Brookstone Capital Management Has $1.52 Million Stake in Hecla Mining Company $HL

Brookstone Capital Management boosted its position in shares of Hecla Mining Company (NYSE:HL) by 657.1% during the 4th quarter, HoldingsChannel reports. The firm owned 79,410 shares of the basic materials company’s stock after buying an additional 68,921 shares during the quarter. Brookstone Capital Management’s holdings in Hecla Mining were worth $1,524,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HL. Transce3nd LLC acquired a new stake in shares of Hecla Mining in the second quarter worth $25,000. USA Financial Formulas acquired a new position in Hecla Mining during the third quarter valued at $25,000. UMB Bank n.a. raised its position in 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 lifted its stake in Hecla Mining by 255.6% in the 2nd 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 in the last quarter. Finally, MAI Capital Management purchased a new stake in Hecla Mining in the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HL shares. Canaccord Genuity Group set a $26.50 target price on Hecla Mining in a report on Friday, January 23rd. Canadian Imperial Bank of Commerce raised their price target on shares of Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Roth Mkm set a $13.00 price objective on shares of Hecla Mining in a research report on Wednesday, February 18th. Zacks Research lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Hecla Mining in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.63.

Hecla Mining Stock Performance

Shares of HL stock opened at $19.16 on Friday. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $34.17. The stock’s 50-day moving average is $21.65 and its two-hundred day moving average is $18.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 2.22. The firm has a market cap of $12.84 billion, a P/E ratio of 39.10 and a beta of 1.40.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Monday, March 9th were issued a $0.0038 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.04%.

Insiders Place Their Bets

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of Hecla Mining stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 216,641 shares in the company, valued at $4,746,604.31. The trade was a 19.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.