Vanguard Group Inc. Cuts Stock Holdings in Hecla Mining Company $HL

Vanguard Group Inc. trimmed its stake in Hecla Mining Company (NYSE:HL) by 8.0% during the 4th quarter, Holdings Channel reports. The firm owned 65,663,792 shares of the basic materials company’s stock after selling 5,685,267 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Hecla Mining worth $1,260,088,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Veracity Capital LLC increased its holdings in shares of Hecla Mining by 4.0% in the 4th quarter. Veracity Capital LLC now owns 11,005 shares of the basic materials company’s stock worth $211,000 after buying an additional 419 shares during the last quarter. CWM LLC lifted its holdings in shares of Hecla Mining by 1.4% during the 4th quarter. CWM LLC now owns 31,853 shares of the basic materials company’s stock worth $611,000 after acquiring an additional 434 shares during the last quarter. Blue Trust Inc. grew its position in Hecla Mining by 9.5% in the fourth quarter. Blue Trust Inc. now owns 5,786 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 500 shares in the last quarter. Greenleaf Trust increased its stake in Hecla Mining by 6.6% in the fourth quarter. Greenleaf Trust now owns 11,188 shares of the basic materials company’s stock valued at $215,000 after acquiring an additional 690 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its stake in Hecla Mining by 7.8% in the third quarter. Wealthfront Advisers LLC now owns 12,720 shares of the basic materials company’s stock valued at $154,000 after acquiring an additional 918 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on HL shares. Zacks Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Roth Mkm set a $13.00 price objective on Hecla Mining in a research report on Wednesday, February 18th. Canadian Imperial Bank of Commerce raised their price objective on Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. HC Wainwright boosted their target price on Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.31.

Hecla Mining Stock Performance

Shares of HL stock opened at $18.03 on Friday. The company has a market capitalization of $12.09 billion, a P/E ratio of 36.80 and a beta of 1.26. Hecla Mining Company has a fifty-two week low of $4.51 and a fifty-two week high of $34.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.22 and a current ratio of 2.72. The stock has a 50 day moving average price of $19.84 and a two-hundred day moving average price of $19.25.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Monday, March 9th were issued a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, March 9th. Hecla Mining’s dividend payout ratio is currently 2.04%.

Hecla Mining Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.