Hecla Mining (NYSE:HL) Holdings Decreased by Banque Cantonale Vaudoise

Posted by Defense World Staff on Jul 5th, 2023

Banque Cantonale Vaudoise decreased its holdings in shares of Hecla Mining (NYSE:HL – Free Report) by 6.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,777 shares of the basic materials company’s stock after selling 5,114 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Hecla Mining were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of HL. Newbridge Financial Services Group Inc. grew its holdings in shares of Hecla Mining by 200.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 4,500 shares of the basic materials company’s stock valued at $25,000 after buying an additional 3,000 shares in the last quarter. Captrust Financial Advisors boosted its position in Hecla Mining by 104.3% during the second quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 4,932 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Hecla Mining during the second quarter valued at $40,000. Nomura Holdings Inc. acquired a new stake in Hecla Mining during the second quarter valued at $45,000. Finally, Belpointe Asset Management LLC acquired a new stake in Hecla Mining during the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 59.30% of the company’s stock.

Wall Street Analyst Weigh In

HL has been the subject of a number of research reports. National Bank Financial initiated coverage on Hecla Mining in a research report on Tuesday, June 27th. They set an “outperform” rating and a $7.50 price objective for the company. Cantor Fitzgerald cut Hecla Mining from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. National Bankshares set a $7.50 price objective on Hecla Mining and gave the company an “outperform” rating in a research report on Wednesday, June 28th. HC Wainwright boosted their price target on Hecla Mining from $7.00 to $8.25 and gave the stock a “buy” rating in a research report on Friday, April 14th. Finally, Roth Capital cut Hecla Mining from a “buy” rating to a “neutral” rating in a research report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Hecla Mining has an average rating of “Hold” and a consensus target price of $6.47.

Hecla Mining Price Performance

Shares of HL opened at $5.30 on Wednesday. Hecla Mining has a 12-month low of $3.41 and a 12-month high of $7.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 1.48. The stock’s 50-day moving average price is $5.45 and its 200 day moving average price is $5.70.

Hecla Mining (NYSE:HL – Free Report) last issued its quarterly earnings results on Wednesday, May 10th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Hecla Mining had a positive return on equity of 1.52% and a negative net margin of 6.10%. The firm had revenue of $199.50 million for the quarter, compared to analyst estimates of $198.42 million. On average, analysts predict that Hecla Mining will post 0.08 earnings per share for the current year.

Hecla Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Monday, May 22nd were paid a $0.0063 dividend. The ex-dividend date of this dividend was Friday, May 19th. This represents a $0.03 annualized dividend and a dividend yield of 0.47%. Hecla Mining’s dividend payout ratio is currently -33.33%.

Hecla Mining Company Profile

(Free Report)

Hecla Mining Company, together with its subsidiaries, provides 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.