Hecla Mining Company $HL Shares Bought by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC grew its stake in Hecla Mining Company (NYSE:HL) by 93.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,011 shares of the basic materials company’s stock after acquiring an additional 28,917 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Hecla Mining were worth $726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Transce3nd LLC acquired a new position in Hecla Mining in the 2nd quarter valued at about $25,000. USA Financial Formulas acquired a new position in shares of Hecla Mining in the third quarter valued at approximately $25,000. UMB Bank n.a. lifted its stake in shares of Hecla Mining by 2,390.0% during the third quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after buying an additional 2,390 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 worth $37,000 after acquiring an additional 4,425 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Hecla Mining in the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Performance

NYSE HL opened at $23.98 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.51. Hecla Mining Company has a 1-year low of $4.46 and a 1-year high of $34.17. The firm has a market capitalization of $16.07 billion, a P/E ratio of 48.94 and a beta of 1.25. The business’s 50-day simple moving average is $22.88 and its 200-day simple moving average is $15.91.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Monday, March 9th will be given a $0.0038 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is presently 2.04%.

Insiders Place Their Bets

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of the firm’s 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 transaction, the vice president directly owned 216,641 shares of the company’s stock, valued at $4,746,604.31. This trade represents a 19.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David C. Sienko sold 207,553 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total value of $4,030,679.26. Following the completion of the sale, the vice president directly owned 906,370 shares of the company’s stock, valued at $17,601,705.40. The trade was a 18.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HL shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Hecla Mining in a research note on Monday, December 29th. Wall Street Zen upgraded Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Zacks Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. HC Wainwright upped 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, January 27th. Finally, Scotiabank raised their target price on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.63.

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.