Hecla Mining Company $HL Shares Purchased by Alps Advisors Inc.

Alps Advisors Inc. grew its holdings in shares of Hecla Mining Company (NYSE:HL) by 144.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 416,781 shares of the basic materials company’s stock after purchasing an additional 246,419 shares during the period. Alps Advisors Inc.’s holdings in Hecla Mining were worth $5,043,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. USA Financial Formulas bought a new stake in shares of Hecla Mining during the 3rd quarter valued at about $25,000. UMB Bank n.a. boosted its stake in Hecla Mining by 2,390.0% in the third quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 2,390 shares during the period. Federated Hermes Inc. grew its holdings in shares of Hecla Mining by 29.9% during 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 during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Hecla Mining during the 3rd quarter worth approximately $49,000. Finally, Transce3nd LLC bought a new stake in shares of Hecla Mining in the 2nd quarter worth approximately $25,000. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $23.95 on Tuesday. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of 77.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.51. Hecla Mining Company has a 12 month low of $4.46 and a 12 month high of $34.17. The stock’s 50 day moving average price is $21.96 and its 200 day moving average price is $14.93.

Analyst Ratings Changes

A number of research analysts recently commented on HL shares. Scotiabank upped their price objective on Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. HC Wainwright upped their price target on shares of Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. BMO Capital Markets upped 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 report on Tuesday, January 27th. Finally, Canaccord Genuity Group set a $26.50 price target on shares of Hecla Mining in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hecla Mining presently has an average rating of “Hold” and a consensus target price of $22.00.

Insider Activity

In other Hecla Mining news, VP David C. Sienko sold 207,553 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total value of $4,030,679.26. Following the sale, the vice president directly owned 906,370 shares in the company, valued at approximately $17,601,705.40. The trade was a 18.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kurt Allen sold 52,219 shares of the firm’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 transaction, the vice president owned 216,641 shares of the company’s stock, valued at approximately $4,746,604.31. This trade represents a 19.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

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.