First Eagle Investment Management LLC Decreases Stock Position in Hecla Mining Company $HL

First Eagle Investment Management LLC trimmed its position in shares of Hecla Mining Company (NYSE:HL) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,750,788 shares of the basic materials company’s stock after selling 155,440 shares during the period. First Eagle Investment Management LLC owned approximately 0.26% of Hecla Mining worth $21,185,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC grew its stake in shares of Hecla Mining by 7.8% during the third quarter. Wealthfront Advisers LLC now owns 12,720 shares of the basic materials company’s stock valued at $154,000 after acquiring an additional 918 shares in the last quarter. Federated Hermes Inc. grew its stake 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 valued at $49,000 after purchasing an additional 926 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Hecla Mining by 9.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,620 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 1,134 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Hecla Mining by 28.7% in the 3rd quarter. GAMMA Investing LLC now owns 6,426 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 1,434 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Hecla Mining by 7.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,080 shares of the basic materials company’s stock valued at $276,000 after buying an additional 1,516 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $24.60 on Tuesday. 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 50-day moving average price is $23.44 and its two-hundred day moving average price is $16.68. Hecla Mining Company has a 52-week low of $4.46 and a 52-week high of $34.17. The stock has a market capitalization of $16.49 billion, a P/E ratio of 50.20 and a beta of 1.25.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors 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 yield of 0.1%. The ex-dividend date is Monday, March 9th. Hecla Mining’s dividend payout ratio is presently 2.04%.

Analyst Upgrades and Downgrades

HL has been the subject of a number of research analyst reports. Scotiabank lifted their price target on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. BMO Capital Markets boosted 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. Canaccord Genuity Group set a $26.50 price target on shares of Hecla Mining in a research report on Friday, January 23rd. Roth Mkm set a $13.00 price objective on Hecla Mining in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.63.

Insider Buying and Selling 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 owned 906,370 shares of the company’s stock, valued at $17,601,705.40. This trade represents a 18.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kurt Allen sold 52,219 shares of Hecla Mining 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 completion of the sale, the vice president owned 216,641 shares in the company, valued at approximately $4,746,604.31. This represents a 19.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is owned by company insiders.

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.