DNB Asset Management AS Takes Position in Hecla Mining Company $HL

DNB Asset Management AS bought a new stake in Hecla Mining Company (NYSE:HL) during the 3rd quarter, Holdings Channel.com reports. The firm bought 68,870 shares of the basic materials company’s stock, valued at approximately $833,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthfront Advisers LLC grew its position in shares of Hecla Mining by 7.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 12,720 shares of the basic materials company’s stock worth $154,000 after buying an additional 918 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Hecla Mining by 29.9% in the third quarter. Federated Hermes Inc. now owns 4,023 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 926 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Hecla Mining by 9.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,620 shares of the basic materials company’s stock worth $153,000 after acquiring an additional 1,134 shares in the last quarter. GAMMA Investing LLC increased its stake in Hecla Mining by 28.7% in the 3rd quarter. GAMMA Investing LLC now owns 6,426 shares of the basic materials company’s stock valued at $78,000 after buying an additional 1,434 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Hecla Mining by 7.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,080 shares of the basic materials company’s stock worth $276,000 after acquiring an additional 1,516 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity at Hecla Mining

In related news, VP Kurt Allen sold 52,219 shares of Hecla Mining stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total value of $1,144,118.29. Following the transaction, the vice president owned 216,641 shares in the company, valued at $4,746,604.31. This trade represents a 19.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David C. Sienko sold 207,553 shares of the company’s stock in a transaction dated 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 sale, the vice president owned 906,370 shares of the company’s stock, valued at approximately $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. Company insiders own 1.40% of the company’s stock.

Hecla Mining Price Performance

Shares of Hecla Mining stock opened at $21.71 on Wednesday. The firm has a market capitalization of $14.55 billion, a PE ratio of 44.31 and a beta of 1.22. The company has a current ratio of 2.72, a quick ratio of 2.22 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a 12 month low of $4.46 and a 12 month high of $34.17. The business’s 50-day moving average price is $23.47 and its 200-day moving average price is $16.78.

Hecla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th will be given a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, March 9th. Hecla Mining’s dividend payout ratio (DPR) is presently 2.04%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Canadian Imperial Bank of Commerce increased their price objective on Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. 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, January 27th. Canaccord Genuity Group set a $26.50 target price on Hecla Mining in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. Finally, 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 report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.63.

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.