Hecla Mining (NYSE:HL) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Hecla Mining (NYSE:HL) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,220,645 shares of the basic materials company’s stock after acquiring an additional 502,094 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.15% of Hecla Mining worth $35,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in shares of Hecla Mining in the 4th quarter valued at about $73,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Hecla Mining in the 4th quarter valued at about $44,000. U S Global Investors Inc. increased its holdings in shares of Hecla Mining by 150.0% in the 4th quarter. U S Global Investors Inc. now owns 500,000 shares of the basic materials company’s stock valued at $2,455,000 after purchasing an additional 300,000 shares during the period. Proficio Capital Partners LLC acquired a new position in Hecla Mining in the fourth quarter worth approximately $207,000. Finally, Schnieders Capital Management LLC acquired a new position in Hecla Mining in the fourth quarter worth approximately $59,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hecla Mining

In other Hecla Mining news, CEO Robert Krcmarov acquired 6,570 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the acquisition, the chief executive officer now directly owns 331,856 shares of the company’s stock, valued at approximately $1,755,518.24. This trade represents a 2.02 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Russell Douglas Lawlar sold 16,333 shares of Hecla Mining stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $84,604.94. Following the transaction, the chief financial officer now owns 297,983 shares in the company, valued at $1,543,551.94. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,915 shares of company stock worth $300,000 over the last 90 days. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

HL has been the topic of a number of research reports. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. TD Securities downgraded Hecla Mining from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $6.50 to $5.50 in a report on Tuesday, March 11th. HC Wainwright restated a “buy” rating and issued a $11.50 price objective on shares of Hecla Mining in a report on Friday, February 14th. Finally, Roth Mkm dropped their price objective on Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $7.75.

Hecla Mining Stock Performance

Hecla Mining stock opened at $5.75 on Monday. Hecla Mining has a 52-week low of $4.04 and a 52-week high of $7.68. The firm has a market capitalization of $3.63 billion, a P/E ratio of 114.92 and a beta of 1.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The stock has a fifty day moving average price of $5.50 and a two-hundred day moving average price of $5.84.

Hecla Mining (NYSE:HL) last announced its 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 net margin of 3.85% and a return on equity of 3.10%. The business 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 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

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