Federated Hermes Inc. Buys Shares of 213,135 Hecla Mining (NYSE:HL)

Federated Hermes Inc. acquired a new position in shares of Hecla Mining (NYSE:HL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 213,135 shares of the basic materials company's stock, valued at approximately $1,046,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Hecla Mining by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company's stock valued at $301,440,000 after buying an additional 774,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hecla Mining by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 13,904,662 shares of the basic materials company's stock worth $68,289,000 after purchasing an additional 39,421 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 valued at $35,453,000 after acquiring an additional 502,094 shares during the period. JPMorgan Chase & Co. raised its position in Hecla Mining by 20.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,189,473 shares of the basic materials company's stock worth $20,570,000 after purchasing an additional 707,712 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of Hecla Mining during the fourth quarter worth about $18,441,000. 63.01% of the stock is owned by institutional investors.

Hecla Mining Price Performance

Shares of HL stock traded down $0.19 during trading hours on Friday, hitting $5.81. 16,532,206 shares of the company's stock were exchanged, compared to its average volume of 13,141,359. The company has a market capitalization of $3.67 billion, a PE ratio of 116.12 and a beta of 1.77. 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 has a 12-month low of $4.41 and a 12-month high of $7.68. The business's 50 day simple moving average is $5.52 and its 200-day simple moving average is $5.71.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) 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 business had revenue of $249.66 million for the quarter, compared to analysts' expectations of $229.21 million. On average, equities research analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.0038 per share. The ex-dividend date was Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a yield of 0.26%. Hecla Mining's dividend payout ratio is currently 20.00%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HL. HC Wainwright reaffirmed a "buy" rating and set a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. National Bank Financial upgraded Hecla Mining to a "hold" rating in a research note on Friday, March 21st. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Roth Mkm reduced their price objective on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, TD Securities lowered shares of Hecla Mining from a "buy" rating to a "hold" rating and cut their price objective for the company from $6.50 to $5.50 in a research report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Hecla Mining currently has an average rating of "Moderate Buy" and an average target price of $7.75.

Insider Activity

In other Hecla Mining news, CEO Robert Krcmarov purchased 6,570 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average cost of $5.29 per share, with a total value of $34,755.30. Following the transaction, the chief executive officer now directly owns 331,856 shares in the company, valued at approximately $1,755,518.24. The trade was a 2.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Michael L. Clary sold 32,387 shares of the business's 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 $167,764.66. Following the completion of the sale, the chief accounting officer now directly owns 246,440 shares in the company, valued at approximately $1,276,559.20. This represents a 11.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,915 shares of company stock valued at $300,000. 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.