61,609 Shares in Hecla Mining Company $HL Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC bought a new position in shares of Hecla Mining Company (NYSE:HL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 61,609 shares of the basic materials company's stock, valued at approximately $1,182,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Van ECK Associates Corp boosted its holdings in Hecla Mining by 32.4% in the 3rd quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company's stock worth $603,566,000 after acquiring an additional 12,197,740 shares during the period. Vanguard Group Inc. boosted its holdings in Hecla Mining by 13.4% in the 3rd quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company's stock worth $863,324,000 after acquiring an additional 8,452,401 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hecla Mining by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company's stock worth $284,651,000 after purchasing an additional 6,472,566 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Hecla Mining by 577.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,808,787 shares of the basic materials company's stock worth $82,386,000 after purchasing an additional 5,804,298 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Hecla Mining by 14.8% during the third quarter. State Street Corp now owns 34,485,817 shares of the basic materials company's stock worth $417,278,000 after purchasing an additional 4,453,706 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Roth Mkm set a $13.00 price target on shares of Hecla Mining in a report on Wednesday, February 18th. HC Wainwright lifted their price target 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. BMO Capital Markets lifted their price target on shares of Hecla Mining from $16.00 to $28.00 and gave the stock a "market perform" rating in a research note on Tuesday, January 27th. Scotiabank lifted their price target on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Monday, January 26th. Finally, Zacks Research downgraded shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hecla Mining has a consensus rating of "Hold" and a consensus price target of $21.31.

Hecla Mining Stock Performance

Hecla Mining stock opened at $18.04 on Friday. The stock has a market cap of $12.09 billion, a P/E ratio of 36.81 and a beta of 1.40. The company has a current ratio of 2.72, a quick ratio of 2.22 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $19.84 and a 200-day moving average of $19.25. Hecla Mining Company has a 52 week low of $4.51 and a 52 week high of $34.17.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Monday, March 9th were paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, March 9th. Hecla Mining's dividend payout ratio is 2.04%.

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.

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