Universal Beteiligungs und Servicegesellschaft mbH Raises Stock Holdings in Hecla Mining Company $HL

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Hecla Mining Company (NYSE:HL) by 207.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 946,872 shares of the basic materials company’s stock after purchasing an additional 638,618 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of Hecla Mining worth $11,457,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Transce3nd LLC acquired a new position in shares of Hecla Mining in the 2nd quarter worth approximately $25,000. USA Financial Formulas acquired a new position in Hecla Mining in the third quarter worth $25,000. EverSource Wealth Advisors LLC increased its stake in Hecla Mining by 255.6% during the second 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 last quarter. Headlands Technologies LLC acquired a new stake in shares of Hecla Mining during the second quarter worth $44,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Hecla Mining in the 3rd quarter worth about $49,000. Institutional investors own 63.01% of the company’s stock.

Insider Activity

In other news, CFO Russell Douglas Lawlar sold 18,535 shares of the company’s stock in a transaction on Monday, November 10th. The stock was 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 Securities & Exchange Commission, which is available through this link. Also, VP Kurt Allen sold 52,219 shares of Hecla Mining 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 transaction, the vice president directly owned 216,641 shares in the company, valued at $4,746,604.31. This represents a 19.42% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 426,679 shares of company stock worth $7,678,773. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HL. HC Wainwright boosted their price objective on shares of Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a research report on Thursday, November 6th. Scotiabank assumed coverage on Hecla Mining in a report on Thursday, November 13th. They set a “sector perform” rating and a $15.00 target price for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. Zacks Research upgraded shares of Hecla Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.72.

Hecla Mining Price Performance

Shares of Hecla Mining stock opened at $31.79 on Friday. Hecla Mining Company has a 52 week low of $4.46 and a 52 week high of $32.16. The company has a current ratio of 2.15, a quick ratio of 1.51 and a debt-to-equity ratio of 0.11. The stock has a market cap of $21.30 billion, a PE ratio of 102.54 and a beta of 1.28. The company’s 50-day moving average price is $19.83 and its two-hundred day moving average price is $13.44.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The company had revenue of $409.54 million for the quarter, compared to analysts’ expectations of $315.60 million. During the same quarter in the previous year, the company posted $0.03 EPS. The business’s revenue was up 67.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were issued a $0.0038 dividend. 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 is currently 3.23%.

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.