ETF Managers Group LLC trimmed its position in Hecla Mining (NYSE:HL) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,543,121 shares of the basic materials company’s stock after selling 103,511 shares during the quarter. ETF Managers Group LLC owned approximately 0.39% of Hecla Mining worth $5,602,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in HL. Ceredex Value Advisors LLC acquired a new stake in Hecla Mining in the first quarter worth about $29,057,000. Millennium Management LLC acquired a new stake in Hecla Mining in the fourth quarter worth about $13,161,000. Old Mutual Global Investors UK Ltd. grew its position in shares of Hecla Mining by 40.5% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 3,349,211 shares of the basic materials company’s stock worth $12,291,000 after buying an additional 965,000 shares during the period. Van ECK Associates Corp grew its position in shares of Hecla Mining by 2.4% during the 1st quarter. Van ECK Associates Corp now owns 41,746,917 shares of the basic materials company’s stock worth $153,211,000 after buying an additional 960,494 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Hecla Mining during the 1st quarter worth about $2,655,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.
Hecla Mining stock opened at $3.93 on Wednesday. The stock has a market cap of $1.53 billion, a PE ratio of 39.30, a P/E/G ratio of 60.32 and a beta of 0.36. Hecla Mining has a 1 year low of $3.25 and a 1 year high of $5.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.16 and a quick ratio of 2.62.
Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, May 10th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Hecla Mining had a positive return on equity of 1.66% and a negative net margin of 7.32%. The company had revenue of $139.70 million during the quarter, compared to analyst estimates of $139.63 million. During the same period in the previous year, the company earned $0.04 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. equities analysts forecast that Hecla Mining will post 0.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 4th. Stockholders of record on Thursday, May 24th were issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Wednesday, May 23rd. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s payout ratio is 10.00%.
HL has been the subject of several analyst reports. HC Wainwright restated a “buy” rating and set a $7.50 target price on shares of Hecla Mining in a research report on Thursday, April 12th. B. Riley decreased their target price on Hecla Mining from $5.30 to $5.00 and set a “buy” rating for the company in a research report on Friday, May 11th. ValuEngine upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research report on Thursday, April 19th. BMO Capital Markets set a $5.00 target price on Hecla Mining and gave the stock a “hold” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research report on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $5.14.
About Hecla Mining
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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