MH & Associates Securities Management Corp ADV Makes New Investment in Hecla Mining Company $HL

MH & Associates Securities Management Corp ADV acquired a new position in Hecla Mining Company (NYSE:HL) in the 4th quarter, Holdings Channel reports. The firm acquired 46,200 shares of the basic materials company’s stock, valued at approximately $887,000.

Other institutional investors have also added to or reduced their stakes in the company. Lodestone Wealth Management LLC bought a new position in Hecla Mining in the 4th quarter worth $28,000. USA Financial Formulas bought a new position in Hecla Mining in the 3rd quarter worth $25,000. UMB Bank n.a. raised its holdings 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 worth $30,000 after purchasing an additional 2,390 shares in the last quarter. Stone House Investment Management LLC raised its holdings in Hecla Mining by 449.0% in the 4th quarter. Stone House Investment Management LLC now owns 2,811 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 2,299 shares in the last quarter. Finally, MAI Capital Management bought a new position in shares of Hecla Mining in the 3rd quarter worth about $39,000. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HL. Canadian Imperial Bank of Commerce increased their price target on shares of Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Zacks Research lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Canaccord Genuity Group set a $26.50 price target on shares of Hecla Mining in a research note on Friday, January 23rd. Wall Street Zen lowered shares of Hecla Mining from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 29th. Finally, BMO Capital Markets increased their price target on shares of Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.63.

Hecla Mining Stock Up 0.9%

Shares of Hecla Mining stock opened at $19.53 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 2.22. The company has a 50-day moving average of $21.09 and a 200 day moving average of $18.53. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 39.85 and a beta of 1.40. Hecla Mining Company has a 1 year low of $4.51 and a 1 year high of $34.17.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Monday, March 9th were given a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 9th. Hecla Mining’s dividend 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.