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

Charles Schwab Investment Management Inc. boosted its position in shares of Hecla Mining (NYSE:HL - Free Report) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,718,551 shares of the basic materials company's stock after purchasing an additional 456,107 shares during the period. Charles Schwab Investment Management Inc. owned about 1.07% of Hecla Mining worth $44,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. bought a new stake in Hecla Mining during the 3rd quarter valued at about $430,000. Intech Investment Management LLC purchased a new stake in shares of Hecla Mining in the third quarter valued at approximately $1,210,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Hecla Mining by 83.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 858,091 shares of the basic materials company's stock worth $5,723,000 after purchasing an additional 391,114 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Hecla Mining during the 3rd quarter worth $2,373,000. Finally, KBC Group NV raised 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 valued at $121,000 after purchasing an additional 2,909 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Stock Down 2.1 %

Shares of HL stock traded down $0.11 during trading on Monday, reaching $5.41. The company's stock had a trading volume of 9,524,825 shares, compared to its average volume of 9,318,699. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.68. The stock's 50-day moving average price is $6.35 and its 200 day moving average price is $5.89. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of -136.50 and a beta of 2.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The company had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. Hecla Mining's revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) EPS. On average, research analysts anticipate that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be paid a $0.0138 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a yield of 1.02%. Hecla Mining's dividend payout ratio is presently -125.00%.

Insider Activity

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the stock in a transaction on Tuesday, September 17th. The stock was 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 owns 173,700 shares in the company, valued at approximately $1,175,949. This represents a 38.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on HL shares. HC Wainwright reiterated a "buy" rating and issued a $10.25 target price on shares of Hecla Mining in a report on Thursday, August 8th. StockNews.com downgraded shares of Hecla Mining from a "hold" rating to a "sell" rating in a report on Thursday, October 17th. TD Securities cut their price target on Hecla Mining from $8.50 to $8.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. National Bank Financial lowered shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, Roth Mkm reduced their price target on Hecla Mining from $6.25 to $6.00 and set a "buy" rating for the company in a report on Thursday, August 8th. One research 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 data from MarketBeat, Hecla Mining has an average rating of "Moderate Buy" and a consensus target price 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.