Hecla Mining (NYSE:HL) Stock Holdings Lowered by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its stake in Hecla Mining (NYSE:HL - Free Report) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,912,897 shares of the basic materials company's stock after selling 3,477,602 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 1.60% of Hecla Mining worth $47,681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HL. Vanguard Group Inc. raised its position in Hecla Mining by 0.9% during the third quarter. Vanguard Group Inc. now owns 57,567,847 shares of the basic materials company's stock worth $225,090,000 after acquiring an additional 487,299 shares during the last quarter. Jump Financial LLC raised its position in Hecla Mining by 53.8% during the third quarter. Jump Financial LLC now owns 566,574 shares of the basic materials company's stock worth $2,215,000 after acquiring an additional 198,254 shares during the last quarter. Northern Trust Corp raised its position in Hecla Mining by 1.2% during the third quarter. Northern Trust Corp now owns 5,928,871 shares of the basic materials company's stock worth $23,182,000 after acquiring an additional 69,308 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Hecla Mining by 225.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 418,270 shares of the basic materials company's stock worth $1,635,000 after acquiring an additional 289,703 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in Hecla Mining by 163.5% during the third quarter. Kestra Advisory Services LLC now owns 814,376 shares of the basic materials company's stock worth $3,184,000 after acquiring an additional 505,271 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Analysts Set New Price Targets

Separately, National Bank Financial restated an "outperform market weight" rating on shares of Hecla Mining in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $6.45.

Hecla Mining Trading Up 3.9 %

Shares of NYSE HL traded up $0.21 during midday trading on Friday, reaching $5.53. 11,241,716 shares of the stock were exchanged, compared to its average volume of 7,750,738. The company has a market capitalization of $3.46 billion, a P/E ratio of -36.86 and a beta of 2.20. Hecla Mining has a 52-week low of $3.33 and a 52-week high of $7.00. The company has a current ratio of 1.65, a quick ratio of 1.06 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $4.05 and a 200-day moving average price of $4.24.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The firm had revenue of $160.69 million for the quarter, compared to analysts' expectations of $151.51 million. During the same quarter last year, the firm earned $0.02 earnings per share. The business's quarterly revenue was down 17.5% compared to the same quarter last year. Equities research analysts expect that Hecla Mining will post 0.01 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were issued a $0.006 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.02 dividend on an annualized basis and a yield of 0.43%. Hecla Mining's payout ratio is -20.00%.

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.