Independent Advisor Alliance boosted its stake in shares of Hecla Mining Company (NYSE:HL – Free Report) by 988.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185,782 shares of the basic materials company’s stock after buying an additional 168,721 shares during the quarter. Independent Advisor Alliance’s holdings in Hecla Mining were worth $3,565,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HL. Lodestone Wealth Management LLC purchased a new position in Hecla Mining in the 4th quarter valued at approximately $28,000. UMB Bank n.a. increased its stake in Hecla Mining by 2,390.0% in the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 2,390 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Hecla Mining by 255.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 4,425 shares in the last quarter. MAI Capital Management purchased a new position in Hecla Mining in the 3rd quarter valued at approximately $39,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Hecla Mining during the 3rd quarter worth $44,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.
Hecla Mining Trading Up 2.3%
Hecla Mining stock opened at $21.04 on Thursday. The stock has a market cap of $14.11 billion, a PE ratio of 51.31 and a beta of 1.26. The stock has a 50-day moving average price of $19.14 and a 200 day moving average price of $19.59. Hecla Mining Company has a 52 week low of $4.68 and a 52 week high of $34.17. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10.
Hecla Mining Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be given a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, May 22nd. Hecla Mining’s payout ratio is currently 2.44%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. HC Wainwright cut their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research note on Wednesday, May 6th. BMO Capital Markets lifted their price target on Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 27th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce upped their price target on shares of Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.25.
Read Our Latest Research Report on Hecla Mining
Hecla Mining Company 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.
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