MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 6,472,566 Shares of Hecla Mining Company $HL

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Hecla Mining Company (NYSE:HL) by 38.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,524,912 shares of the basic materials company’s stock after acquiring an additional 6,472,566 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 3.51% of Hecla Mining worth $284,651,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in Hecla Mining by 32.4% in the third quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock worth $603,566,000 after purchasing an additional 12,197,740 shares in the last quarter. Vanguard Group Inc. raised its position in Hecla Mining by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock valued at $863,324,000 after purchasing an additional 8,452,401 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Hecla Mining by 577.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,808,787 shares of the basic materials company’s stock worth $82,386,000 after buying an additional 5,804,298 shares during the period. Principal Financial Group Inc. grew its position in shares of Hecla Mining by 7,588.1% during the 3rd quarter. Principal Financial Group Inc. now owns 3,189,473 shares of the basic materials company’s stock worth $38,593,000 after buying an additional 3,147,987 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Hecla Mining by 374.2% during the 3rd quarter. First Trust Advisors LP now owns 3,277,748 shares of the basic materials company’s stock worth $39,661,000 after buying an additional 2,586,464 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HL. Roth Mkm set a $13.00 price objective on Hecla Mining in a report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. Scotiabank raised their target price on shares of Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Canaccord Genuity Group set a $26.50 price target on shares of Hecla Mining in a report on Friday, January 23rd. Finally, HC Wainwright upped their price target on shares of Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.63.

Hecla Mining Price Performance

NYSE HL opened at $19.86 on Tuesday. The firm’s fifty day simple moving average is $23.70 and its two-hundred day simple moving average is $17.60. The firm has a market capitalization of $13.31 billion, a P/E ratio of 40.52 and a beta of 1.22. The company has a current ratio of 2.72, a quick ratio of 2.22 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a 12-month low of $4.46 and a 12-month high of $34.17.

Hecla Mining Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, March 9th. Hecla Mining’s payout ratio is 2.04%.

Insider Activity

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was 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 owned 216,641 shares of the company’s stock, valued at approximately $4,746,604.31. This trade represents a 19.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David C. Sienko sold 207,553 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was 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 in the company, valued at $17,601,705.40. The trade was a 18.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

Hecla Mining 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.