Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Hecla Mining Company (NYSE:HL – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 149,926 shares of the basic materials company’s stock, valued at approximately $2,877,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lodestone Wealth Management LLC bought a new stake in shares of Hecla Mining during the fourth quarter valued at about $28,000. UMB Bank n.a. increased its position in shares of Hecla Mining by 2,390.0% during the third quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after buying an additional 2,390 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Hecla Mining by 255.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after buying an additional 4,425 shares during the period. MAI Capital Management bought a new stake in shares of Hecla Mining during the third quarter valued at about $39,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Hecla Mining during the third quarter valued at about $44,000. 63.01% of the stock is currently owned by institutional investors.
Hecla Mining Price Performance
Shares of Hecla Mining stock opened at $17.64 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. The business’s 50 day simple moving average is $19.02 and its two-hundred day simple moving average is $19.63. The stock has a market capitalization of $11.83 billion, a P/E ratio of 43.03 and a beta of 1.26. Hecla Mining Company has a one year low of $4.71 and a one year high of $34.17.
Hecla Mining Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be paid a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, May 22nd. Hecla Mining’s payout ratio is 2.44%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on HL. Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Roth Mkm set a $13.00 price target on Hecla Mining in a research report on Wednesday, February 18th. Canadian Imperial Bank of Commerce upped their price target on Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. BMO Capital Markets upped their price target on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, January 27th. Finally, HC Wainwright lowered their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hecla Mining presently has an average rating of “Hold” and a consensus price target of $22.25.
Check Out Our Latest Analysis on Hecla Mining
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.
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