Charles Schwab Investment Management Inc. Has $35.45 Million Stock Position in Hecla Mining (NYSE:HL)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Hecla Mining (NYSE:HL) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,220,645 shares of the basic materials company’s stock after purchasing an additional 502,094 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hecla Mining were worth $35,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Hecla Mining by 771.8% in the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 4,438 shares during the period. Ameliora Wealth Management Ltd. bought a new stake in Hecla Mining in the 4th quarter valued at $25,000. Principal Securities Inc. bought a new stake in Hecla Mining in the 4th quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Hecla Mining in the 3rd quarter valued at $28,000. Finally, Blue Trust Inc. boosted its stake in Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 1,961 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Price Performance

Shares of HL opened at $5.75 on Monday. Hecla Mining has a 12-month low of $4.04 and a 12-month high of $7.68. The business has a 50-day simple moving average of $5.50 and a two-hundred day simple moving average of $5.84. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The stock has a market cap of $3.63 billion, a PE ratio of 114.92 and a beta of 1.94.

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 the consensus estimate of $0.05 by ($0.01). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The company had revenue of $249.66 million during the quarter, compared to analyst estimates of $229.21 million. Analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

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

Analyst Ratings Changes

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

Insider Activity at Hecla Mining

In other news, CEO Robert Krcmarov purchased 6,570 shares of the business’s stock in a transaction on 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 completion of the acquisition, the chief executive officer now owns 331,856 shares in the company, valued at approximately $1,755,518.24. The trade was a 2.02 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Russell Douglas Lawlar sold 16,333 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $84,604.94. Following the completion of the sale, the chief financial officer now directly owns 297,983 shares of the company’s stock, valued at approximately $1,543,551.94. This trade represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,915 shares of company stock worth $300,000 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

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.