Intech Investment Management LLC Decreases Stake in Hecla Mining Company $HL

Intech Investment Management LLC lessened its position in shares of Hecla Mining Company (NYSE:HL) by 39.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,309 shares of the basic materials company’s stock after selling 101,663 shares during the period. Intech Investment Management LLC’s holdings in Hecla Mining were worth $1,879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of Hecla Mining during the 3rd quarter worth $25,000. UMB Bank n.a. raised 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 buying an additional 2,390 shares in the last quarter. MAI Capital Management purchased a new stake in Hecla Mining during the 3rd quarter worth about $39,000. Federated Hermes Inc. lifted its holdings in Hecla Mining by 29.9% during the 3rd quarter. Federated Hermes Inc. now owns 4,023 shares of the basic materials company’s stock worth $49,000 after buying an additional 926 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of Hecla Mining during the 3rd quarter worth about $49,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Stock Performance

NYSE HL opened at $21.76 on Thursday. The business’s 50-day moving average price is $23.51 and its 200 day moving average price is $16.81. The company has a quick ratio of 2.22, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. The firm has a market cap of $14.59 billion, a P/E ratio of 44.41 and a beta of 1.22. Hecla Mining Company has a 52-week low of $4.46 and a 52-week high of $34.17.

Hecla Mining Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HL shares. Canadian Imperial Bank of Commerce boosted 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. Roth Mkm set a $13.00 price objective on shares of Hecla Mining in a report on Wednesday, February 18th. HC Wainwright upped their target price on shares of Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a report on Tuesday, January 27th. Canaccord Genuity Group set a $26.50 price target on shares of Hecla Mining in a research note on Friday, January 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $21.63.

Insider Activity at Hecla Mining

In other Hecla Mining news, VP David C. Sienko sold 207,553 shares of the business’s stock in a transaction on 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 directly owned 906,370 shares in the company, valued at approximately $17,601,705.40. The trade was a 18.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kurt Allen sold 52,219 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the sale, the vice president directly owned 216,641 shares in the company, valued at approximately $4,746,604.31. This represents a 19.42% decrease in their position. The SEC filing for this sale provides additional information. 0.62% of the stock is owned by company insiders.

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.