RFG Advisory LLC Invests $1.47 Million in Hecla Mining Company $HL

RFG Advisory LLC purchased a new position in Hecla Mining Company (NYSE:HL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 76,662 shares of the basic materials company’s stock, valued at approximately $1,471,000.

A number of other hedge funds have also made changes to their positions in HL. Van ECK Associates Corp lifted its position in shares of Hecla Mining by 32.4% in the third quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock worth $603,566,000 after purchasing an additional 12,197,740 shares in the last quarter. Vanguard Group Inc. increased its holdings in Hecla Mining by 13.4% in the third quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock worth $863,324,000 after buying an additional 8,452,401 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Hecla Mining by 38.0% during the third 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 acquiring an additional 6,472,566 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Hecla Mining by 577.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,808,787 shares of the basic materials company’s stock valued at $82,386,000 after acquiring an additional 5,804,298 shares in the last quarter. Finally, State Street Corp raised its position in Hecla Mining by 14.8% during the third quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock valued at $417,278,000 after acquiring an additional 4,453,706 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, January 27th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, April 29th. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday. Canadian Imperial Bank of Commerce raised their price objective on shares of Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, Zacks Research lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.25.

Hecla Mining Price Performance

Shares of HL opened at $18.61 on Friday. The firm has a market cap of $12.48 billion, a PE ratio of 45.40 and a beta of 1.26. The firm’s 50 day moving average price is $19.47 and its 200 day moving average price is $19.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.22 and a current ratio of 4.94. Hecla Mining Company has a twelve month low of $4.68 and a twelve month high of $34.17.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The company had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. During the same quarter last year, the business earned $0.04 EPS. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, research analysts expect that Hecla Mining Company will post 0.67 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be given a $0.0038 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is currently 2.44%.

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.