Hecla Mining Company $HL Shares Bought by Amalgamated Bank

Amalgamated Bank lifted its position in shares of Hecla Mining Company (NYSE:HL) by 814.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 188,378 shares of the basic materials company’s stock after buying an additional 167,781 shares during the quarter. Amalgamated Bank’s holdings in Hecla Mining were worth $2,279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in shares of Hecla Mining by 20.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock worth $23,827,000 after acquiring an additional 739,360 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 valued at $10,894,000 after purchasing an additional 380,448 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Hecla Mining by 4,210.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 14,355 shares of the basic materials company’s stock valued at $86,000 after buying an additional 14,022 shares during the period. Ballentine Partners LLC increased its holdings in shares of Hecla Mining by 30.3% during the 2nd quarter. Ballentine Partners LLC now owns 15,053 shares of the basic materials company’s stock worth $90,000 after buying an additional 3,501 shares during the last quarter. Finally, J. Safra Sarasin Holding AG increased its holdings in shares of Hecla Mining by 9.0% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 58,100 shares of the basic materials company’s stock worth $348,000 after buying an additional 4,806 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HL shares. Zacks Research upgraded Hecla Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Canaccord Genuity Group set a $26.50 price objective on Hecla Mining in a research note on Friday. CIBC boosted their target price on Hecla Mining from $15.00 to $16.50 and gave the stock a “neutral” rating in a report on Tuesday, November 25th. HC Wainwright increased their target price on shares of Hecla Mining from $12.50 to $16.50 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hecla Mining presently has an average rating of “Hold” and a consensus target price of $12.72.

Insiders Place Their Bets

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 18,535 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $15.02, for a total transaction of $278,395.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David C. Sienko sold 207,553 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the sale, the vice president owned 906,370 shares of the company’s stock, valued at approximately $17,601,705.40. This represents a 18.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 426,679 shares of company stock worth $7,678,773. Company insiders own 0.62% of the company’s stock.

Hecla Mining Stock Up 1.6%

Shares of NYSE:HL opened at $31.79 on Friday. The firm has a market cap of $21.30 billion, a PE ratio of 102.54 and a beta of 1.28. The company has a fifty day simple moving average of $19.83 and a 200 day simple moving average of $13.39. The company has a current ratio of 2.15, a quick ratio of 1.51 and a debt-to-equity ratio of 0.11. Hecla Mining Company has a 12-month low of $4.46 and a 12-month high of $32.16.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $409.54 million during the quarter, compared to analyst estimates of $315.60 million. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The company’s quarterly revenue was up 67.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 EPS. On average, equities research analysts anticipate that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were paid a dividend of $0.0038 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.02 annualized dividend and a dividend yield of 0.0%. Hecla Mining’s dividend payout ratio (DPR) is currently 3.23%.

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.