Credit Suisse AG Has $2.35 Million Stock Holdings in Hecla Mining (NYSE:HL)

Credit Suisse AG increased its position in shares of Hecla Mining (NYSE:HL – Get Rating) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 595,748 shares of the basic materials company’s stock after buying an additional 13,472 shares during the quarter. Credit Suisse AG owned 0.10% of Hecla Mining worth $2,347,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Hecla Mining by 419.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 259,984 shares of the basic materials company’s stock worth $1,024,000 after purchasing an additional 209,957 shares during the period. Strategic Wealth Advisors Group LLC lifted its stake in Hecla Mining by 16.3% during the third quarter. Strategic Wealth Advisors Group LLC now owns 64,541 shares of the basic materials company’s stock worth $254,000 after purchasing an additional 9,043 shares during the period. Dimensional Fund Advisors LP lifted its stake in Hecla Mining by 6.5% during the third quarter. Dimensional Fund Advisors LP now owns 32,277,630 shares of the basic materials company’s stock worth $127,172,000 after purchasing an additional 1,975,212 shares during the period. Tower Research Capital LLC TRC lifted its stake in Hecla Mining by 71.8% during the third quarter. Tower Research Capital LLC TRC now owns 41,932 shares of the basic materials company’s stock worth $165,000 after purchasing an additional 17,518 shares during the period. Finally, UBS Group AG lifted its stake in Hecla Mining by 37.6% during the third quarter. UBS Group AG now owns 192,189 shares of the basic materials company’s stock worth $758,000 after purchasing an additional 52,467 shares during the period. 59.73% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Stock Performance

NYSE:HL opened at $5.54 on Friday. Hecla Mining has a 1 year low of $3.41 and a 1 year high of $7.66. The firm has a 50 day moving average of $5.74 and a 200-day moving average of $5.00. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $3.37 billion, a P/E ratio of -79.14 and a beta of 2.02.

Hecla Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Thursday, March 9th will be given a $0.006 dividend. This represents a $0.02 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Wednesday, March 8th. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s payout ratio is -28.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HL shares. HC Wainwright raised their price target on shares of Hecla Mining from $6.25 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, February 16th. Canaccord Genuity Group cut their price target on shares of Hecla Mining from $7.25 to $6.25 and set a “buy” rating for the company in a research note on Thursday, February 16th. Finally, BMO Capital Markets lifted their target price on shares of Hecla Mining from $4.75 to $5.00 and gave the company a “market perform” rating in a research note on Friday, January 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Hecla Mining has an average rating of “Moderate Buy” and a consensus target price of $5.92.

Hecla Mining Profile

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Hecla Mining Co operates as a silver and gold production company. The firm produces lead, zinc and bulk concentrates for custom smelters and brokers and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, and Nevada Operations.