Hecla Mining Company $HL Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. grew its position in shares of Hecla Mining Company (NYSE:HL) by 16.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,849 shares of the basic materials company’s stock after purchasing an additional 33,782 shares during the period. Navellier & Associates Inc.’s holdings in Hecla Mining were worth $3,778,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HL. Quadrant Capital Group LLC raised its holdings in shares of 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 valued at $28,000 after buying an additional 631 shares during the period. Sittner & Nelson LLC acquired a new position in Hecla Mining during the 4th quarter worth about $29,000. Rothschild Investment LLC boosted its holdings in Hecla Mining by 93.5% during the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 781 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in Hecla Mining during the 4th quarter valued at about $31,000. Finally, CIBC Private Wealth Group LLC grew its position in Hecla Mining by 134.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 957 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Trading Down 4.6%

NYSE:HL opened at $20.45 on Friday. The firm has a market cap of $13.74 billion, a PE ratio of 41.73 and a beta of 1.32. The stock has a fifty day moving average price of $16.59 and a 200 day moving average price of $18.22. Hecla Mining Company has a 12-month low of $8.07 and a 12-month high of $34.17.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The company had revenue of $333.85 million for the quarter, compared to analyst estimates of $368.75 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts forecast that Hecla Mining Company will post 0.46 EPS for the current year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.0038 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $0.01 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is 2.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HL. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. 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 note on Wednesday, May 6th. Zacks Research raised shares of Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Jefferies Financial Group initiated coverage on shares of Hecla Mining in a report on Thursday, August 20th. They issued a “hold” rating and a $22.00 price objective for the company. Finally, Weiss Ratings raised shares of Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Hecla Mining currently has an average rating of “Hold” and an average target price of $23.82.

About Hecla Mining

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.