Caprock Group LLC Makes New $1.41 Million Investment in Hecla Mining Company $HL

Caprock Group LLC bought a new stake in shares of Hecla Mining Company (NYSE:HL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 116,300 shares of the basic materials company’s stock, valued at approximately $1,407,000.

Several other large investors also recently made changes to their positions in HL. State Street Corp lifted its stake in Hecla Mining by 7.2% in the 2nd quarter. State Street Corp now owns 30,032,111 shares of the basic materials company’s stock worth $179,892,000 after acquiring an additional 2,029,327 shares in the last quarter. Tidal Investments LLC grew its position in shares of Hecla Mining by 14.7% in the second quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock valued at $120,509,000 after purchasing an additional 2,574,855 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hecla Mining by 40.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock worth $102,144,000 after buying an additional 4,928,130 shares during the period. Ninety One UK Ltd increased its position in Hecla Mining by 1.7% during the third quarter. Ninety One UK Ltd now owns 6,219,902 shares of the basic materials company’s stock worth $75,261,000 after acquiring an additional 103,009 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Hecla Mining by 20.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock valued at $23,827,000 after buying an additional 739,360 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on HL shares. HC Wainwright lifted their target price on shares of Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Canadian Imperial Bank of Commerce upped their price target on shares of Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Scotiabank lifted their target price on Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Zacks Research raised shares of Hecla Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hecla Mining presently has an average rating of “Hold” and a consensus target price of $22.00.

Hecla Mining Stock Up 8.3%

Shares of NYSE HL opened at $22.61 on Friday. The firm has a market cap of $15.15 billion, a PE ratio of 72.95 and a beta of 1.25. The company has a 50 day simple moving average of $22.39 and a 200 day simple moving average of $15.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.51. Hecla Mining Company has a 1 year low of $4.46 and a 1 year high of $34.17.

Insiders Place Their Bets

In other news, VP Kurt Allen sold 52,219 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was 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 of the company’s stock, valued at $4,746,604.31. This trade represents a 19.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David C. Sienko sold 207,553 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the completion of the transaction, the vice president owned 906,370 shares in the company, valued at approximately $17,601,705.40. The trade was a 18.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.62% of the company’s stock.

Hecla Mining 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.