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

Charles Schwab Investment Management Inc. boosted its holdings in Hecla Mining (NYSE:HL - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HL. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Hecla Mining during the third quarter valued at approximately $14,623,000. FMR LLC increased its position in shares of Hecla Mining by 51.3% during the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company's stock valued at $36,258,000 after purchasing an additional 1,842,991 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 1,059,929 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Hecla Mining by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company's stock worth $92,499,000 after buying an additional 711,676 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Hecla Mining by 378.1% in the third quarter. BNP Paribas Financial Markets now owns 897,261 shares of the basic materials company's stock valued at $5,985,000 after buying an additional 709,576 shares during the period. Institutional investors own 63.01% of the company's stock.

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Insiders Place Their Bets

In other news, CAO Michael L. Clary sold 32,387 shares of the firm's 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 approximately $1,276,559.20. This trade represents a 11.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Krcmarov acquired 6,570 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average price of $5.29 per share, with a total value of $34,755.30. Following the completion of the acquisition, the chief executive officer now directly owns 331,856 shares of the company's stock, valued at $1,755,518.24. This represents a 2.02 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 57,915 shares of company stock worth $300,000. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on HL. Roth Mkm dropped their price target on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. TD Securities lowered shares of Hecla Mining from a "buy" rating to a "hold" rating and decreased their price target for the stock from $6.50 to $5.50 in a research report on Tuesday, March 11th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given 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 price target of $7.75.

Hecla Mining Trading Up 0.4 %

Shares of HL stock traded up $0.03 during trading hours on Thursday, reaching $5.86. 12,988,973 shares of the stock traded hands, compared to its average volume of 11,866,176. 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 firm has a market capitalization of $3.70 billion, a PE ratio of 117.34 and a beta of 1.94. Hecla Mining has a 1-year low of $4.04 and a 1-year high of $7.68. The business has a fifty day moving average price of $5.54 and a 200 day moving average price of $5.83.

Hecla Mining (NYSE:HL - Get Free Report) last announced its 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). The firm had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. On average, equities research analysts forecast that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid 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 currently 20.00%.

Hecla Mining 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.