Public Sector Pension Investment Board Takes Position in Hecla Mining Company $HL

Public Sector Pension Investment Board purchased a new position in Hecla Mining Company (NYSE:HL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,579,159 shares of the basic materials company’s stock, valued at approximately $31,208,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HL. Transce3nd LLC bought a new position in Hecla Mining in the 2nd quarter worth about $25,000. USA Financial Formulas purchased a new stake in shares of Hecla Mining in the third quarter valued at approximately $25,000. UMB Bank n.a. grew its stake in Hecla Mining by 2,390.0% in the third 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. EverSource Wealth Advisors LLC increased its holdings in Hecla Mining by 255.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 4,425 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Hecla Mining during the 2nd quarter worth $44,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Performance

Shares of Hecla Mining stock opened at $22.61 on Friday. The company has a market capitalization of $15.15 billion, a PE ratio of 72.95 and a beta of 1.25. The company has a 50-day simple moving average of $22.39 and a two-hundred day simple moving average of $15.27. Hecla Mining Company has a one year low of $4.46 and a one year high of $34.17. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.51 and a current ratio of 2.15.

Insider Buying and Selling

In other news, VP David C. Sienko sold 207,553 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the transaction, the vice president directly owned 906,370 shares of the company’s stock, valued at approximately $17,601,705.40. This represents a 18.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Kurt Allen sold 52,219 shares of the stock in a transaction 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 sale, the vice president 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

HL has been the topic of a number of recent research reports. Scotiabank increased their price target on Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. HC Wainwright upped their price objective on shares of Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Canadian Imperial Bank of Commerce increased 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. Roth Mkm restated a “sell” rating and issued a $16.00 price target on shares of Hecla Mining in a report on Tuesday, January 27th. Finally, Canaccord Genuity Group set a $26.50 price target on shares of Hecla Mining in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.00.

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.