Hecla Mining (NYSE:HL) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of Hecla Mining (NYSE:HL - Free Report) by 85.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 335,662 shares of the basic materials company's stock after buying an additional 154,307 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of Hecla Mining worth $1,648,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. KBC Group NV grew its stake in Hecla Mining by 19.2% in the 3rd quarter. KBC Group NV now owns 18,075 shares of the basic materials company's stock worth $121,000 after acquiring an additional 2,909 shares during the period. Thrivent Financial for Lutherans acquired a new position in Hecla Mining in the third quarter valued at $2,373,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Hecla Mining by 83.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 858,091 shares of the basic materials company's stock valued at $5,723,000 after purchasing an additional 391,114 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Hecla Mining during the 3rd quarter worth about $430,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Hecla Mining by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company's stock worth $44,813,000 after acquiring an additional 456,107 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

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Hecla Mining Stock Down 1.1 %

Shares of NYSE:HL traded down $0.07 during mid-day trading on Wednesday, hitting $5.77. 12,774,645 shares of the company traded hands, compared to its average volume of 12,046,741. The firm's 50 day simple moving average is $5.59 and its 200 day simple moving average is $5.84. The firm has a market cap of $3.64 billion, a P/E ratio of 115.32 and a beta of 1.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. Hecla Mining has a 52-week low of $4.23 and a 52-week high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $249.66 million for the quarter, compared to analysts' expectations of $229.21 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. On average, equities analysts anticipate that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.0038 dividend. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. TD Securities cut shares of Hecla Mining from a "buy" rating to a "hold" rating and lowered their price objective for the company from $6.50 to $5.50 in a research note 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. StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a report on Friday, March 21st. Finally, Roth Mkm reduced 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. Five 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. Based on data from MarketBeat.com, Hecla Mining presently has an average rating of "Moderate Buy" and an average price target of $7.75.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 9,195 shares of the company'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 $47,630.10. Following the transaction, the vice president now directly owns 104,512 shares of the company's stock, valued at $541,372.16. This represents a 8.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Russell Douglas Lawlar sold 16,333 shares of Hecla Mining stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $84,604.94. Following the completion of the sale, the chief financial officer now 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 position. The disclosure for this sale can be found here. Insiders sold a total of 57,915 shares of company stock valued at $300,000 in the last ninety days. Insiders own 1.40% of the company's stock.

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.