Berman McAleer LLC Acquires Shares of 49,021 Hecla Mining Company $HL

Berman McAleer LLC purchased a new stake in Hecla Mining Company (NYSE:HL) during the 3rd quarter, HoldingsChannel reports. The fund purchased 49,021 shares of the basic materials company’s stock, valued at approximately $593,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. AlphaQuest LLC bought a new stake in Hecla Mining during the 3rd quarter valued at $79,000. Arizona State Retirement System grew its position in shares of Hecla Mining by 8.2% in the third quarter. Arizona State Retirement System now owns 189,727 shares of the basic materials company’s stock valued at $2,296,000 after purchasing an additional 14,420 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Hecla Mining by 49.8% during the 3rd quarter. New York State Common Retirement Fund now owns 268,114 shares of the basic materials company’s stock valued at $3,244,000 after purchasing an additional 89,164 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in Hecla Mining by 159.9% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 8,113 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 4,991 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Hecla Mining by 29.9% in the 3rd quarter. Federated Hermes Inc. now owns 4,023 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 926 shares during the period. 63.01% of the stock is owned by institutional investors.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $22.49 on Friday. The company’s fifty day moving average price is $21.14 and its 200-day moving average price is $14.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.51. The firm has a market capitalization of $15.07 billion, a price-to-earnings ratio of 72.56 and a beta of 1.28. Hecla Mining Company has a one year low of $4.46 and a one year high of $34.17.

Hecla Mining (NYSE:HL) last announced its earnings results 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 during the quarter, compared to analyst estimates of $315.60 million. During the same period in the previous year, the business earned $0.03 earnings per share. The firm’s quarterly revenue was up 67.1% compared to the same quarter last year. On average, equities research analysts anticipate that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were given a dividend of $0.0038 per share. The ex-dividend date was Monday, November 24th. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is 3.23%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HL. CIBC upped their price target on Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday. HC Wainwright boosted their price objective on shares of Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets increased their target price on shares of Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a research note on Tuesday. Zacks Research upgraded shares of Hecla Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. 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 stock. Based on data from MarketBeat.com, Hecla Mining has an average rating of “Hold” and an average price target of $22.00.

Insider Activity at Hecla Mining

In related news, CFO Russell Douglas Lawlar sold 148,372 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $15.00, for a total value of $2,225,580.00. Following the completion of the sale, the chief financial officer owned 347,402 shares in the company, valued at $5,211,030. The trade was a 29.93% decrease in their position. The transaction 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 stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the transaction, the vice president owned 906,370 shares in the company, valued at $17,601,705.40. The trade was a 18.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 426,679 shares of company stock valued at $7,678,773. Corporate insiders own 0.62% of the company’s stock.

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.