Geode Capital Management LLC Acquires 711,676 Shares of Hecla Mining (NYSE:HL)

Geode Capital Management LLC grew its stake in Hecla Mining (NYSE:HL - Free Report) by 5.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,865,241 shares of the basic materials company's stock after buying an additional 711,676 shares during the period. Geode Capital Management LLC owned approximately 2.21% of Hecla Mining worth $92,499,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its holdings in Hecla Mining by 7.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company's stock valued at $44,813,000 after buying an additional 456,107 shares during the last quarter. FMR LLC raised its position in Hecla Mining by 51.3% in the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company's stock valued at $36,258,000 after purchasing an additional 1,842,991 shares during the last quarter. Intech Investment Management LLC acquired a new position in Hecla Mining in the third quarter worth $1,210,000. First Eagle Investment Management LLC grew its holdings in shares of Hecla Mining by 26.5% during the second quarter. First Eagle Investment Management LLC now owns 1,624,677 shares of the basic materials company's stock worth $7,880,000 after purchasing an additional 340,000 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Hecla Mining during the second quarter worth $6,280,000. Institutional investors own 63.01% of the company's stock.

Hecla Mining Trading Up 1.8 %

NYSE HL traded up $0.09 during trading hours on Friday, hitting $5.04. The company's stock had a trading volume of 19,871,561 shares, compared to its average volume of 9,425,272. 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 $3.17 billion, a P/E ratio of -126.00 and a beta of 1.92. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $6.01 and a 200 day moving average of $5.85.

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

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Thursday, November 21st. Hecla Mining's dividend payout ratio is currently -125.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HL. StockNews.com cut Hecla Mining from a "hold" rating to a "sell" rating in a report on Thursday, October 17th. National Bank Financial cut shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. Finally, TD Securities reduced their target price on shares of Hecla Mining from $8.50 to $8.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $7.94.

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.