Hecla Mining (NYSE:HL) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Hecla Mining (NYSE:HL) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,718,551 shares of the basic materials company’s stock after acquiring an additional 456,107 shares during the period. Charles Schwab Investment Management Inc. owned 1.07% of Hecla Mining worth $44,813,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management raised its holdings in shares of Hecla Mining by 1.0% in the third quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock worth $1,659,000 after acquiring an additional 2,367 shares during the last quarter. KBC Group NV increased its position in Hecla Mining by 19.2% during the 3rd quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 2,909 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Hecla Mining by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock valued at $1,639,000 after purchasing an additional 2,939 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Hecla Mining by 21.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 2,982 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its stake in shares of Hecla Mining by 8.7% during the 3rd quarter. Financial Advocates Investment Management now owns 37,919 shares of the basic materials company’s stock worth $253,000 after purchasing an additional 3,037 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HL has been the topic of a number of analyst reports. StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a report on Thursday, August 8th. Roth Mkm dropped their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, TD Securities lowered their price target on Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Hecla Mining currently has an average rating of “Moderate Buy” and a consensus target price of $7.94.

Insider Activity

In other news, VP Kurt Allen sold 108,612 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the sale, the vice president now owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. The trade was a 38.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

Hecla Mining Trading Up 0.5 %

Shares of HL opened at $5.52 on Monday. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68. The firm has a market capitalization of $3.47 billion, a P/E ratio of -138.00 and a beta of 2.00. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $6.35 and its 200 day simple moving average is $5.89.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The firm had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. During the same quarter last year, the firm posted ($0.01) earnings per share. Hecla Mining’s revenue for the quarter was up 34.7% compared to the same quarter last year. On average, equities research analysts forecast that Hecla Mining will post 0.06 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.0138 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. Hecla Mining’s payout ratio is currently -125.00%.

Hecla Mining Profile

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.