Hecla Mining Company $HL Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its holdings in Hecla Mining Company (NYSE:HL) by 39.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,021,992 shares of the basic materials company’s stock after selling 673,290 shares during the period. Legal & General Group Plc’s holdings in Hecla Mining were worth $19,612,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Veracity Capital LLC lifted its holdings in Hecla Mining by 4.0% in the fourth quarter. Veracity Capital LLC now owns 11,005 shares of the basic materials company’s stock valued at $211,000 after acquiring an additional 419 shares during the last quarter. CWM LLC lifted its holdings in Hecla Mining by 1.4% in the fourth quarter. CWM LLC now owns 31,853 shares of the basic materials company’s stock valued at $611,000 after acquiring an additional 434 shares during the last quarter. Blue Trust Inc. lifted its holdings 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 valued at $111,000 after acquiring an additional 500 shares during the last quarter. Greenleaf Trust lifted its holdings 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, Axxcess Wealth Management LLC lifted its holdings in Hecla Mining by 9.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 10,905 shares of the basic materials company’s stock valued at $209,000 after acquiring an additional 905 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Stock Down 1.2%

Shares of NYSE HL opened at $17.56 on Tuesday. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 42.82 and a beta of 1.25. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a 52-week low of $5.28 and a 52-week high of $34.17. The business’s 50 day moving average is $18.38 and its two-hundred day moving average is $19.99.

Hecla Mining (NYSE:HL) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The firm had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. During the same period in the previous year, the firm earned $0.04 EPS. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. Research analysts predict that Hecla Mining Company will post 0.93 EPS for the current year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.0038 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.44%.

Analyst Ratings Changes

HL has been the topic of a number of recent analyst reports. Roth Mkm set a $13.00 price objective on Hecla Mining in a report on Wednesday, February 18th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. HC Wainwright decreased their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.25.

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.