining in a research note on Thursday. They issued a “hold” rating and a $22.00 price target on the stock. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.82.

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.