Sprott Inc. Has $11.85 Million Stock Holdings in Hecla Mining (NYSE:HL)

Sprott Inc. cut its position in Hecla Mining (NYSE:HL - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,413,202 shares of the basic materials company's stock after selling 408,181 shares during the quarter. Sprott Inc. owned about 0.38% of Hecla Mining worth $11,849,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Hecla Mining by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company's stock worth $44,813,000 after buying an additional 456,107 shares in the last quarter. FMR LLC raised 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 worth $36,258,000 after buying an additional 1,842,991 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Hecla Mining during the 3rd quarter worth about $1,210,000. Geode Capital Management LLC raised its holdings 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 purchasing an additional 711,676 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Hecla Mining by 378.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 897,261 shares of the basic materials company's stock worth $5,985,000 after purchasing an additional 709,576 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

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Hecla Mining Trading Up 1.3 %

Shares of Hecla Mining stock traded up $0.07 during trading on Friday, hitting $5.14. The stock had a trading volume of 22,063,220 shares, compared to its average volume of 17,922,162. The stock has a 50 day simple moving average of $5.42 and a 200 day simple moving average of $5.87. The company has a market capitalization of $3.24 billion, a PE ratio of 102.72 and a beta of 1.91. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. Hecla Mining has a 1 year low of $3.51 and a 1 year high of $7.68.

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

Hecla Mining Cuts Dividend

The business also recently disclosed 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. This represents a $0.02 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Monday, March 10th. Hecla Mining's payout ratio is presently 20.00%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Roth Mkm dropped their target price on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, February 18th. National Bank Financial downgraded shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. TD Securities dropped their target price on shares of Hecla Mining from $7.00 to $6.50 and set a "buy" rating on the stock in a report on Friday, February 21st. HC Wainwright reiterated a "buy" rating and issued a $11.50 target price on shares of Hecla Mining in a report on Friday, February 14th. Finally, StockNews.com raised shares of Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.00.

Insider Activity at Hecla Mining

In related news, CAO Michael L. Clary sold 32,387 shares of the business's stock in a transaction that occurred 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 directly owns 246,440 shares of the company's stock, valued at approximately $1,276,559.20. The trade was a 11.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert Krcmarov acquired 6,570 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the transaction, 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. Over the last three months, insiders have sold 57,915 shares of company stock valued at $300,000. Corporate 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.