Hecla Mining Company $HL Holdings Increased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in shares of Hecla Mining Company (NYSE:HL) by 285.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 173,583 shares of the basic materials company’s stock after purchasing an additional 128,583 shares during the quarter. Hsbc Holdings PLC’s holdings in Hecla Mining were worth $3,211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HL. Lodestone Wealth Management LLC purchased a new stake in shares of Hecla Mining during the fourth quarter valued at $28,000. Quadrant Capital Group LLC increased its position in Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 631 shares during the last quarter. Sittner & Nelson LLC acquired a new position in shares of Hecla Mining during the 4th quarter worth $29,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Hecla Mining in the fourth quarter worth about $31,000. Finally, Rothschild Investment LLC lifted its stake in shares of Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after buying an additional 781 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HL shares. Scotiabank reduced their price objective on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, April 29th. HC Wainwright lowered their price objective on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Zacks Research upgraded Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Finally, Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.12.

Hecla Mining Price Performance

NYSE:HL opened at $15.12 on Friday. The company has a market cap of $10.14 billion, a P/E ratio of 36.87 and a beta of 1.29. Hecla Mining Company has a 52-week low of $5.62 and a 52-week high of $34.17. The stock’s 50-day simple moving average is $15.91 and its 200 day simple moving average is $19.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The firm had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. As a group, sell-side analysts forecast that Hecla Mining Company will post 0.47 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were paid a $0.0038 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio is 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.