Royce & Associates LP Has $2,522,000 Stake in Hecla Mining Company (HL)
Royce & Associates LP maintained its 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 & Exchange Commission. The institutional investor owned 494,600 shares of the basic materials company’s stock at the close of the second quarter. Royce & Associates LP owned approximately 0.12% of Hecla Mining worth $2,522,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. raised its stake in Hecla Mining by 25,993.9% during the 1st quarter. BlackRock Inc. now owns 25,056,653 shares of the basic materials company’s stock valued at $132,549,000 after purchasing an additional 24,960,628 shares during the period. Clinton Group Inc. raised its stake in Hecla Mining by 27.2% during the 1st quarter. Clinton Group Inc. now owns 127,982 shares of the basic materials company’s stock valued at $677,000 after purchasing an additional 27,349 shares during the period. Cibc World Markets Corp acquired a new stake in Hecla Mining during the 1st quarter valued at $323,000. Vanguard Group Inc. raised its stake in Hecla Mining by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 31,844,025 shares of the basic materials company’s stock valued at $168,455,000 after purchasing an additional 1,458,387 shares during the period. Finally, Merriman Wealth Management LLC raised its stake in Hecla Mining by 1.8% during the 2nd quarter. Merriman Wealth Management LLC now owns 867,405 shares of the basic materials company’s stock valued at $4,424,000 after purchasing an additional 14,940 shares during the period. 59.36% of the stock is currently owned by institutional investors.
HL has been the topic of several recent analyst reports. BidaskClub downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. ValuEngine downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Canaccord Genuity reissued a “hold” rating and set a $5.00 target price on shares of Hecla Mining in a research note on Thursday, September 7th. HC Wainwright reissued a “buy” rating and set a $8.00 target price on shares of Hecla Mining in a research note on Sunday, June 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $6.00 target price on shares of Hecla Mining in a research note on Tuesday, May 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.43.
Hecla Mining Company (NYSE:HL) opened at 5.13 on Tuesday. Hecla Mining Company has a 1-year low of $4.61 and a 1-year high of $7.64. The firm has a market capitalization of $2.05 billion, a P/E ratio of 41.71 and a beta of 0.40. The stock has a 50 day moving average of $5.15 and a 200-day moving average of $5.33.
Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.05. Hecla Mining had a return on equity of 2.56% and a net margin of 7.88%. The firm had revenue of $134.30 million for the quarter, compared to the consensus estimate of $130.54 million. During the same period in the prior year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was down 21.6% compared to the same quarter last year. On average, equities research analysts anticipate that Hecla Mining Company will post $0.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd were issued a dividend of $0.0025 per share. The ex-dividend date was Monday, August 21st. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.19%. Hecla Mining’s payout ratio is 7.69%.
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Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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