Clear Creek Financial Management LLC Raises Position in Hecla Mining Company $HL

Clear Creek Financial Management LLC increased its stake in shares of Hecla Mining Company (NYSE:HL) by 93.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,011 shares of the basic materials company’s stock after purchasing an additional 28,917 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Hecla Mining were worth $726,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Ninety One UK Ltd increased its holdings 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 acquiring an additional 103,009 shares during the last quarter. Maryland State Retirement & Pension System purchased a new position in Hecla Mining in the third quarter valued at approximately $1,150,000. Yousif Capital Management LLC acquired a new stake in Hecla Mining during the third quarter worth approximately $2,483,000. Berman McAleer LLC acquired a new stake in Hecla Mining during the third quarter worth approximately $593,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Hecla Mining during the 2nd quarter worth approximately $2,256,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

HL has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Roth Mkm set a $13.00 price objective on Hecla Mining in a report on Wednesday. Canadian Imperial Bank of Commerce lifted their target price on Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Finally, HC Wainwright raised their price target 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.63.

Hecla Mining Trading Up 5.2%

Shares of Hecla Mining stock opened at $23.98 on Friday. The company has a 50-day moving average of $22.88 and a two-hundred day moving average of $15.91. Hecla Mining Company has a 12-month low of $4.46 and a 12-month high of $34.17. The company has a current ratio of 2.72, a quick ratio of 1.51 and a debt-to-equity ratio of 0.10. The stock has a market cap of $16.07 billion, a PE ratio of 48.94 and a beta of 1.25.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th will be given a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, March 9th. Hecla Mining’s payout ratio is presently 2.04%.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the completion of the transaction, the vice president directly owned 216,641 shares in the company, valued at approximately $4,746,604.31. This trade represents a 19.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David C. Sienko sold 207,553 shares of Hecla Mining stock in a transaction dated 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 transaction, the vice president owned 906,370 shares of the company’s stock, valued at approximately $17,601,705.40. The trade was a 18.63% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.62% of the stock is currently owned by corporate insiders.

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.