Hecla Mining Company $HL Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in Hecla Mining Company (NYSE:HL) by 42.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,898 shares of the basic materials company’s stock after purchasing an additional 66,589 shares during the quarter. Intech Investment Management LLC’s holdings in Hecla Mining were worth $4,258,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new stake in Hecla Mining during the 4th quarter worth approximately $28,000. Tucker Asset Management LLC acquired a new stake in Hecla Mining during the 4th quarter worth approximately $38,000. Clearstead Advisors LLC lifted its position in Hecla Mining by 462.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,227 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 1,831 shares during the period. UMB Bank n.a. lifted its position 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 worth $30,000 after acquiring an additional 2,390 shares during the period. Finally, Stone House Investment Management LLC lifted its position in Hecla Mining by 449.0% during the 4th quarter. Stone House Investment Management LLC now owns 2,811 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 2,299 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on HL. HC Wainwright decreased their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, April 29th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Roth Mkm set a $13.00 price objective on Hecla Mining in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.25.

Hecla Mining Stock Performance

NYSE HL opened at $17.56 on Tuesday. The business has a 50 day moving average price of $18.38 and a 200 day moving average price of $19.99. The company has a market capitalization of $11.78 billion, a P/E ratio of 42.82 and a beta of 1.25. Hecla Mining Company has a 1-year low of $5.28 and a 1-year high of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53.

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 the consensus estimate of $0.27 by ($0.03). The firm had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. Sell-side analysts expect that Hecla Mining Company will post 0.93 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 22nd will be issued a dividend of $0.0038 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.02 annualized dividend and a yield of 0.1%. 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.