57,441 Shares in Hecla Mining Company $HL Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC bought a new position in Hecla Mining Company (NYSE:HL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,441 shares of the basic materials company’s stock, valued at approximately $1,102,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lodestone Wealth Management LLC bought a new position in shares of Hecla Mining in the fourth quarter worth approximately $28,000. UMB Bank n.a. boosted its stake in Hecla Mining by 2,390.0% during the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 2,390 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Hecla Mining by 255.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 4,425 shares during the last quarter. MAI Capital Management purchased a new stake in Hecla Mining during the 3rd quarter valued at $39,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Hecla Mining during the 3rd quarter valued at $44,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Trading Down 5.3%

Shares of HL stock opened at $16.34 on Wednesday. Hecla Mining Company has a 12-month low of $4.90 and a 12-month high of $34.17. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $18.86 and its 200 day moving average is $19.73. The stock has a market capitalization of $10.96 billion, a P/E ratio of 39.86 and a beta of 1.26.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The company had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. During the same quarter in the prior year, the business posted $0.04 EPS. The company’s revenue for the quarter was up 57.4% compared to the same quarter last year. Research analysts expect that Hecla Mining Company will post 0.93 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be issued 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 yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.44%.

Analysts Set New Price Targets

HL has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Canadian Imperial Bank of Commerce upped their price target on Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Zacks Research downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, April 29th. Finally, Roth Mkm set a $13.00 price target on Hecla Mining in a report on Wednesday, February 18th. Two 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.25.

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.