Hecla Mining (NYSE:HL) Shares Acquired by Fmr LLC

FMR LLC grew its stake in Hecla Mining (NYSE:HL - Free Report) by 51.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,435,909 shares of the basic materials company's stock after buying an additional 1,842,991 shares during the period. FMR LLC owned 0.87% of Hecla Mining worth $36,258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Hecla Mining by 7.3% during 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. Intech Investment Management LLC acquired a new stake in shares of Hecla Mining in the third quarter valued at about $1,210,000. First Eagle Investment Management LLC increased its stake 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 in the last quarter. Marshall Wace LLP acquired a new position in shares of Hecla Mining during the 2nd quarter worth about $6,280,000. Finally, SG Americas Securities LLC lifted its stake in Hecla Mining by 261.2% in the 2nd quarter. SG Americas Securities LLC now owns 141,600 shares of the basic materials company's stock valued at $687,000 after buying an additional 102,392 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Hecla Mining Trading Up 6.1 %

Hecla Mining stock traded up $0.34 during mid-day trading on Monday, hitting $5.86. The company's stock had a trading volume of 16,727,225 shares, compared to its average volume of 9,364,369. The stock's fifty day moving average is $6.21 and its two-hundred day moving average is $5.88. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.68 billion, a PE ratio of -151.75 and a beta of 1.93. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $7.68.

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

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were issued a $0.0138 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.06 annualized dividend and a dividend yield of 0.94%. Hecla Mining's dividend payout ratio is currently -125.00%.

Analysts Set New Price Targets

HL has been the subject of several research reports. TD Securities dropped their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a "buy" rating for the company in a research note on Friday, November 8th. National Bank Financial lowered Hecla Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. Finally, StockNews.com downgraded Hecla Mining from a "hold" rating to a "sell" rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Hecla Mining currently has a consensus rating of "Moderate Buy" and an average price target of $7.94.

Insider Buying and Selling

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction dated 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 directly owns 173,700 shares of the company's stock, valued at $1,175,949. The trade was a 38.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

About Hecla Mining

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.