Geode Capital Management LLC Has $319 Million Stake in Hecla Mining Company $HL

Geode Capital Management LLC grew its stake in Hecla Mining Company (NYSE:HL) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,620,647 shares of the basic materials company’s stock after purchasing an additional 1,770,949 shares during the period. Geode Capital Management LLC’s holdings in Hecla Mining were worth $319,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new stake in Hecla Mining in the 4th quarter worth $28,000. Tucker Asset Management LLC acquired a new stake in shares of Hecla Mining during the 4th quarter valued at about $38,000. Clearstead Advisors LLC boosted its position in shares of Hecla Mining by 462.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,227 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 1,831 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Hecla Mining by 2,390.0% during the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 2,390 shares in the last quarter. Finally, Stone House Investment Management LLC boosted its position in shares of Hecla Mining by 449.0% during the 4th quarter. Stone House Investment Management LLC now owns 2,811 shares of the basic materials company’s stock valued at $54,000 after acquiring an additional 2,299 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Hecla Mining Price Performance

NYSE:HL opened at $17.56 on Tuesday. The firm has a market cap of $11.78 billion, a PE ratio of 42.82 and a beta of 1.25. Hecla Mining Company has a 12 month low of $5.28 and a 12 month high of $34.17. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $18.38 and its two-hundred day moving average price is $19.99.

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

Hecla Mining Dividend Announcement

The business also recently announced 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. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, May 22nd. Hecla Mining’s dividend payout ratio is presently 2.44%.

Hecla Mining Company 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.