Hecla Mining Company $HL Shares Acquired by Profund Advisors LLC

Profund Advisors LLC boosted its stake in Hecla Mining Company (NYSE:HL) by 72.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,734 shares of the basic materials company’s stock after acquiring an additional 45,996 shares during the period. Profund Advisors LLC’s holdings in Hecla Mining were worth $1,328,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ninety One UK Ltd boosted its stake in Hecla Mining by 1.7% in the third quarter. Ninety One UK Ltd now owns 6,219,902 shares of the basic materials company’s stock valued at $75,261,000 after acquiring an additional 103,009 shares during the period. Maryland State Retirement & Pension System bought a new stake in shares of Hecla Mining in the 3rd quarter worth $1,150,000. Yousif Capital Management LLC bought a new stake in shares of Hecla Mining in the 3rd quarter worth approximately $2,483,000. Berman McAleer LLC acquired a new stake in Hecla Mining during the 3rd quarter worth about $593,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Hecla Mining in the second quarter valued at $2,256,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Trading Down 4.1%

NYSE:HL opened at $22.96 on Wednesday. The business has a 50 day moving average price of $22.07 and a two-hundred day moving average price of $15.05. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $34.17. The company has a quick ratio of 1.51, a current ratio of 2.15 and a debt-to-equity ratio of 0.11. The company has a market cap of $15.39 billion, a P/E ratio of 74.06 and a beta of 1.25.

Insider Activity at Hecla Mining

In other Hecla Mining news, VP David C. Sienko sold 207,553 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the transaction, the vice president owned 906,370 shares of the company’s stock, valued at $17,601,705.40. The trade was a 18.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction dated 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 completion of the sale, the vice president directly owned 216,641 shares in the company, valued at approximately $4,746,604.31. The trade was a 19.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HL has been the subject of several recent research reports. Scotiabank increased their price objective on Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Zacks Research upgraded Hecla Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Wall Street Zen raised Hecla Mining from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. HC Wainwright raised their target price on Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Finally, BMO Capital Markets raised their price target on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.00.

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.