Commerzbank Aktiengesellschaft FI raised its holdings in Hecla Mining Company (NYSE:HL) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 472,765 shares of the basic materials company’s stock after purchasing an additional 14,566 shares during the quarter. Commerzbank Aktiengesellschaft FI owned approximately 0.12% of Hecla Mining worth $2,373,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Hecla Mining by 0.9% during the second quarter. Vanguard Group Inc. now owns 32,132,844 shares of the basic materials company’s stock worth $163,877,000 after acquiring an additional 288,819 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in Hecla Mining by 73.8% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,504,211 shares of the basic materials company’s stock valued at $7,671,000 after purchasing an additional 638,721 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Hecla Mining in the second quarter valued at about $377,000. JPMorgan Chase & Co. increased its holdings in Hecla Mining by 2,590.3% in the second quarter. JPMorgan Chase & Co. now owns 1,073,878 shares of the basic materials company’s stock valued at $5,477,000 after purchasing an additional 1,033,961 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in Hecla Mining by 6.0% in the second quarter. Teachers Advisors LLC now owns 710,279 shares of the basic materials company’s stock valued at $3,622,000 after purchasing an additional 40,511 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.
In other Hecla Mining news, Director George R. Nethercutt, Jr. sold 62,500 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $5.24, for a total value of $327,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.
Hecla Mining (NYSE:HL) last posted its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The firm had revenue of $140.80 million during the quarter, compared to analysts’ expectations of $151.32 million. During the same period in the previous year, the firm earned $0.07 earnings per share. The company’s revenue was down 21.5% on a year-over-year basis. equities analysts expect that Hecla Mining Company will post 0.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st were paid a $0.0025 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.01 dividend on an annualized basis and a yield of 0.28%. Hecla Mining’s payout ratio is 16.67%.
A number of research firms recently commented on HL. Canaccord Genuity upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a report on Tuesday, November 14th. BMO Capital Markets reiterated a “hold” rating and issued a $6.00 price objective on shares of Hecla Mining in a report on Wednesday, September 20th. B. Riley upgraded Hecla Mining from a “neutral” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Thursday, November 30th. HC Wainwright reiterated a “buy” rating and issued a $8.50 price objective on shares of Hecla Mining in a report on Friday, November 3rd. Finally, Cantor Fitzgerald began coverage on Hecla Mining in a report on Monday. They issued a “buy” rating and a $5.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Hecla Mining currently has an average rating of “Hold” and a consensus target price of $5.75.
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Hecla Mining Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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