Hecla Mining (NYSE:HL) Stock Position Raised by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Hecla Mining (NYSE:HL) by 85.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 335,662 shares of the basic materials company’s stock after purchasing an additional 154,307 shares during the quarter. Intech Investment Management LLC’s holdings in Hecla Mining were worth $1,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Hecla Mining by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company’s stock valued at $92,499,000 after buying an additional 711,676 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Hecla Mining by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company’s stock worth $35,453,000 after purchasing an additional 502,094 shares during the last quarter. FMR LLC grew its position in Hecla Mining by 51.3% in the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock worth $36,258,000 after purchasing an additional 1,842,991 shares during the last quarter. Wealthfront Advisers LLC bought a new position in Hecla Mining in the 4th quarter worth about $18,441,000. Finally, JPMorgan Chase & Co. grew its position in Hecla Mining by 43.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,481,761 shares of the basic materials company’s stock worth $23,223,000 after purchasing an additional 1,059,929 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at Hecla Mining

In other news, CAO Michael L. Clary sold 32,387 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $167,764.66. Following the transaction, the chief accounting officer now owns 246,440 shares in the company, valued at $1,276,559.20. This represents a 11.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kurt Allen sold 9,195 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $47,630.10. Following the transaction, the vice president now owns 104,512 shares in the company, valued at approximately $541,372.16. This trade represents a 8.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,915 shares of company stock worth $300,000. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HL has been the subject of several recent analyst reports. HC Wainwright restated a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a research report on Friday, February 14th. TD Securities cut shares of Hecla Mining from a “buy” rating to a “hold” rating and decreased their target price for the stock from $6.50 to $5.50 in a research report on Tuesday, March 11th. StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday, February 17th. Finally, Roth Mkm decreased their target price on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.75.

Hecla Mining Trading Down 1.6 %

Shares of NYSE:HL opened at $5.76 on Friday. The company has a 50 day moving average of $5.56 and a 200-day moving average of $5.83. The firm has a market cap of $3.64 billion, a P/E ratio of 115.12 and a beta of 1.94. Hecla Mining has a twelve month low of $4.22 and a twelve month high of $7.68. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The company had revenue of $249.66 million during the quarter, compared to analyst estimates of $229.21 million. As a group, analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.0038 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.26%. Hecla Mining’s dividend payout ratio is presently 20.00%.

About Hecla Mining

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.