Hecla Mining Company $HL Shares Sold by Steadtrust LLC

Steadtrust LLC lessened its position in shares of Hecla Mining Company (NYSE:HL) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 465,880 shares of the basic materials company’s stock after selling 63,230 shares during the period. Hecla Mining makes up approximately 5.5% of Steadtrust LLC’s investment portfolio, making the stock its 3rd largest position. Steadtrust LLC’s holdings in Hecla Mining were worth $8,940,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HL. Van ECK Associates Corp lifted its holdings in shares of Hecla Mining by 32.4% during the third quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock worth $603,566,000 after buying an additional 12,197,740 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Hecla Mining by 13.4% in the 3rd quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock valued at $863,324,000 after purchasing an additional 8,452,401 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hecla Mining by 38.0% during 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Hecla Mining by 577.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,808,787 shares of the basic materials company’s stock worth $82,386,000 after purchasing an additional 5,804,298 shares during the period. Finally, State Street Corp increased its holdings in shares of Hecla Mining by 14.8% during the third 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. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Kurt Allen sold 52,219 shares of the 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 completion of the transaction, the vice president directly owned 216,641 shares in the company, valued at approximately $4,746,604.31. This represents a 19.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HL. Canaccord Genuity Group set a $26.50 target price on 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 research report on Friday, February 13th. Wall Street Zen raised shares of Hecla Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday. HC Wainwright boosted their target price on shares of Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Finally, Canadian Imperial Bank of Commerce increased their price target 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. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.63.

Hecla Mining Trading Down 2.5%

Shares of Hecla Mining stock opened at $17.18 on Monday. The firm’s 50 day moving average is $23.42 and its 200 day moving average is $17.87. The firm has a market capitalization of $11.51 billion, a PE ratio of 35.05 and a beta of 1.22. Hecla Mining Company has a 1 year low of $4.46 and a 1 year high of $34.17. The company has a current ratio of 2.72, a quick ratio of 2.22 and a debt-to-equity ratio of 0.10.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th will be paid 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 is Monday, March 9th. Hecla Mining’s payout ratio is presently 2.04%.

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.