Deutsche Bank AG Takes Position in Hecla Mining Company $HL

Deutsche Bank AG acquired a new stake in shares of Hecla Mining Company (NYSE:HL) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 186,652 shares of the basic materials company’s stock, valued at approximately $2,880,000.

Other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in shares of 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 acquiring an additional 631 shares in the last quarter. Sittner & Nelson LLC purchased a new stake in shares of Hecla Mining during the 4th quarter worth $29,000. Eurizon Capital SGR S.p.A. bought a new stake in Hecla Mining during the fourth quarter valued at about $31,000. Rothschild Investment LLC grew its stake in Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 781 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in Hecla Mining by 134.2% in 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 purchasing an additional 957 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Trading Down 0.7%

NYSE HL opened at $20.77 on Thursday. Hecla Mining Company has a 12-month low of $7.78 and a 12-month high of $34.17. The company has a fifty day simple moving average of $16.39 and a two-hundred day simple moving average of $18.22. The stock has a market cap of $13.95 billion, a P/E ratio of 42.39 and a beta of 1.32.

Hecla Mining (NYSE:HL) last released its 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 firm had revenue of $333.85 million during the quarter, compared to analyst estimates of $368.75 million. Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. Hecla Mining’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 earnings per share. As a group, sell-side analysts forecast that Hecla Mining Company will post 0.46 earnings per share for the current year.

Hecla Mining Announces Dividend

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

Wall Street Analyst Weigh In

HL has been the topic of a number of recent analyst reports. HC Wainwright lowered their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Scotiabank reduced their price objective on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Weiss Ratings raised shares of Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Jefferies Financial Group initiated coverage on Hecla Mining in a research report on Thursday, August 20th. They set a “hold” rating and a $22.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.82.

About Hecla Mining

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.