Vident Advisory LLC Acquires Shares of 15,016 Hecla Mining Company $HL

Vident Advisory LLC acquired a new stake in Hecla Mining Company (NYSE:HL) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,016 shares of the basic materials company’s stock, valued at approximately $83,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its stake in Hecla Mining by 13.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,883 shares of the basic materials company’s stock worth $93,000 after acquiring an additional 2,169 shares during the period. Ameriprise Financial Inc. lifted its stake in Hecla Mining by 10.7% in the fourth quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 2,457 shares during the period. Xponance Inc. lifted its stake in Hecla Mining by 5.9% in the first quarter. Xponance Inc. now owns 45,092 shares of the basic materials company’s stock worth $251,000 after acquiring an additional 2,525 shares during the period. Choreo LLC raised its holdings in Hecla Mining by 16.3% in the first quarter. Choreo LLC now owns 21,561 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 3,018 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Hecla Mining in the first quarter worth about $31,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Stock Performance

HL opened at $11.14 on Friday. Hecla Mining Company has a 52-week low of $4.46 and a 52-week high of $11.38. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23. The company has a market cap of $7.46 billion, a P/E ratio of 69.63 and a beta of 1.29. The firm’s 50-day moving average price is $7.26 and its 200-day moving average price is $6.13.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The firm had revenue of $304.03 million for the quarter, compared to the consensus estimate of $248.93 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. As a group, equities analysts anticipate that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

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

Analyst Ratings Changes

HL has been the subject of a number of recent research reports. National Bank Financial upgraded shares of Hecla Mining to a “hold” rating in a report on Thursday, June 12th. BMO Capital Markets boosted their price objective on shares of Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Roth Capital reiterated a “neutral” rating on shares of Hecla Mining in a research note on Thursday, August 7th. CIBC boosted their price objective on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.