Hecla Mining Company $HL Shares Acquired by Alps Advisors Inc.

Alps Advisors Inc. boosted its stake in shares of Hecla Mining Company (NYSE:HL) by 144.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 416,781 shares of the basic materials company’s stock after purchasing an additional 246,419 shares during the period. Alps Advisors Inc. owned approximately 0.06% of Hecla Mining worth $5,043,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in HL. Transce3nd LLC purchased a new position in shares of Hecla Mining in the 2nd quarter worth $25,000. USA Financial Formulas acquired a new stake in Hecla Mining during the third quarter worth about $25,000. UMB Bank n.a. raised its holdings in shares of Hecla Mining by 2,390.0% in the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 2,390 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Hecla Mining by 255.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 4,425 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Hecla Mining during the 2nd quarter worth about $44,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Stock Up 5.2%

Shares of Hecla Mining stock opened at $23.95 on Tuesday. Hecla Mining Company has a 1-year low of $4.46 and a 1-year high of $34.17. The company has a market capitalization of $16.05 billion, a PE ratio of 77.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.51. The business has a 50-day moving average of $21.96 and a 200-day moving average of $14.93.

Analyst Ratings Changes

Several research analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a report on Tuesday, January 27th. Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. Roth Mkm reiterated a “sell” rating and issued a $16.00 price target on shares of Hecla Mining in a report on Tuesday, January 27th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.00.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP David C. Sienko sold 207,553 shares of the stock in a transaction on 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 transaction, the vice president directly owned 906,370 shares in the company, valued at $17,601,705.40. This represents a 18.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kurt Allen sold 52,219 shares of the business’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 position. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% 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.