J. Safra Sarasin Holding AG Sells 32,022 Shares of Hecla Mining Company $HL

J. Safra Sarasin Holding AG lessened its holdings in shares of Hecla Mining Company (NYSE:HL) by 34.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 59,992 shares of the basic materials company’s stock after selling 32,022 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Hecla Mining were worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of HL. Transce3nd LLC acquired a new stake in shares of Hecla Mining in the second quarter valued at approximately $25,000. USA Financial Formulas bought a new position in shares of Hecla Mining during the 3rd quarter worth approximately $25,000. UMB Bank n.a. increased its holdings in shares of Hecla Mining by 2,390.0% during the 3rd 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 during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of 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 worth $37,000 after acquiring an additional 4,425 shares during the last quarter. Finally, MAI Capital Management bought a new stake in Hecla Mining in the 3rd quarter valued at $39,000. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at Hecla Mining

In other news, VP Kurt Allen sold 52,219 shares of Hecla Mining stock in a transaction on Tuesday, January 6th. The stock was 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 owned 216,641 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

HL has been the subject of several research reports. Zacks Research downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Wall Street Zen downgraded shares of Hecla Mining from a “strong-buy” rating to a “buy” rating in a report on Sunday. Scotiabank increased their price objective on shares of Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Hecla Mining in a research note on Monday, December 29th. Finally, HC Wainwright lifted their target price 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. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.63.

Hecla Mining Price Performance

Shares of NYSE HL opened at $19.18 on Thursday. The firm has a market cap of $12.86 billion, a P/E ratio of 39.14 and a beta of 1.40. The business’s 50 day moving average is $22.14 and its 200-day moving average is $18.25. 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 Company has a 1-year low of $4.46 and a 1-year high of $34.17.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th were given a dividend of $0.0038 per share. The ex-dividend date was Monday, March 9th. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) 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.