Hecla Mining Company $HL Stock Position Lifted by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft raised its stake in Hecla Mining Company (NYSE:HL) by 55.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,111 shares of the basic materials company’s stock after buying an additional 21,709 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Hecla Mining were worth $739,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wealthfront Advisers LLC increased its stake in shares of Hecla Mining by 7.8% in the third quarter. Wealthfront Advisers LLC now owns 12,720 shares of the basic materials company’s stock worth $154,000 after acquiring an additional 918 shares during the last quarter. Prospera Financial Services Inc boosted its position in Hecla Mining by 2.5% during the third quarter. Prospera Financial Services Inc now owns 124,400 shares of the basic materials company’s stock valued at $1,505,000 after purchasing an additional 3,000 shares during the last quarter. Profund Advisors LLC grew its stake in Hecla Mining by 72.2% in the third quarter. Profund Advisors LLC now owns 109,734 shares of the basic materials company’s stock valued at $1,328,000 after purchasing an additional 45,996 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Hecla Mining in the 3rd quarter worth about $131,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Hecla Mining by 83.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 5,190 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 2,367 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Performance

NYSE:HL opened at $23.69 on Thursday. The firm’s 50-day moving average is $22.20 and its 200-day moving average is $15.11. The company has a market cap of $15.88 billion, a price-to-earnings ratio of 76.43 and a beta of 1.25. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.51 and a current ratio of 2.15. Hecla Mining Company has a 52-week low of $4.46 and a 52-week high of $34.17.

Insider Buying and Selling

In other news, VP David C. Sienko sold 207,553 shares of Hecla Mining stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the sale, the vice president owned 906,370 shares of the company’s stock, valued at approximately $17,601,705.40. This trade represents a 18.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kurt Allen sold 52,219 shares of Hecla Mining 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 sale, the vice president owned 216,641 shares in the company, valued at $4,746,604.31. This represents a 19.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on HL. Wall Street Zen upgraded Hecla Mining from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Hecla Mining in a research note on Monday, December 29th. HC Wainwright lifted their price objective on shares of Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a research note on Tuesday, January 27th. BMO Capital Markets increased their target price on shares of Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 27th. Finally, Roth Mkm reaffirmed a “sell” rating and issued a $16.00 price target on shares of Hecla Mining in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hecla Mining has an average rating of “Hold” and a consensus price target of $22.00.

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.