Hecla Mining Company $HL Shares Newly Acquired by Plancorp LLC

Plancorp LLC bought a new stake in shares of Hecla Mining Company (NYSE:HL) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 49,871 shares of the basic materials company’s stock, valued at approximately $849,000.

A number of other large investors also recently made changes to their positions in HL. EFG International AG acquired a new stake in shares of Hecla Mining during the second quarter worth approximately $36,000. International Assets Investment Management LLC grew its position in Hecla Mining by 154.6% during the first quarter. International Assets Investment Management LLC now owns 2,470 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 1,500 shares in the last quarter. Trust Co. of Vermont acquired a new position in Hecla Mining in the 2nd quarter valued at approximately $39,000. Bullseye Investment Management LLC acquired a new position in Hecla Mining in the 2nd quarter valued at approximately $42,000. Finally, Root Financial Partners LLC acquired a new position in Hecla Mining in the 3rd quarter valued at approximately $47,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of Hecla Mining to a “hold” rating in a research note on Friday, July 17th. 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. Scotiabank dropped their price target on shares of Hecla Mining from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Royal Bank Of Canada cut their price objective on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, September 16th. Finally, Weiss Ratings cut Hecla Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned 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 $23.22.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $14.72 on Friday. The business has a 50 day simple moving average of $17.04 and a 200 day simple moving average of $18.43. Hecla Mining Company has a 52 week low of $12.80 and a 52 week high of $34.17. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 26.29 and a beta of 1.44.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08. The firm had revenue of $394.82 million for the quarter, compared to analyst estimates of $340.10 million. Hecla Mining had a net margin of 24.11% and a return on equity of 20.94%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. On average, analysts predict that Hecla Mining Company will post 0.46 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.0037 per share. The ex-dividend date is Monday, November 23rd. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is 1.79%.

Hecla Mining Company Profile

Hecla Mining Company is a precious-metals mining company founded in 1891 and headquartered in Coeur d’Alene, Idaho. It explores for, develops and operates mines producing silver and gold, with lead and zinc recovered as byproducts at some operations.

Hecla’s mining operations are located in the United States and Canada, including the Greens Creek mine in Alaska, the Lucky Friday mine in Idaho, the Keno Hill silver district in Yukon and the Casa Berardi gold mine in Quebec.