EP Wealth Advisors LLC Has $236,000 Stake in Hecla Mining Company $HL

EP Wealth Advisors LLC increased its position in Hecla Mining Company (NYSE:HL) by 43.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,518 shares of the basic materials company’s stock after purchasing an additional 12,851 shares during the period. EP Wealth Advisors LLC’s holdings in Hecla Mining were worth $236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Focus Partners Advisor Solutions LLC raised its holdings in Hecla Mining by 10.9% during the first quarter. Focus Partners Advisor Solutions LLC now owns 21,657 shares of the basic materials company’s stock worth $120,000 after buying an additional 2,135 shares during the last quarter. Graham Capital Management L.P. increased its position in shares of Hecla Mining by 106.2% during the first quarter. Graham Capital Management L.P. now owns 372,465 shares of the basic materials company’s stock worth $2,071,000 after acquiring an additional 191,853 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of Hecla Mining in the 1st quarter worth about $54,000. OLD Mission Capital LLC bought a new position in Hecla Mining in the 1st quarter valued at about $83,000. Finally, Vident Advisory LLC acquired a new position in Hecla Mining during the 1st quarter valued at about $83,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Up 0.6%

Shares of NYSE:HL opened at $10.18 on Wednesday. The company has a market capitalization of $6.82 billion, a PE ratio of 63.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.67 and a quick ratio of 1.99. The business has a fifty day moving average price of $7.06 and a two-hundred day moving average price of $6.05. Hecla Mining Company has a 1 year low of $4.46 and a 1 year high of $10.28.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The company had revenue of $304.03 million for the quarter, compared to the consensus estimate of $248.93 million. During the same period in the previous year, the firm earned $0.02 EPS. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. Analysts forecast that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, August 22nd. Hecla Mining’s dividend payout ratio is 6.25%.

Analyst Ratings Changes

A number of analysts have commented on the company. Roth Capital reissued a “neutral” rating on shares of Hecla Mining in a report on Thursday, August 7th. CIBC upped their price target on Hecla Mining from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. National Bankshares set a $7.00 price target on Hecla Mining in a research report on Friday, June 13th. HC Wainwright lifted their price objective on shares of Hecla Mining from $11.50 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Hecla Mining has a consensus rating of “Hold” and an average target price of $7.36.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.