Royal Bank of Canada Decreases Stock Holdings in Hecla Mining Company $HL

Royal Bank of Canada lowered its holdings in shares of Hecla Mining Company (NYSE:HL) by 46.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,531 shares of the basic materials company’s stock after selling 100,957 shares during the quarter. Royal Bank of Canada’s holdings in Hecla Mining were worth $2,171,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Quadrant Capital Group LLC grew its position in Hecla Mining by 74.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 631 shares in the last quarter. Sittner & Nelson LLC purchased a new stake in Hecla Mining during the fourth quarter valued at approximately $29,000. Rothschild Investment LLC lifted its stake in shares of Hecla Mining by 93.5% in the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 781 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $31,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of 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 worth $32,000 after purchasing an additional 957 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Trading Up 2.7%

NYSE:HL opened at $18.87 on Tuesday. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 38.51 and a beta of 1.32. Hecla Mining Company has a twelve month low of $7.40 and a twelve month high of $34.17. The stock has a fifty day simple moving average of $15.71 and a 200-day simple moving average of $18.38.

Hecla Mining (NYSE:HL) last released its quarterly earnings data 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). The firm had revenue of $333.85 million for the quarter, compared to analysts’ expectations of $368.75 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 earnings per share. As a group, equities research analysts predict that Hecla Mining Company will post 0.47 EPS for the current fiscal year.

Hecla Mining Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on HL shares. HC Wainwright decreased their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. 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. Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a report on Friday, July 17th. Finally, Scotiabank dropped their price target on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hecla Mining currently has an average rating of “Hold” and a consensus price target of $24.12.

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.