Hecla Mining Company $HL Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in Hecla Mining Company (NYSE:HL) by 7,588.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,189,473 shares of the basic materials company’s stock after purchasing an additional 3,147,987 shares during the period. Principal Financial Group Inc.’s holdings in Hecla Mining were worth $38,593,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HL. Ninety One UK Ltd raised its position in shares of Hecla Mining by 1.7% during the 3rd 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 in the last quarter. Maryland State Retirement & Pension System bought a new position in shares of Hecla Mining in the third quarter valued at approximately $1,150,000. Yousif Capital Management LLC acquired a new position in shares of Hecla Mining during the third quarter valued at approximately $2,483,000. Berman McAleer LLC bought a new stake in Hecla Mining during the third quarter worth approximately $593,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Hecla Mining in the second quarter worth approximately $2,256,000. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HL shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. Canaccord Genuity Group set a $26.50 target price on Hecla Mining in a report on Friday, January 23rd. Zacks Research raised shares of Hecla Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. BMO Capital Markets raised their price objective on shares of Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, January 27th. Finally, CIBC boosted their target price on shares of Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hecla Mining has a consensus rating of “Hold” and an average target price of $22.00.

Insiders Place Their Bets

In other Hecla Mining news, VP David C. Sienko sold 207,553 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the sale, the vice president directly owned 906,370 shares of the company’s stock, valued at $17,601,705.40. The trade was a 18.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Russell Douglas Lawlar sold 148,372 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $15.00, for a total value of $2,225,580.00. Following the completion of the sale, the chief financial officer owned 347,402 shares of the company’s stock, valued at $5,211,030. The trade was a 29.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 426,679 shares of company stock worth $7,678,773. Corporate insiders own 0.62% of the company’s stock.

Hecla Mining Price Performance

HL stock opened at $21.29 on Friday. Hecla Mining Company has a one year low of $4.46 and a one year high of $34.17. The firm has a 50-day moving average of $21.70 and a two-hundred day moving average of $14.57. The firm has a market capitalization of $14.26 billion, a PE ratio of 68.66 and a beta of 1.25. The company has a current ratio of 2.15, a quick ratio of 1.51 and a debt-to-equity ratio of 0.11.

Hecla Mining (NYSE:HL) last released 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. The business had revenue of $409.54 million for the quarter, compared to analyst estimates of $315.60 million. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The firm’s revenue was up 67.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 earnings per share. On average, analysts forecast that Hecla Mining Company will post 0.21 earnings per share for the current year.

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.