Swiss National Bank Has $2.29 Million Position in Hecla Mining (HL)
Swiss National Bank increased its stake in shares of Hecla Mining (NYSE:HL) by 18.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 819,462 shares of the basic materials company’s stock after buying an additional 124,825 shares during the quarter. Swiss National Bank owned 0.17% of Hecla Mining worth $2,286,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of HL. Rhumbline Advisers raised its holdings in Hecla Mining by 13.2% during the third quarter. Rhumbline Advisers now owns 469,248 shares of the basic materials company’s stock worth $1,309,000 after acquiring an additional 54,587 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Hecla Mining by 19.2% during the third quarter. JPMorgan Chase & Co. now owns 181,355 shares of the basic materials company’s stock worth $506,000 after acquiring an additional 29,221 shares in the last quarter. Strategic Wealth Advisors Group LLC bought a new stake in Hecla Mining during the third quarter worth about $279,000. SG Americas Securities LLC raised its holdings in Hecla Mining by 32.1% during the third quarter. SG Americas Securities LLC now owns 327,550 shares of the basic materials company’s stock worth $914,000 after acquiring an additional 79,591 shares in the last quarter. Finally, Congress Asset Management Co. MA bought a new stake in Hecla Mining during the third quarter worth about $3,428,000. Institutional investors and hedge funds own 59.06% of the company’s stock.
Hecla Mining stock opened at $2.37 on Wednesday. Hecla Mining has a 12 month low of $2.17 and a 12 month high of $4.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.50. The company has a market capitalization of $1.14 billion, a PE ratio of 23.70 and a beta of 0.43.
The company also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Tuesday, November 20th were given a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, November 19th. Hecla Mining’s payout ratio is 10.00%.
Several analysts recently issued reports on HL shares. Zacks Investment Research upgraded Hecla Mining from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. BMO Capital Markets restated a “hold” rating and issued a $3.50 price objective (down previously from $4.00) on shares of Hecla Mining in a research note on Thursday, August 9th. HC Wainwright set a $7.00 price objective on Hecla Mining and gave the company a “buy” rating in a research note on Friday, August 10th. Royal Bank of Canada restated a “hold” rating and issued a $4.00 price objective on shares of Hecla Mining in a research note on Friday, August 10th. Finally, Canaccord Genuity restated a “hold” rating and issued a $3.25 price objective on shares of Hecla Mining in a research note on Monday, August 13th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $4.59.
About Hecla Mining
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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