Universal Beteiligungs und Servicegesellschaft mbH Invests $2.04 Million in Hecla Mining Company (NYSE:HL)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Hecla Mining Company (NYSE:HL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 367,254 shares of the basic materials company's stock, valued at approximately $2,042,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Hecla Mining as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HL. Wealth Enhancement Advisory Services LLC grew its position in Hecla Mining by 13.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,883 shares of the basic materials company's stock worth $93,000 after purchasing an additional 2,169 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Hecla Mining by 10.7% during the 4th quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company's stock worth $125,000 after buying an additional 2,457 shares in the last quarter. Xponance Inc. boosted its stake in shares of Hecla Mining by 5.9% in the 1st quarter. Xponance Inc. now owns 45,092 shares of the basic materials company's stock worth $251,000 after buying an additional 2,525 shares during the last quarter. Choreo LLC grew its holdings in shares of Hecla Mining by 16.3% in the first quarter. Choreo LLC now owns 21,561 shares of the basic materials company's stock valued at $120,000 after acquiring an additional 3,018 shares in the last quarter. Finally, Rathbones Group PLC grew its holdings in shares of Hecla Mining by 10.3% in the fourth quarter. Rathbones Group PLC now owns 42,854 shares of the basic materials company's stock valued at $210,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Activity at Hecla Mining

In related news, VP Stuart Maurice Absolom sold 18,926 shares of Hecla Mining stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $6.66, for a total value of $126,047.16. Following the completion of the transaction, the vice president directly owned 59,410 shares in the company, valued at approximately $395,670.60. The trade was a 24.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Catherine J. Boggs bought 20,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were acquired at an average cost of $4.99 per share, for a total transaction of $99,800.00. Following the acquisition, the director directly owned 348,169 shares in the company, valued at approximately $1,737,363.31. This trade represents a 6.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.62% of the company's stock.

Hecla Mining Stock Performance

Shares of NYSE HL traded down $0.05 during trading on Friday, reaching $5.69. 19,450,981 shares of the stock traded hands, compared to its average volume of 19,535,018. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 0.75. The stock has a market capitalization of $3.60 billion, a P/E ratio of 51.73 and a beta of 1.27. Hecla Mining Company has a 52-week low of $4.41 and a 52-week high of $7.68. The company has a 50-day moving average of $5.91 and a 200-day moving average of $5.62.

Hecla Mining (NYSE:HL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $261.34 million during the quarter, compared to the consensus estimate of $238.50 million. Hecla Mining had a net margin of 7.13% and a return on equity of 3.87%. The company's revenue was up 37.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. Analysts forecast that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. CIBC lifted their price target on Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. TD Securities lowered their target price on Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. BMO Capital Markets reissued a "market perform" rating and issued a $5.50 price target (down from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Roth Capital restated a "neutral" rating and set a $6.00 price target on shares of Hecla Mining in a research report on Tuesday, July 1st. Finally, National Bankshares set a $7.00 price objective on shares of Hecla Mining in a report on Friday, June 13th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $7.07.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.