Thrivent Financial for Lutherans decreased its position in Hecla Mining (NYSE:HL - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,561 shares of the basic materials company's stock after selling 102,328 shares during the quarter. Thrivent Financial for Lutherans' holdings in Hecla Mining were worth $1,245,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in 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 purchasing an additional 456,107 shares in the last quarter. FMR LLC boosted its holdings in shares of Hecla Mining by 51.3% in the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company's stock valued at $36,258,000 after buying an additional 1,842,991 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Hecla Mining by 202.4% in the 4th quarter. Private Advisor Group LLC now owns 76,151 shares of the basic materials company's stock valued at $374,000 after buying an additional 50,969 shares during the last quarter. Wellington Shields Capital Management LLC lifted its position in Hecla Mining by 74.7% in the fourth quarter. Wellington Shields Capital Management LLC now owns 137,150 shares of the basic materials company's stock valued at $673,000 after acquiring an additional 58,650 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position 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 valued at $92,499,000 after purchasing an additional 711,676 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.
Hecla Mining Stock Performance
Shares of HL stock traded down $0.25 during trading hours on Thursday, reaching $5.37. 20,692,019 shares of the company's stock were exchanged, compared to its average volume of 12,593,897. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The company's 50 day moving average is $5.61 and its two-hundred day moving average is $5.83. The company has a market cap of $3.39 billion, a P/E ratio of 107.42 and a beta of 1.94. Hecla Mining has a 1 year low of $4.41 and a 1 year high of $7.68.
Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings data 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 return on equity of 3.10% and a net margin of 3.85%. The business had revenue of $249.66 million during the quarter, compared to analysts' expectations of $229.21 million. Equities research analysts anticipate that Hecla Mining will post 0.21 EPS for the current fiscal year.
Hecla Mining Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.28%. The ex-dividend date was Monday, March 10th. Hecla Mining's payout ratio is currently 20.00%.
Analysts Set New Price Targets
Several research analysts have issued reports on the stock. TD Securities downgraded shares of Hecla Mining from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $6.50 to $5.50 in a research report on Tuesday, March 11th. HC Wainwright restated a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. StockNews.com raised Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Roth Mkm dropped their target price on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, National Bank Financial upgraded Hecla Mining to a "hold" rating in a research note on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Hecla Mining has a consensus rating of "Moderate Buy" and an average target price of $7.75.
Check Out Our Latest Analysis on HL
Insiders Place Their Bets
In other news, VP Kurt Allen sold 9,195 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $47,630.10. Following the sale, the vice president now directly owns 104,512 shares in the company, valued at $541,372.16. This represents a 8.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Krcmarov acquired 6,570 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of $5.29 per share, with a total value of $34,755.30. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 57,915 shares of company stock worth $300,000. 1.40% of the stock is owned by corporate insiders.
About Hecla Mining
(
Free Report)
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.
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