Steadtrust LLC Trims Stock Position in Hecla Mining Company $HL

Steadtrust LLC reduced its holdings in Hecla Mining Company (NYSE:HL) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 465,880 shares of the basic materials company’s stock after selling 63,230 shares during the period. Hecla Mining makes up about 5.5% of Steadtrust LLC’s investment portfolio, making the stock its 3rd biggest position. Steadtrust LLC owned approximately 0.07% of Hecla Mining worth $8,940,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ninety One UK Ltd boosted its holdings in Hecla Mining by 1.7% during the third quarter. Ninety One UK Ltd now owns 6,219,902 shares of the basic materials company’s stock worth $75,261,000 after buying an additional 103,009 shares during the last quarter. Maryland State Retirement & Pension System bought a new position in shares of Hecla Mining during the third quarter worth $1,150,000. Yousif Capital Management LLC bought a new stake in shares of Hecla Mining in the 3rd quarter valued at $2,483,000. Berman McAleer LLC bought a new position in Hecla Mining during the third quarter worth about $593,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Hecla Mining in the third quarter valued at about $1,785,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Price Performance

Shares of NYSE HL opened at $17.18 on Monday. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $34.17. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 35.05 and a beta of 1.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 2.22. The business has a 50-day moving average of $23.42 and a 200-day moving average of $17.87.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Monday, March 9th will be 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 of this dividend is Monday, March 9th. Hecla Mining’s dividend payout ratio (DPR) is 2.04%.

Insider Activity

In related news, VP Kurt Allen sold 52,219 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total value of $1,144,118.29. Following the completion of the sale, the vice president directly owned 216,641 shares in the company, valued at approximately $4,746,604.31. This trade represents a 19.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HL shares. Roth Mkm set a $13.00 target price on Hecla Mining in a research note on Wednesday, February 18th. Canaccord Genuity Group set a $26.50 price objective on shares of Hecla Mining in a research report on Friday, January 23rd. Scotiabank increased their target price on Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. BMO Capital Markets boosted their price target on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a report on Tuesday, January 27th. Finally, Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hecla Mining presently has an average 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.