Hecla Mining Company $HL Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. boosted its holdings in Hecla Mining Company (NYSE:HL) by 16.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 244,849 shares of the basic materials company’s stock after purchasing an additional 33,782 shares during the quarter. Navellier & Associates Inc.’s holdings in Hecla Mining were worth $3,778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HL. Quadrant Capital Group LLC lifted its holdings in Hecla Mining by 74.3% during 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 acquired a new position in shares of Hecla Mining during the 4th quarter worth about $29,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Hecla Mining in the 4th quarter valued at about $31,000. Rothschild Investment LLC increased its holdings in shares of Hecla Mining by 93.5% in the 4th 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. Finally, CIBC Private Wealth Group LLC raised its position in shares of Hecla Mining by 134.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 957 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Stock Performance

Shares of HL stock opened at $20.45 on Friday. The stock’s 50-day moving average is $16.59 and its two-hundred day moving average is $18.22. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 41.73 and a beta of 1.32. Hecla Mining Company has a 1 year low of $8.07 and a 1 year high of $34.17.

Hecla Mining (NYSE:HL) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The firm had revenue of $333.85 million for the quarter, compared to analyst estimates of $368.75 million. During the same quarter last year, the firm posted $0.09 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, research analysts predict that Hecla Mining Company will post 0.46 EPS for the current year.

Hecla Mining Dividend Announcement

The company 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 dividend of $0.0038 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, August 26th. Hecla Mining’s dividend payout ratio (DPR) is currently 2.04%.

Wall Street Analyst Weigh In

HL has been the subject of several recent analyst reports. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Jefferies Financial Group assumed coverage on shares of Hecla Mining in a research note on Thursday, August 20th. They issued a “hold” rating and a $22.00 price target 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 on the stock in a report on Wednesday, May 6th. Scotiabank cut their price objective on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Two 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.