Electrum Group LLC Invests $12.57 Million in Hecla Mining Company $HL

Electrum Group LLC acquired a new position in shares of Hecla Mining Company (NYSE:HL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 655,251 shares of the basic materials company’s stock, valued at approximately $12,574,000. Hecla Mining makes up approximately 1.1% of Electrum Group LLC’s investment portfolio, making the stock its 6th largest position.

Other hedge funds have also modified their holdings of the company. Lodestone Wealth Management LLC purchased a new position in shares of Hecla Mining during the 4th quarter worth approximately $28,000. Sittner & Nelson LLC purchased a new position in shares of Hecla Mining during the 4th quarter worth approximately $29,000. Rothschild Investment LLC increased its stake in shares of Hecla Mining by 93.5% during the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 781 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of Hecla Mining during the 4th quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Hecla Mining by 255.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 4,425 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HL. Weiss Ratings lowered shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. HC Wainwright decreased their target price on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Zacks Research lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hecla Mining has an average rating of “Hold” and a consensus price target of $22.25.

Hecla Mining Stock Down 2.7%

Shares of NYSE HL opened at $14.50 on Wednesday. Hecla Mining Company has a 1 year low of $5.47 and a 1 year high of $34.17. The firm’s 50 day moving average price is $18.17 and its 200 day moving average price is $20.05. The firm has a market cap of $9.72 billion, a P/E ratio of 35.35 and a beta of 1.25. 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 earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The firm had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. During the same quarter last year, the business posted $0.04 EPS. The firm’s revenue was up 57.4% compared to the same quarter last year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be issued a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, May 22nd. Hecla Mining’s dividend payout ratio (DPR) 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.