Hecla Mining Company $HL Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its stake in Hecla Mining Company (NYSE:HL) by 90.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 657,431 shares of the basic materials company’s stock after purchasing an additional 313,036 shares during the period. Thrivent Financial for Lutherans’ holdings in Hecla Mining were worth $7,955,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Transce3nd LLC acquired a new position in shares of Hecla Mining in the 2nd quarter valued at $25,000. USA Financial Formulas purchased a new position in Hecla Mining in the third quarter valued at $25,000. EverSource Wealth Advisors LLC raised its position in shares of Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 4,425 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Hecla Mining during the 2nd quarter worth about $44,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of Hecla Mining in the 3rd quarter valued at about $49,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Price Performance

NYSE:HL opened at $21.29 on Friday. 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. The stock has a market cap of $14.26 billion, a PE ratio of 68.66 and a beta of 1.25. The stock has a 50 day moving average price of $21.70 and a 200 day moving average price of $14.57.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $409.54 million for the quarter, compared to analysts’ expectations of $315.60 million. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The company’s revenue was up 67.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS. Equities research analysts expect that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Insider Activity at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction dated 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 transaction, the vice president owned 216,641 shares of the company’s stock, valued at $4,746,604.31. This represents a 19.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP David C. Sienko sold 207,553 shares of Hecla Mining stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the sale, the vice president 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 426,679 shares of company stock worth $7,678,773. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

HL has been the topic of a number of recent analyst reports. HC Wainwright increased their target price on Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Hecla Mining in a research note on Monday, December 29th. Zacks Research upgraded Hecla Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. BMO Capital Markets increased their target price on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a report on Tuesday, January 27th. Finally, Roth Mkm reaffirmed a “sell” rating and issued a $16.00 price target on shares of Hecla Mining in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hecla Mining presently has an average rating of “Hold” and an average target price of $22.00.

About Hecla Mining

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.