Samalin Investment Counsel LLC Invests $236,000 in Hecla Mining Company $HL

Samalin Investment Counsel LLC acquired a new position in Hecla Mining Company (NYSE:HLFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,511 shares of the basic materials company’s stock, valued at approximately $236,000.

A number of other institutional investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Hecla Mining by 40.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock valued at $102,144,000 after purchasing an additional 4,928,130 shares during the period. Tidal Investments LLC lifted its position in shares of Hecla Mining by 14.7% during the 2nd quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock valued at $120,509,000 after buying an additional 2,574,855 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Hecla Mining by 565.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,431,420 shares of the basic materials company’s stock valued at $14,564,000 after buying an additional 2,066,310 shares in the last quarter. State Street Corp grew its stake in shares of Hecla Mining by 7.2% during the 2nd quarter. State Street Corp now owns 30,032,111 shares of the basic materials company’s stock valued at $179,892,000 after acquiring an additional 2,029,327 shares during the period. Finally, Man Group plc increased its holdings in Hecla Mining by 73.4% in the 2nd quarter. Man Group plc now owns 3,493,325 shares of the basic materials company’s stock worth $20,925,000 after acquiring an additional 1,479,049 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Insider Activity at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president owned 216,641 shares in the company, valued at $4,746,604.31. This trade represents a 19.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP David C. Sienko sold 207,553 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was 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 $17,601,705.40. This trade represents a 18.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 426,679 shares of company stock valued at $7,678,773. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

HL has been the topic of several analyst reports. HC Wainwright lifted their price target on shares of Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a report on Thursday, November 6th. CIBC raised their price objective on shares of Hecla Mining from $15.00 to $16.50 and gave the company a “neutral” rating in a research report on Tuesday, November 25th. Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Scotiabank began coverage on Hecla Mining in a research note on Thursday, November 13th. They issued a “sector perform” rating and a $15.00 price target for the company. Finally, Zacks Research upgraded Hecla Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.75.

Check Out Our Latest Research Report on HL

Key Headlines Impacting Hecla Mining

Here are the key news stories impacting Hecla Mining this week:

Hecla Mining Price Performance

Shares of NYSE:HL opened at $28.88 on Thursday. The firm has a market cap of $19.35 billion, a price-to-earnings ratio of 93.16 and a beta of 1.28. The firm has a fifty day moving average price of $19.16 and a 200 day moving average price of $13.09. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $29.33. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.51 and a current ratio of 2.15.

Hecla Mining (NYSE:HLGet Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The company had revenue of $409.54 million for the quarter, compared to the consensus estimate of $315.60 million. During the same period in the previous year, the firm posted $0.03 EPS. Hecla Mining’s revenue for the quarter was up 67.1% compared to the same quarter last year. As a group, sell-side analysts expect that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were given a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, November 24th. Hecla Mining’s payout ratio is currently 3.23%.

Hecla Mining Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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