HTLF Bank Invests $130,000 in Hecla Mining (NYSE:HL)

HTLF Bank purchased a new position in shares of Hecla Mining (NYSE:HL) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 26,965 shares of the basic materials company’s stock, valued at approximately $130,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HL. State Street Corp grew its stake in shares of 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 stake in 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 worth $44,682,000 after purchasing an additional 5,202,053 shares during the period. Norges Bank bought a new position in Hecla Mining in the 4th quarter worth about $16,808,000. Ameriprise Financial Inc. boosted its stake in Hecla Mining by 1,189.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,991,309 shares of the basic materials company’s stock worth $18,935,000 after purchasing an additional 2,759,311 shares during the period. Finally, UBS Group AG boosted its stake in Hecla Mining by 120.8% in the 1st quarter. UBS Group AG now owns 370,662 shares of the basic materials company’s stock worth $2,346,000 after purchasing an additional 2,151,875 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. National Bank Financial restated an “outperform market weight” rating on shares of Hecla Mining in a research note on Monday, April 8th. Roth Mkm raised their target price on Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Finally, StockNews.com upgraded Hecla Mining to a “sell” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Hecla Mining presently has a consensus rating of “Moderate Buy” and an average price target of $6.68.

Hecla Mining Stock Performance

NYSE:HL opened at $5.31 on Friday. The business’s 50-day moving average price is $4.38 and its two-hundred day moving average price is $4.35. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $6.41. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.33.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $160.69 million for the quarter, compared to analysts’ expectations of $151.51 million. Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. The business’s quarterly revenue was down 17.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. As a group, equities research analysts predict that Hecla Mining will post 0.02 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were issued a dividend of $0.006 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.45%. Hecla Mining’s dividend payout ratio is -20.00%.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.