Creative Planning lowered its stake in shares of Hecla Mining (NYSE:HL) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,628 shares of the basic materials company’s stock after selling 5,400 shares during the quarter. Creative Planning’s holdings in Hecla Mining were worth $195,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Hecla Mining by 13.0% during the second quarter. Bank of America Corp DE now owns 712,595 shares of the basic materials company’s stock worth $1,282,000 after acquiring an additional 82,094 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Hecla Mining by 187.2% during the second quarter. Cubist Systematic Strategies LLC now owns 58,586 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 38,186 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Hecla Mining by 11.8% during the second quarter. UBS Asset Management Americas Inc. now owns 284,999 shares of the basic materials company’s stock worth $513,000 after acquiring an additional 30,065 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Hecla Mining during the second quarter worth approximately $3,389,000. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Hecla Mining by 35.2% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 9,767,935 shares of the basic materials company’s stock worth $17,192,000 after acquiring an additional 2,541,606 shares in the last quarter. Institutional investors own 57.43% of the company’s stock.
Several research firms have commented on HL. BMO Capital Markets raised shares of Hecla Mining from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $1.60 to $2.20 in a research note on Thursday, November 7th. ValuEngine downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Cantor Fitzgerald upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a report on Friday, November 8th. CIBC upgraded shares of Hecla Mining from an “underperform” rating to a “neutral” rating and set a $3.75 target price on the stock in a report on Tuesday, January 7th. Finally, Royal Bank of Canada restated a “sell” rating and issued a $2.75 target price on shares of Hecla Mining in a report on Sunday, February 9th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $2.35.
In other news, Director Terry V. Rogers sold 17,300 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $3.32, for a total value of $57,436.00. Following the transaction, the director now owns 105,013 shares in the company, valued at $348,643.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by company insiders.
Shares of Hecla Mining stock opened at $2.92 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.55 and a current ratio of 1.53. Hecla Mining has a 52-week low of $1.21 and a 52-week high of $3.51. The company’s 50 day moving average price is $3.18 and its 200-day moving average price is $2.40.
About Hecla Mining
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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