Baird Financial Group Inc. Invests $150,000 in Hecla Mining (NYSE:HL)

Baird Financial Group Inc. acquired a new position in shares of Hecla Mining (NYSE:HLGet Rating) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 38,453 shares of the basic materials company’s stock, valued at approximately $150,000.

A number of other hedge funds have also recently added to or reduced their stakes in HL. State Street Corp increased its stake in Hecla Mining by 23.3% during the 1st quarter. State Street Corp now owns 31,925,189 shares of the basic materials company’s stock worth $209,748,000 after acquiring an additional 6,033,244 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Hecla Mining by 325.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,801,009 shares of the basic materials company’s stock valued at $44,682,000 after purchasing an additional 5,202,053 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Hecla Mining by 7.5% in the 1st quarter. Van ECK Associates Corp now owns 50,451,450 shares of the basic materials company’s stock valued at $331,466,000 after purchasing an additional 3,534,118 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of Hecla Mining by 904.4% in the 1st quarter. Jupiter Asset Management Ltd. now owns 3,662,422 shares of the basic materials company’s stock valued at $24,062,000 after purchasing an additional 3,297,791 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Hecla Mining by 33.0% in the 1st quarter. Renaissance Technologies LLC now owns 5,176,465 shares of the basic materials company’s stock valued at $34,009,000 after purchasing an additional 1,285,800 shares in the last quarter. Institutional investors own 60.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HL shares. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and raised their target price for the company from $4.75 to $5.00 in a report on Wednesday, October 19th. B. Riley reduced their target price on Hecla Mining from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. StockNews.com started coverage on Hecla Mining in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. BMO Capital Markets reduced their target price on Hecla Mining from $5.25 to $4.75 and set a “market perform” rating on the stock in a report on Friday, September 9th. Finally, Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and raised their price objective for the company from $4.75 to $5.00 in a report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.88.

Hecla Mining Trading Up 0.8 %

NYSE HL opened at $5.21 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.76 and a debt-to-equity ratio of 0.28. Hecla Mining has a twelve month low of $3.41 and a twelve month high of $7.66. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -130.22 and a beta of 1.95. The business’s fifty day moving average is $4.46 and its 200 day moving average is $4.36.

Hecla Mining Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Friday, November 25th will be issued a dividend of $0.004 per share. This represents a $0.02 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, November 23rd. Hecla Mining’s payout ratio is presently -74.98%.

Hecla Mining Profile

(Get Rating)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold.

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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