QP Wealth Management LLC Invests $801,000 in Hecla Mining Company $HL

QP Wealth Management LLC purchased a new position in Hecla Mining Company (NYSE:HL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 41,764 shares of the basic materials company’s stock, valued at approximately $801,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Hecla Mining by 133.4% in the fourth quarter. GAMMA Investing LLC now owns 15,000 shares of the basic materials company’s stock worth $288,000 after buying an additional 8,574 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in shares of Hecla Mining by 75.2% during the third quarter. Swiss Life Asset Management Ltd now owns 28,318 shares of the basic materials company’s stock valued at $343,000 after acquiring an additional 12,156 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of Hecla Mining during the third quarter valued at $97,000. Coldstream Capital Management Inc. bought a new position in shares of Hecla Mining during the third quarter worth about $557,000. Finally, Advisory Services Network LLC bought a new position in shares of Hecla Mining during the third quarter worth about $114,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity at Hecla Mining

In other news, VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,746,604.31. This represents a 19.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. HC Wainwright lifted their price objective on shares of Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Scotiabank upped their target price on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of Hecla Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, BMO Capital Markets boosted their price objective on Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 27th. One research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.63.

Hecla Mining Price Performance

Shares of NYSE HL opened at $17.18 on Friday. The stock has a market cap of $11.51 billion, a P/E ratio of 35.05 and a beta of 1.22. The firm’s 50-day simple moving average is $23.42 and its 200 day simple moving average is $17.75. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $34.17. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th will be given a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, March 9th. Hecla Mining’s payout ratio is 2.04%.

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.