Crabel Capital Management LLC Takes $544,000 Position in Hecla Mining Company $HL

Crabel Capital Management LLC bought a new position in Hecla Mining Company (NYSE:HL) during the 3rd quarter, Holdings Channel reports. The fund bought 45,000 shares of the basic materials company’s stock, valued at approximately $544,000.

Other hedge funds also recently made changes to their positions in the company. Ninety One UK Ltd boosted its position in shares of Hecla Mining by 1.7% during the 3rd quarter. Ninety One UK Ltd now owns 6,219,902 shares of the basic materials company’s stock valued at $75,261,000 after acquiring an additional 103,009 shares during the last quarter. Maryland State Retirement & Pension System bought a new stake in Hecla Mining in the third quarter worth $1,150,000. Yousif Capital Management LLC bought a new stake in Hecla Mining in the third quarter worth $2,483,000. Berman McAleer LLC purchased a new stake in Hecla Mining during the third quarter valued at $593,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Hecla Mining during the second quarter valued at $2,256,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hecla Mining

In related news, VP David C. Sienko sold 207,553 shares of the 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 of the company’s stock, valued at $17,601,705.40. This represents a 18.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $1,144,118.29. Following the completion of the sale, the vice president directly owned 216,641 shares of the company’s stock, valued at approximately $4,746,604.31. The trade was a 19.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.62% of the company’s stock.

Hecla Mining Trading Down 1.6%

HL stock opened at $20.46 on Friday. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $34.17. The stock has a market capitalization of $13.72 billion, a price-to-earnings ratio of 41.76 and a beta of 1.22. 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’s fifty day simple moving average is $23.53 and its two-hundred day simple moving average is $17.00.

Hecla Mining Dividend Announcement

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

Wall Street Analysts Forecast Growth

HL has been the subject of a number of recent research reports. Canaccord Genuity Group set a $26.50 price objective on shares of 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. Scotiabank lifted their price target on Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce boosted their price objective on Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Roth Mkm set a $13.00 price objective on Hecla Mining in a research report on Wednesday, February 18th. One 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.63.

About Hecla Mining

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.