SG Americas Securities LLC Has $10.84 Million Stake in Hecla Mining Company $HL

SG Americas Securities LLC raised its position in shares of Hecla Mining Company (NYSE:HL) by 2,648.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 565,059 shares of the basic materials company’s stock after acquiring an additional 544,500 shares during the period. SG Americas Securities LLC owned approximately 0.08% of Hecla Mining worth $10,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ninety One UK Ltd grew its holdings in Hecla Mining by 1.7% in the 3rd quarter. Ninety One UK Ltd now owns 6,219,902 shares of the basic materials company’s stock valued at $75,261,000 after buying an additional 103,009 shares during the last quarter. Maryland State Retirement & Pension System acquired a new position in shares of Hecla Mining during the third quarter worth approximately $1,150,000. Yousif Capital Management LLC acquired a new position in shares of Hecla Mining during the third quarter worth approximately $2,483,000. Berman McAleer LLC bought a new stake in shares of Hecla Mining in the third quarter valued at approximately $593,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of Hecla Mining in the third quarter valued at approximately $1,785,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HL. Wall Street Zen lowered shares of Hecla Mining from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Scotiabank increased their price target on shares of Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Canaccord Genuity Group set a $26.50 price target on shares of Hecla Mining in a research report on Friday, January 23rd. Canadian Imperial Bank of Commerce boosted their price objective on shares of Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.63.

Insider Activity

In other news, VP Kurt Allen sold 52,219 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total value of $1,144,118.29. Following the completion of the transaction, the vice president owned 216,641 shares in the company, valued at approximately $4,746,604.31. This represents a 19.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Hecla Mining Stock Performance

HL opened at $17.90 on Monday. The stock’s 50 day simple moving average is $22.71 and its 200-day simple moving average is $18.15. The company has a current ratio of 2.72, a quick ratio of 2.22 and a debt-to-equity ratio of 0.10. The stock has a market cap of $12.00 billion, a PE ratio of 36.54 and a beta of 1.22. Hecla Mining Company has a 1 year low of $4.46 and a 1 year high of $34.17.

Hecla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th were issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 9th. Hecla Mining’s payout ratio is 2.04%.

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.