Exchange Traded Concepts LLC Increases Stake in Hecla Mining Company $HL

Exchange Traded Concepts LLC raised its stake in Hecla Mining Company (NYSE:HL) by 102,278.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 53,237 shares of the basic materials company’s stock after purchasing an additional 53,185 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Hecla Mining were worth $1,022,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in 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 buying an additional 739,360 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Hecla Mining by 24.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company’s stock worth $10,894,000 after acquiring an additional 380,448 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Hecla Mining by 10.9% in the second quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 6,450 shares during the period. Legal & General Group Plc increased its position in shares of Hecla Mining by 4.2% in the second quarter. Legal & General Group Plc now owns 697,752 shares of the basic materials company’s stock valued at $4,180,000 after acquiring an additional 27,991 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Hecla Mining by 0.7% during the second quarter. American Century Companies Inc. now owns 1,285,776 shares of the basic materials company’s stock valued at $7,702,000 after acquiring an additional 8,535 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at Hecla Mining

In related news, VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total value of $1,144,118.29. Following the sale, the vice president directly owned 216,641 shares of the company’s stock, valued at $4,746,604.31. This represents a 19.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on HL. HC Wainwright raised their target price on Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Wall Street Zen lowered Hecla Mining from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 29th. Zacks Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Roth Mkm set a $13.00 target price on Hecla Mining in a research note on Wednesday, February 18th. Finally, BMO Capital Markets upped their target price on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.63.

Hecla Mining Stock Performance

Shares of HL opened at $19.16 on Friday. The company has a 50-day simple moving average of $21.65 and a two-hundred day simple moving average of $18.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 2.22. The firm has a market capitalization of $12.84 billion, a PE ratio of 39.10 and a beta of 1.40. Hecla Mining Company has a one year low of $4.46 and a one year high of $34.17.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Monday, March 9th were paid a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, March 9th. Hecla Mining’s dividend payout ratio (DPR) is presently 2.04%.

Hecla Mining Company 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.