The Manufacturers Life Insurance Company Has $1.64 Million Position in Hecla Mining (NYSE:HL)

The Manufacturers Life Insurance Company grew its stake in Hecla Mining (NYSE:HL) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 338,040 shares of the basic materials company’s stock after buying an additional 2,939 shares during the period. The Manufacturers Life Insurance Company owned 0.05% of Hecla Mining worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Tidal Investments LLC purchased a new stake in Hecla Mining in the first quarter worth $42,576,000. Encompass Capital Advisors LLC purchased a new position in Hecla Mining in the second quarter worth about $19,714,000. Van ECK Associates Corp boosted its position in shares of Hecla Mining by 6.8% during the first quarter. Van ECK Associates Corp now owns 60,513,592 shares of the basic materials company’s stock valued at $291,070,000 after buying an additional 3,827,580 shares during the period. Vanguard Group Inc. raised its stake in Hecla Mining by 2.6% in the first 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 in the last quarter. Finally, Marshall Wace LLP bought a new position in Hecla Mining in the second quarter worth approximately $6,280,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

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 stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the transaction, the vice president now directly owns 173,700 shares in the company, valued at $1,175,949. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HL has been the topic of several research reports. StockNews.com raised Hecla Mining from a “sell” rating to a “hold” rating in a research report on Wednesday. HC Wainwright restated a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a report on Thursday, August 8th. Finally, Roth Mkm decreased their price target on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.56.

Hecla Mining Stock Up 4.0 %

HL opened at $6.62 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 1.29. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.40. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of -44.10 and a beta of 2.01. The firm’s 50-day simple moving average is $6.05 and its 200-day simple moving average is $5.61.

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 the consensus estimate 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 business had revenue of $245.66 million during the quarter, compared to analysts’ expectations of $208.80 million. During the same period last year, the business earned $0.03 earnings per share. Equities research analysts anticipate that Hecla Mining will post 0.05 EPS for the current fiscal year.

Hecla Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 26th were given a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Monday, August 26th. Hecla Mining’s dividend payout ratio is presently -33.33%.

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.