Hecla Mining (HL) Position Boosted by Global X Management Co. LLC

Global X Management Co. LLC increased its stake in Hecla Mining (NYSE:HL) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,927,739 shares of the basic materials company’s stock after acquiring an additional 353,496 shares during the quarter. Global X Management Co. LLC owned about 0.98% of Hecla Mining worth $15,593,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Old Mutual Global Investors UK Ltd. lifted its stake in shares of Hecla Mining by 28.6% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 2,384,211 shares of the basic materials company’s stock worth $9,465,000 after acquiring an additional 530,000 shares during the period. KBC Group NV lifted its stake in Hecla Mining by 322.3% in the fourth quarter. KBC Group NV now owns 589,980 shares of the basic materials company’s stock valued at $2,343,000 after buying an additional 450,273 shares during the period. California Public Employees Retirement System lifted its stake in Hecla Mining by 2.8% in the fourth quarter. California Public Employees Retirement System now owns 650,228 shares of the basic materials company’s stock valued at $2,581,000 after buying an additional 17,800 shares during the period. Teacher Retirement System of Texas lifted its stake in Hecla Mining by 311.4% in the fourth quarter. Teacher Retirement System of Texas now owns 134,694 shares of the basic materials company’s stock valued at $535,000 after buying an additional 101,954 shares during the period. Finally, Alps Advisors Inc. lifted its stake in Hecla Mining by 179.6% in the fourth quarter. Alps Advisors Inc. now owns 1,844,444 shares of the basic materials company’s stock valued at $7,322,000 after buying an additional 1,184,666 shares during the period. 56.62% of the stock is currently owned by institutional investors.

Hecla Mining (NYSE:HL) opened at $4.02 on Thursday. The company has a current ratio of 2.69, a quick ratio of 2.15 and a debt-to-equity ratio of 0.34. Hecla Mining has a 12-month low of $3.38 and a 12-month high of $6.72. The firm has a market capitalization of $1,544.20, a P/E ratio of 67.00, a PEG ratio of 25.38 and a beta of 0.25.

In other news, Director Theodore Crumley bought 10,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were bought at an average cost of $3.49 per share, with a total value of $34,900.00. Following the completion of the transaction, the director now directly owns 126,536 shares of the company’s stock, valued at $441,610.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phillips S. Baker, Jr. bought 13,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were purchased at an average cost of $3.76 per share, for a total transaction of $48,880.00. The disclosure for this purchase can be found here. 1.50% of the stock is owned by corporate insiders.

Several brokerages have issued reports on HL. Zacks Investment Research raised Hecla Mining from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. HC Wainwright set a $9.00 price target on Hecla Mining and gave the company a “buy” rating in a research note on Thursday, February 8th. ValuEngine lowered Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Canaccord Genuity reissued a “buy” rating and issued a $5.00 price target on shares of Hecla Mining in a research note on Monday, January 8th. Finally, Cantor Fitzgerald began coverage on Hecla Mining in a research note on Monday, December 4th. They issued a “buy” rating and a $5.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Hecla Mining currently has an average rating of “Hold” and an average price target of $5.61.

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About Hecla Mining

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.

Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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