Hecla Mining Company $HL Stock Position Raised by Brookstone Capital Management

Brookstone Capital Management increased its holdings in shares of Hecla Mining Company (NYSE:HL) by 657.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,410 shares of the basic materials company’s stock after acquiring an additional 68,921 shares during the quarter. Brookstone Capital Management’s holdings in Hecla Mining were worth $1,524,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Hecla Mining by 13.4% in the third quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock valued at $863,324,000 after acquiring an additional 8,452,401 shares during the period. Van ECK Associates Corp raised its position in shares of Hecla Mining by 32.4% during the 3rd quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock worth $603,566,000 after purchasing an additional 12,197,740 shares during the period. State Street Corp raised its position in shares of Hecla Mining by 14.8% during the 3rd quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock worth $417,278,000 after purchasing an additional 4,453,706 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hecla Mining by 38.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock worth $284,651,000 after purchasing an additional 6,472,566 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in Hecla Mining by 14.7% during the 2nd quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock valued at $120,509,000 after purchasing an additional 2,574,855 shares during the period. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Down 0.1%

HL opened at $19.16 on Friday. The stock’s 50 day moving average price is $21.65 and its 200 day moving average price is $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 stock has a market cap of $12.84 billion, a P/E ratio of 39.10 and a beta of 1.40. Hecla Mining Company has a 12 month low of $4.46 and a 12 month high of $34.17.

Hecla Mining Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. HC Wainwright upped their price objective on Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Canadian Imperial Bank of Commerce boosted their price target 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. Canaccord Genuity Group set a $26.50 price target on shares of Hecla Mining in a research report on Friday, January 23rd. Zacks Research cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hecla Mining presently has an average rating of “Hold” and an average target price of $21.63.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of the company’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 sale, the vice president directly owned 216,641 shares of the company’s stock, valued at approximately $4,746,604.31. This represents a 19.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

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.