Thrivent Financial for Lutherans Increases Stock Holdings in Hecla Mining Company $HL

Thrivent Financial for Lutherans lifted its holdings in Hecla Mining Company (NYSE:HL) by 90.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 657,431 shares of the basic materials company’s stock after purchasing an additional 313,036 shares during the period. Thrivent Financial for Lutherans owned about 0.10% of Hecla Mining worth $7,955,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Transce3nd LLC purchased a new stake in Hecla Mining in the 2nd quarter worth $25,000. USA Financial Formulas bought a new position in shares of Hecla Mining in the third quarter worth about $25,000. EverSource Wealth Advisors LLC raised its stake in Hecla Mining by 255.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 4,425 shares during the period. Headlands Technologies LLC purchased a new position in Hecla Mining in the 2nd quarter worth approximately $44,000. Finally, Salomon & Ludwin LLC purchased a new position in Hecla Mining in the 3rd quarter worth approximately $49,000. 63.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. CIBC upped their target price on shares of Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. BMO Capital Markets raised their price objective on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, January 27th. HC Wainwright boosted their target price on Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Canaccord Genuity Group set a $26.50 price target on Hecla Mining in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.00.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of the stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Russell Douglas Lawlar sold 148,372 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $15.00, for a total transaction of $2,225,580.00. Following the transaction, the chief financial officer owned 347,402 shares in the company, valued at approximately $5,211,030. This trade represents a 29.93% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 426,679 shares of company stock valued at $7,678,773. Company insiders own 0.62% of the company’s stock.

Hecla Mining Stock Down 7.9%

Shares of NYSE HL opened at $21.29 on Friday. Hecla Mining Company has a 1 year low of $4.46 and a 1 year high of $34.17. The firm has a 50-day simple moving average of $21.70 and a two-hundred day simple moving average of $14.57. The company has a market cap of $14.26 billion, a P/E ratio of 68.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.51.

Hecla Mining (NYSE:HL) last released its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $409.54 million during the quarter, compared to the consensus estimate of $315.60 million. Hecla Mining had a return on equity of 7.87% and a net margin of 16.35%.The business’s revenue for the quarter was up 67.1% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share. Research analysts anticipate that Hecla Mining Company will post 0.21 earnings per share for the current year.

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.