Hecla Mining Company $HL Shares Acquired by Amalgamated Bank

Amalgamated Bank boosted its holdings in shares of Hecla Mining Company (NYSE:HL) by 814.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,378 shares of the basic materials company’s stock after buying an additional 167,781 shares during the period. Amalgamated Bank’s holdings in Hecla Mining were worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HL. Transce3nd LLC acquired a new position in shares of Hecla Mining in the second quarter valued at about $25,000. USA Financial Formulas acquired a new position in Hecla Mining in the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its holdings 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 worth $37,000 after buying an additional 4,425 shares during the period. Headlands Technologies LLC purchased a new position in Hecla Mining during the 2nd quarter worth approximately $44,000. Finally, Salomon & Ludwin LLC acquired a new stake in Hecla Mining during the 3rd quarter valued at approximately $49,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Zacks Research raised Hecla Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Canaccord Genuity Group set a $26.50 target price on Hecla Mining in a report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. Wall Street Zen upgraded Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, Roth Mkm set a $8.75 price objective on shares of Hecla Mining and gave the stock a “sell” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.72.

Hecla Mining Trading Up 1.6%

HL opened at $31.79 on Friday. The stock has a market capitalization of $21.30 billion, a PE ratio of 102.54 and a beta of 1.28. Hecla Mining Company has a one year low of $4.46 and a one year high of $32.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.51 and a current ratio of 2.15. The business’s 50 day moving average price is $19.83 and its 200 day moving average price is $13.39.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $409.54 million for the quarter, compared to analyst estimates of $315.60 million. Hecla Mining had a return on equity of 7.87% and a net margin of 16.35%.Hecla Mining’s revenue was up 67.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, equities research analysts expect that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid a dividend of $0.0038 per share. The ex-dividend date was Monday, November 24th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.0%. Hecla Mining’s payout ratio is presently 3.23%.

Insider Transactions at Hecla Mining

In related news, VP Kurt Allen sold 52,219 shares of Hecla Mining stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the sale, the vice president directly owned 216,641 shares in the company, valued at $4,746,604.31. This trade represents a 19.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David C. Sienko sold 207,553 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total value of $4,030,679.26. Following the completion of the sale, the vice president directly owned 906,370 shares of the company’s stock, valued at $17,601,705.40. The trade was a 18.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 426,679 shares of company stock valued at $7,678,773. Corporate insiders own 0.62% of the company’s stock.

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.