Universal Beteiligungs und Servicegesellschaft mbH Boosts Position in Hecla Mining Company $HL

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Hecla Mining Company (NYSE:HL) by 170.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,561,873 shares of the basic materials company’s stock after buying an additional 1,615,001 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Hecla Mining were worth $49,260,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Hecla Mining by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock worth $863,324,000 after buying an additional 8,452,401 shares during the last quarter. Van ECK Associates Corp raised its position in Hecla Mining by 32.4% during the 3rd quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock worth $603,566,000 after buying an additional 12,197,740 shares during the last quarter. State Street Corp raised its position in Hecla Mining by 14.8% during the 3rd quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock worth $417,278,000 after buying an additional 4,453,706 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 buying an additional 6,472,566 shares during the last quarter. Finally, Tidal Investments LLC raised its position in Hecla Mining by 14.7% during the 2nd quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock worth $120,509,000 after buying an additional 2,574,855 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HL shares. Roth Mkm set a $13.00 target price on shares of Hecla Mining in a report on Wednesday, February 18th. BMO Capital Markets lifted their target price on shares of Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a report on Tuesday, January 27th. Canaccord Genuity Group set a $26.50 target price on shares of Hecla Mining in a report on Friday, January 23rd. Scotiabank lifted their target price on shares of Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce lifted their target price 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. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $21.63.

Hecla Mining Price Performance

NYSE:HL opened at $18.97 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 2.22. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 38.72 and a beta of 1.40. The company has a 50 day moving average price of $20.30 and a 200-day moving average price of $19.06. Hecla Mining Company has a 1-year low of $4.51 and a 1-year high of $34.17.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Monday, March 9th were issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 9th. Hecla Mining’s payout ratio is presently 2.04%.

About Hecla Mining

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.