Navellier & Associates Inc. acquired a new stake in Hecla Mining Company (NYSE:HL – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 137,806 shares of the basic materials company’s stock, valued at approximately $2,644,000.
A number of other hedge funds also recently made changes to their positions in HL. Maryland State Retirement & Pension System acquired a new stake in shares of Hecla Mining during the 3rd quarter worth about $1,150,000. Berman McAleer LLC acquired a new stake in shares of Hecla Mining during the 3rd quarter worth about $593,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Hecla Mining during the 3rd quarter worth about $1,785,000. State of Alaska Department of Revenue acquired a new stake in shares of Hecla Mining during the 3rd quarter worth about $4,345,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hecla Mining by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock worth $284,651,000 after purchasing an additional 6,472,566 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.
Hecla Mining Trading Down 3.0%
HL opened at $17.06 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 2.22 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $11.44 billion, a PE ratio of 34.81 and a beta of 1.26. Hecla Mining Company has a 1-year low of $4.65 and a 1-year high of $34.17. The firm has a 50-day moving average price of $19.70 and a two-hundred day moving average price of $19.35.
Hecla Mining Announces Dividend
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Roth Mkm set a $13.00 target price on shares of Hecla Mining in a research report on Wednesday, February 18th. Canadian Imperial Bank of Commerce increased their target price on shares of Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, April 29th. HC Wainwright increased their target price on shares of Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Scotiabank increased their target price on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.64.
View Our Latest Research Report on Hecla Mining
Hecla Mining Profile
Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.
The company’s principal operations are located in North America and Latin America.
Further Reading
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