J. Safra Sarasin Holding AG Sells 32,022 Shares of Hecla Mining Company $HL

J. Safra Sarasin Holding AG trimmed its position in Hecla Mining Company (NYSE:HL) by 34.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,992 shares of the basic materials company’s stock after selling 32,022 shares during the period. J. Safra Sarasin Holding AG’s holdings in Hecla Mining were worth $1,151,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Transce3nd LLC bought a new position in shares of Hecla Mining during the second quarter worth about $25,000. USA Financial Formulas bought a new stake in Hecla Mining in the 3rd quarter valued at approximately $25,000. UMB Bank n.a. lifted its stake in Hecla Mining by 2,390.0% in the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 2,390 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Hecla Mining by 255.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 4,425 shares during the last quarter. Finally, MAI Capital Management acquired a new position in Hecla Mining during the 3rd quarter worth approximately $39,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Stock Up 2.9%

HL stock opened at $19.18 on Thursday. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 39.14 and a beta of 1.40. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $34.17. The business has a 50 day moving average price of $22.14 and a two-hundred day moving average price of $18.25. The company has a quick ratio of 2.22, a current ratio of 2.72 and a debt-to-equity ratio of 0.10.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Monday, March 9th were issued 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 was Monday, March 9th. Hecla Mining’s payout ratio is presently 2.04%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HL. Wall Street Zen downgraded shares of Hecla Mining from a “strong-buy” rating to a “buy” rating in a report on Sunday. Roth Mkm set a $13.00 target price on shares of Hecla Mining in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. BMO Capital Markets lifted their price target on shares of Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Finally, Zacks Research cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.63.

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction on 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 sale, the vice president directly owned 216,641 shares of the company’s stock, valued at approximately $4,746,604.31. This represents a 19.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.62% of the company’s stock.

Hecla Mining Company Profile

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.