Choreo LLC Raises Stock Holdings in Hecla Mining Company $HL

Choreo LLC lifted its holdings in shares of Hecla Mining Company (NYSE:HL) by 150.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,206 shares of the basic materials company’s stock after purchasing an additional 30,731 shares during the quarter. Choreo LLC’s holdings in Hecla Mining were worth $998,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA purchased a new position in Hecla Mining in the fourth quarter worth $3,815,000. V Square Quantitative Management LLC purchased a new position in Hecla Mining in the fourth quarter worth $322,000. MH & Associates Securities Management Corp ADV purchased a new position in Hecla Mining in the fourth quarter worth $887,000. Stone House Investment Management LLC grew its position in Hecla Mining by 449.0% in the fourth quarter. Stone House Investment Management LLC now owns 2,811 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 2,299 shares in the last quarter. Finally, Yousif Capital Management LLC grew its position in Hecla Mining by 0.8% in the fourth quarter. Yousif Capital Management LLC now owns 206,940 shares of the basic materials company’s stock worth $3,971,000 after acquiring an additional 1,705 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Stock Performance

NYSE HL opened at $19.14 on Thursday. The company has a 50-day simple moving average of $20.69 and a two-hundred day simple moving average of $18.82. The company has a quick ratio of 2.22, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a 12-month low of $4.51 and a 12-month high of $34.17. The firm has a market cap of $12.83 billion, a price-to-earnings ratio of 39.06 and a beta of 1.40.

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 given a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, March 9th. Hecla Mining’s dividend payout ratio is presently 2.04%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Scotiabank upped their target price on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Zacks Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Wall Street Zen lowered Hecla Mining from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 29th. Canadian Imperial Bank of Commerce upped their target price on Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, HC Wainwright upped their target price on Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.63.

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.