FORA Capital LLC Increases Stock Position in Hecla Mining Company $HL

FORA Capital LLC grew its holdings in shares of Hecla Mining Company (NYSE:HL) by 1,462.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 230,283 shares of the basic materials company’s stock after purchasing an additional 215,541 shares during the period. FORA Capital LLC’s holdings in Hecla Mining were worth $2,786,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Transce3nd LLC purchased a new stake in shares of Hecla Mining in the second quarter valued at approximately $25,000. USA Financial Formulas purchased a new position in Hecla Mining in the third quarter worth $25,000. UMB Bank n.a. raised its position in Hecla Mining by 2,390.0% in the third quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 2,390 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 4,425 shares during the period. Finally, MAI Capital Management acquired a new stake in Hecla Mining in the third quarter valued at $39,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Stock Down 4.5%

Hecla Mining stock opened at $19.60 on Friday. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $34.17. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 40.00 and a beta of 1.22. The stock’s fifty day moving average is $23.70 and its two-hundred day moving average is $17.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.22 and a current ratio of 2.72.

Hecla Mining Dividend Announcement

The firm 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. The ex-dividend date is Monday, March 9th. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s payout ratio is presently 2.04%.

Insider Activity

In related news, VP David C. Sienko sold 207,553 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total value 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 represents a 18.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kurt Allen sold 52,219 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total value of $1,144,118.29. Following the sale, the vice president owned 216,641 shares in the company, valued at approximately $4,746,604.31. This trade 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 owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HL. BMO Capital Markets upped their price target on shares of Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 27th. Roth Mkm set a $13.00 price objective on shares of Hecla Mining in a research note on Wednesday, February 18th. HC Wainwright boosted their price objective on shares of Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Zacks Research lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.63.

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.