Vanguard Group Inc. Has $278.56 Million Position in Hecla Mining (NYSE:HL)

Vanguard Group Inc. raised its holdings in Hecla Mining (NYSE:HL) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,913,541 shares of the basic materials company’s stock after acquiring an additional 345,694 shares during the quarter. Vanguard Group Inc. owned about 9.26% of Hecla Mining worth $278,564,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in Hecla Mining by 1.9% in the 4th quarter. Van ECK Associates Corp now owns 56,686,012 shares of the basic materials company’s stock worth $272,659,000 after purchasing an additional 1,044,102 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Hecla Mining by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 34,919,446 shares of the basic materials company’s stock worth $167,967,000 after buying an additional 168,185 shares during the period. Northern Trust Corp boosted its holdings in shares of Hecla Mining by 1.2% during the 3rd quarter. Northern Trust Corp now owns 5,928,871 shares of the basic materials company’s stock worth $23,182,000 after buying an additional 69,308 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Hecla Mining by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,902,891 shares of the basic materials company’s stock valued at $28,393,000 after buying an additional 62,702 shares during the last quarter. Finally, Norges Bank bought a new position in Hecla Mining in the 4th quarter worth $13,761,000. 63.01% of the stock is owned by institutional investors.

Hecla Mining Stock Down 0.2 %

NYSE HL opened at $4.85 on Monday. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $6.29. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -32.33 and a beta of 2.12. The stock’s 50 day moving average is $5.33 and its two-hundred day moving average is $4.70. The company has a current ratio of 1.67, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Hecla Mining had a negative return on equity of 0.28% and a negative net margin of 12.22%. The business had revenue of $189.53 million for the quarter, compared to analyst estimates of $190.31 million. Equities analysts forecast that Hecla Mining will post 0.04 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Friday, May 24th were given a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, May 23rd. Hecla Mining’s dividend payout ratio (DPR) is currently -20.00%.

Analysts Set New Price Targets

HL has been the topic of several research analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price target on shares of Hecla Mining in a research report on Thursday, May 9th. Cibc World Mkts upgraded shares of Hecla Mining to a “hold” rating in a research note on Wednesday, May 22nd. Cantor Fitzgerald raised shares of Hecla Mining to a “strong-buy” rating in a report on Thursday, May 9th. StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a report on Thursday, May 9th. Finally, CIBC increased their target price on shares of Hecla Mining from $6.75 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.89.

Insider Activity at Hecla Mining

In other news, CFO Russell Douglas Lawlar sold 11,679 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $4.91, for a total value of $57,343.89. Following the transaction, the chief financial officer now directly owns 393,894 shares of the company’s stock, valued at approximately $1,934,019.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hecla Mining news, CAO Michael L. Clary sold 30,634 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total value of $150,412.94. Following the completion of the sale, the chief accounting officer now owns 351,972 shares in the company, valued at approximately $1,728,182.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Russell Douglas Lawlar sold 11,679 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $4.91, for a total transaction of $57,343.89. Following the completion of the transaction, the chief financial officer now directly owns 393,894 shares of the company’s stock, valued at $1,934,019.54. The disclosure for this sale can be found here. Insiders sold 67,105 shares of company stock valued at $329,486 in the last ninety days. Insiders own 1.40% of the company’s stock.

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.