Berman McAleer LLC Buys Shares of 49,021 Hecla Mining Company $HL

Berman McAleer LLC purchased a new position in shares of Hecla Mining Company (NYSE:HL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 49,021 shares of the basic materials company’s stock, valued at approximately $593,000.

A number of other institutional investors also recently modified their holdings of HL. State Street Corp raised its stake in Hecla Mining by 7.2% during the second quarter. State Street Corp now owns 30,032,111 shares of the basic materials company’s stock worth $179,892,000 after buying an additional 2,029,327 shares during the last quarter. Tidal Investments LLC grew its holdings in Hecla Mining by 14.7% during the 2nd quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock worth $120,509,000 after acquiring an additional 2,574,855 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 acquiring an additional 4,928,130 shares in the last quarter. Ninety One UK Ltd lifted its stake in shares of 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 purchasing an additional 103,009 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Hecla Mining by 20.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock valued at $23,827,000 after purchasing an additional 739,360 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Hecla Mining Price Performance

HL stock opened at $22.49 on Friday. 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 has a 50-day simple moving average of $21.14 and a two-hundred day simple moving average of $14.12. The company has a market capitalization of $15.07 billion, a P/E ratio of 72.56 and a beta of 1.28. Hecla Mining Company has a 52-week low of $4.46 and a 52-week high of $34.17.

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

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were issued a $0.0038 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 3.23%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HL shares. Roth Mkm reiterated a “sell” rating and issued a $16.00 target price on shares of Hecla Mining in a report on Tuesday. Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. BMO Capital Markets raised their price target on shares of Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a report on Tuesday. Canaccord Genuity Group set a $26.50 price target on shares of Hecla Mining in a research note on Friday, January 23rd. Finally, Scotiabank upped their price objective on shares of Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.00.

Insider Activity at Hecla Mining

In related news, CFO Russell Douglas Lawlar sold 148,372 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $15.00, for a total transaction of $2,225,580.00. Following the transaction, the chief financial officer directly owned 347,402 shares in the company, valued at approximately $5,211,030. The trade was a 29.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction dated 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. The trade was a 19.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 426,679 shares of company stock valued at $7,678,773 over the last ninety days. Corporate insiders own 0.62% of the company’s stock.

About Hecla Mining

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.