Securian Asset Management Inc. Buys New Holdings in Hecla Mining Company $HL

Securian Asset Management Inc. purchased a new position in shares of Hecla Mining Company (NYSE:HL) during the fourth quarter, HoldingsChannel reports. The firm purchased 48,835 shares of the basic materials company’s stock, valued at approximately $937,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lodestone Wealth Management LLC bought a new position in shares of Hecla Mining during the 4th quarter worth approximately $28,000. UMB Bank n.a. lifted its holdings 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 lifted its holdings 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 bought a new position in Hecla Mining during the third quarter worth $39,000. Finally, Banque Cantonale Vaudoise bought a new position in Hecla Mining during the third quarter worth $44,000. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. HC Wainwright dropped their price objective on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. BMO Capital Markets upped their price target on shares of Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Canaccord Genuity Group raised shares of 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. Roth Mkm set a $13.00 price objective on shares of Hecla Mining in a research report on Wednesday, February 18th. Finally, Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.25.

Hecla Mining Trading Up 2.3%

Shares of NYSE:HL opened at $21.04 on Thursday. Hecla Mining Company has a 12-month low of $4.68 and a 12-month high of $34.17. The stock has a market cap of $14.11 billion, a PE ratio of 51.31 and a beta of 1.26. The business has a 50 day moving average of $19.14 and a 200-day moving average of $19.59. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The firm had revenue of $411.43 million for the quarter, compared to the consensus estimate of $407.63 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The company’s revenue was up 57.4% on a year-over-year basis. As a group, equities research analysts forecast that Hecla Mining Company will post 0.93 earnings per share for the current year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, May 22nd. Hecla Mining’s payout ratio is currently 2.44%.

Hecla Mining 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.