Creative Planning Increases Stake in Hecla Mining by 10% During Strong Third Quarter Performance
November 6, 2024
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Hecla Mining ($NYSE:HL) is a leading silver and gold mining company, headquartered in Coeur d’Alene, Idaho. Hecla Mining is known for its strong operational performance and commitment to responsible mining practices. This growth was driven by the company’s strong financial performance, which was reflected in the latest 13F filing. 13F filings are required by the Securities and Exchange Commission (SEC) and provide investors with insight into the holdings of institutional investors like Creative Planning. Creative Planning, a leading wealth management firm based in Kansas, increased its stake in Hecla Mining during the third quarter. This represents a 10.0% increase from the previous quarter and shows a strong vote of confidence in the company’s performance.
Hecla Mining has also made significant progress in its exploration efforts, with encouraging results from its projects in Nevada and Alaska. This has further bolstered investor confidence and led to the increase in the company’s stock price. Furthermore, Hecla Mining has a strong balance sheet with low debt and healthy cash reserves, positioning it well for future growth and investment opportunities. As the demand for precious metals continues to rise, Hecla Mining is well-positioned to capitalize on the market and generate returns for its investors.
Analysis
As an analyst at GoodWhale, I have thoroughly evaluated HECLA MINING‘s fundamentals, and I have drawn some key insights from my analysis. Firstly, based on our Star Chart, HECLA MINING has an intermediate health score of 6/10. This indicates that the company has a decent cash flow and manageable debt, which makes it likely to sustain its operations even in times of crisis. This is a positive sign for potential investors as it shows the company’s financial stability. Moreover, when it comes to specific aspects of HECLA MINING’s fundamentals, we can see that the company is strong in terms of paying dividends. This means that it has a track record of consistently providing dividends to its shareholders, which can be attractive to income-seeking investors. On the other hand, the company ranks medium in terms of its assets and weak in growth and profitability. This suggests that while HECLA MINING may have stable financials, it may not be a top performer in terms of growth and profitability. Based on our analysis, we have classified HECLA MINING as a ‘cow’ type of company. This means that it has a history of paying out consistent and sustainable dividends to its shareholders. This may be appealing to investors who prioritize receiving dividends over growth potential. It is important to note that this classification is not indicative of the company’s overall success or failure, but rather a way to identify its dividend-paying behavior. Overall, I believe that investors looking for stable and consistent dividend-paying companies may be interested in HECLA MINING. However, those seeking high growth or profitability may not find it as appealing. As an analyst, it is my responsibility to provide a thorough evaluation of a company’s fundamentals so that investors can make informed decisions based on their individual investment goals and risk tolerance. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hecla Mining. More…
| Total Revenues | Net Income | Net Margin |
| 720.23 | -84.77 | -2.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hecla Mining. More…
| Operations | Investing | Financing |
| 75.5 | -231.29 | 156.33 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hecla Mining. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.01k | 1.04k | 3.15 |
Key Ratios Snapshot
Some of the financial key ratios for Hecla Mining are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.3% | -22.8% | -5.5% |
| FCF Margin | ROE | ROA |
| -20.6% | -1.3% | -0.8% |
Peers
The company was founded in 1891 and is one of the oldest continuously operating silver mining companies in the world. Hecla Mining Co’s main competitors are SSR Mining Inc, Great Panther Mining Ltd, and First Majestic Silver Corp.
– SSR Mining Inc ($TSX:SSRM)
The company’s market capitalization is $3.71 billion as of 2022, and its return on equity is 6.57%. The company is engaged in the business of mining, exploring and developing mineral properties.
– Great Panther Mining Ltd ($TSX:GPR)
First Majestic Silver Corp is a Canadian precious metals mining company with operations in Mexico. The company has a market capitalization of $2.91 billion as of 2022 and a return on equity of 0.14%. First Majestic Silver Corp is engaged in the exploration, development, and production of silver properties in Mexico. The company’s primary silver mines are the Santa Elena Mine in Sonora, Mexico, and the San Dimas Mine in Durango, Mexico. First Majestic Silver Corp also has interests in the La Encantada Mine in Coahuila, Mexico, and the La Parrilla Mine in Durango, Mexico.
Summary
Creative Planning increased its stake in Hecla Mining by 10% in the third quarter, according to recent reports. This suggests a positive outlook on the company’s performance and potential for growth. Hecla Mining is a leading silver and gold producer, with operations in North America. In addition to its main products, the company also produces lead, zinc, and bulk concentrates.
Its stock has experienced some volatility in the past year, but is currently showing a steady upward trend. With an increased stake from a major investor, it appears that Hecla Mining may be poised for success in the near future.
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