Hollencrest Capital Management Increases Stock Position in Hecla Mining (NYSE:HL)

Hollencrest Capital Management lifted its holdings in shares of Hecla Mining (NYSE:HL) by 83.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,260 shares of the basic materials company’s stock after purchasing an additional 30,500 shares during the period. Hollencrest Capital Management’s holdings in Hecla Mining were worth $346,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of HL. State Street Corp lifted its position in shares of Hecla Mining by 23.3% in the first quarter. State Street Corp now owns 31,925,189 shares of the basic materials company’s stock valued at $209,748,000 after acquiring an additional 6,033,244 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Hecla Mining by 325.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,801,009 shares of the basic materials company’s stock valued at $44,682,000 after purchasing an additional 5,202,053 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Hecla Mining by 40.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,091,952 shares of the basic materials company’s stock worth $67,424,000 after purchasing an additional 3,757,168 shares during the last quarter. Norges Bank purchased a new stake in shares of Hecla Mining during the fourth quarter worth about $16,808,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Hecla Mining by 1,189.4% during the first quarter. Ameriprise Financial Inc. now owns 2,991,309 shares of the basic materials company’s stock worth $18,935,000 after buying an additional 2,759,311 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hecla Mining

In related news, Director George R. Johnson bought 8,500 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $4.07 per share, with a total value of $34,595.00. Following the completion of the transaction, the director now directly owns 25,773 shares of the company’s stock, valued at $104,896.11. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Hecla Mining Trading Up 3.8 %

Shares of HL stock opened at $4.64 on Friday. Hecla Mining has a fifty-two week low of $3.55 and a fifty-two week high of $7.00. The firm’s 50 day moving average price is $4.04 and its two-hundred day moving average price is $4.79. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of -51.56 and a beta of 2.08. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.31.

Hecla Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Friday, November 24th will be given a dividend of $0.006 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.52%. Hecla Mining’s dividend payout ratio (DPR) is -33.33%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. TheStreet lowered shares of Hecla Mining from a “c-” rating to a “d+” rating in a research report on Tuesday, September 12th. Roth Capital upgraded Hecla Mining from a “neutral” rating to a “buy” rating in a report on Friday, October 13th. Roth Mkm upgraded Hecla Mining from a “neutral” rating to a “buy” rating and upped their target price for the company from $4.00 to $4.40 in a research note on Friday, October 13th. TD Securities reduced their target price on Hecla Mining from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Finally, B. Riley lowered their price target on Hecla Mining from $6.00 to $5.50 and set a “buy” rating for the company in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.43.

Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors; and doré containing silver and gold.