Hecla Mining (NYSE:HL) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in shares of Hecla Mining (NYSE:HL - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,016,903 shares of the basic materials company's stock after buying an additional 107,092 shares during the quarter. Barclays PLC owned 0.16% of Hecla Mining worth $4,992,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HL. Charles Schwab Investment Management Inc. raised its stake in shares of Hecla Mining by 7.5% during the fourth 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Hecla Mining in the 4th quarter worth $1,640,000. JPMorgan Chase & Co. grew its position in shares of 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 buying an additional 707,712 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Hecla Mining by 1.3% during the fourth 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 during the period. Finally, Private Advisor Group LLC raised its holdings in shares of Hecla Mining by 202.4% in the fourth quarter. Private Advisor Group LLC now owns 76,151 shares of the basic materials company's stock valued at $374,000 after acquiring an additional 50,969 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HL shares. HC Wainwright reaffirmed a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. 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 research report on Tuesday, February 18th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a report on Friday, March 21st. TD Securities lowered shares of Hecla Mining from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $6.50 to $5.50 in a research note on Tuesday, March 11th. Finally, StockNews.com raised Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Hecla Mining has an average rating of "Moderate Buy" and a consensus price target of $7.75.

Hecla Mining Stock Performance

Shares of NYSE:HL traded down $0.68 on Friday, hitting $4.79. 17,418,655 shares of the company were exchanged, compared to its average volume of 13,508,331. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The stock's 50 day moving average price is $5.55 and its 200 day moving average price is $5.66. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68. The firm has a market capitalization of $3.03 billion, a P/E ratio of 95.92 and a beta of 1.77.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $261.34 million for the quarter, compared to analyst estimates of $238.50 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business's revenue was up 37.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) EPS. Sell-side analysts predict that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors 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 annualized dividend and a yield of 0.31%. Hecla Mining's dividend payout ratio (DPR) is presently 20.00%.

Insiders Place Their Bets

In other Hecla Mining news, 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 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 legal filing with the SEC, which can be accessed through this link. Also, CFO Russell Douglas Lawlar sold 16,333 shares of the firm'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 transaction of $84,604.94. Following the sale, the chief financial officer now directly owns 297,983 shares in the company, valued at $1,543,551.94. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,915 shares of company stock valued at $300,000. 1.40% of the stock is owned by insiders.

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.