Creative Planning Acquires 10,404 Shares of Hecla Mining (NYSE:HL)

Creative Planning increased its holdings in Hecla Mining (NYSE:HL) by 10.0% during the third quarter, HoldingsChannel reports. The fund owned 114,721 shares of the basic materials company’s stock after acquiring an additional 10,404 shares during the quarter. Creative Planning’s holdings in Hecla Mining were worth $765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HL. J.W. Cole Advisors Inc. acquired a new stake in shares of Hecla Mining in the 1st quarter worth about $84,000. BNP Paribas Financial Markets increased its stake in Hecla Mining by 61.7% in the 1st quarter. BNP Paribas Financial Markets now owns 339,557 shares of the basic materials company’s stock valued at $1,633,000 after buying an additional 129,592 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Hecla Mining by 1,160.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 294,713 shares of the basic materials company’s stock valued at $1,418,000 after buying an additional 271,332 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in Hecla Mining in the 1st quarter valued at about $296,000. Finally, GSA Capital Partners LLP purchased a new stake in Hecla Mining in the 1st quarter valued at about $439,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analysts Set New Price Targets

HL has been the subject of several analyst reports. HC Wainwright reiterated a “buy” rating and issued a $10.25 price objective on shares of Hecla Mining in a research note on Thursday, August 8th. Roth Mkm decreased their price objective on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.56.

Insider Buying and Selling

In related news, VP Kurt Allen sold 108,612 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by insiders.

Hecla Mining Stock Down 1.4 %

Hecla Mining stock opened at $6.40 on Friday. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68. The firm has a 50 day moving average price of $6.52 and a 200-day moving average price of $5.80. The company has a market capitalization of $4.03 billion, a P/E ratio of -80.00 and a beta of 2.00. The company has a quick ratio of 0.58, a current ratio of 1.29 and a debt-to-equity ratio of 0.29.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. The firm had revenue of $245.66 million during the quarter, compared to the consensus estimate of $208.80 million. During the same period in the prior year, the firm earned $0.03 EPS. As a group, equities analysts predict that Hecla Mining will post 0.07 EPS for the current year.

Hecla Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 26th were issued a $0.0138 dividend. The ex-dividend date was Monday, August 26th. This is an increase from Hecla Mining’s previous quarterly dividend of $0.00. This represents a $0.06 annualized dividend and a yield of 0.86%. Hecla Mining’s dividend payout ratio (DPR) is -62.50%.

Hecla Mining Company 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.