Hecla Mining (NYSE:HL) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in Hecla Mining (NYSE:HL) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 34,644,620 shares of the basic materials company’s stock after buying an additional 146,689 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of Hecla Mining worth $168,027,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Hecla Mining by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock worth $285,811,000 after buying an additional 1,506,573 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Hecla Mining in the 1st quarter worth about $727,000. SG Americas Securities LLC boosted its stake in Hecla Mining by 148.9% in the 1st quarter. SG Americas Securities LLC now owns 39,208 shares of the basic materials company’s stock worth $189,000 after buying an additional 23,457 shares during the last quarter. Norges Bank acquired a new stake in Hecla Mining in the 4th quarter worth about $13,761,000. Finally, SCP Investment LP boosted its stake in Hecla Mining by 34.7% in the 4th quarter. SCP Investment LP now owns 38,800 shares of the basic materials company’s stock worth $181,000 after buying an additional 10,000 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Stock Performance

NYSE HL opened at $6.78 on Friday. The firm has a market capitalization of $4.25 billion, a P/E ratio of -45.20 and a beta of 2.00. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $6.99. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 0.58. The business’s 50-day simple moving average is $5.80 and its 200-day simple moving average is $5.34.

Hecla Mining (NYSE:HL) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $245.66 million for the quarter, compared to the consensus estimate of $208.80 million. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. During the same period last year, the business posted $0.03 EPS. Equities analysts predict that Hecla Mining will post 0.04 EPS for the current year.

Hecla Mining Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 26th were issued a dividend of $0.0138 per share. This is an increase from Hecla Mining’s previous quarterly dividend of $0.00. This represents a $0.06 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, August 26th. Hecla Mining’s dividend payout ratio (DPR) is presently -33.33%.

Insider Activity at Hecla Mining

In related news, VP Robert Denis Brown sold 24,792 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total transaction of $121,728.72. Following the sale, the vice president now directly owns 607,649 shares in the company, valued at approximately $2,983,556.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Hecla Mining news, CAO Michael L. Clary sold 30,634 shares of Hecla Mining stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total transaction of $150,412.94. Following the sale, the chief accounting officer now directly owns 351,972 shares in the company, valued at approximately $1,728,182.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Denis Brown sold 24,792 shares of Hecla Mining stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total value of $121,728.72. Following the sale, the vice president now owns 607,649 shares in the company, valued at $2,983,556.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 164,038 shares of company stock worth $1,007,445. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HL has been the topic of a number of research analyst reports. HC Wainwright reissued a “buy” rating and issued a $10.25 price target on shares of Hecla Mining in a research note on Thursday, August 8th. Roth Mkm reduced their price objective on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.56.

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.