Hecla Mining Company $HL Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its stake in Hecla Mining Company (NYSE:HL) by 49.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 322,789 shares of the basic materials company’s stock after selling 311,300 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Hecla Mining were worth $3,906,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Transce3nd LLC purchased a new position in Hecla Mining in the 2nd quarter valued at $25,000. USA Financial Formulas purchased a new position in Hecla Mining during the 3rd quarter worth $25,000. UMB Bank n.a. lifted its stake in shares of Hecla Mining by 2,390.0% in 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 period. EverSource Wealth Advisors LLC boosted its holdings in shares of Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 4,425 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Hecla Mining during the second quarter worth about $44,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Up 6.7%

Hecla Mining stock opened at $22.74 on Friday. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $34.17. The firm has a market capitalization of $15.24 billion, a price-to-earnings ratio of 73.35 and a beta of 1.25. The stock’s fifty day moving average is $21.82 and its two-hundred day moving average is $14.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.51 and a current ratio of 2.15.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $409.54 million for 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 business’s revenue for the quarter was up 67.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. Analysts predict that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group set a $26.50 price objective on shares of Hecla Mining in a research report on Friday, January 23rd. Canadian Imperial Bank of Commerce increased their target price on Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Zacks Research raised Hecla Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Scotiabank lifted their price target on Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Finally, Wall Street Zen upgraded Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Insiders Place Their Bets

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 148,372 shares of Hecla Mining stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $15.00, for a total transaction of $2,225,580.00. Following the completion of the transaction, the chief financial officer owned 347,402 shares in the company, valued at approximately $5,211,030. The trade was a 29.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were 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 directly owned 216,641 shares in the company, valued at $4,746,604.31. This trade represents a 19.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 426,679 shares of company stock worth $7,678,773. Insiders own 0.62% of the company’s stock.

About Hecla Mining

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.