JPMorgan Chase & Co. raised its holdings in Hecla Mining (NYSE:HL - Free Report) by 43.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,481,761 shares of the basic materials company's stock after buying an additional 1,059,929 shares during the quarter. JPMorgan Chase & Co. owned 0.55% of Hecla Mining worth $23,223,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in Hecla Mining by 4.3% during the third quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company's stock worth $391,510,000 after buying an additional 2,238,559 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Hecla Mining by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 34,644,620 shares of the basic materials company's stock worth $168,027,000 after purchasing an additional 146,689 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Hecla Mining by 5.4% during the third quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company's stock valued at $92,499,000 after purchasing an additional 711,676 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Hecla Mining by 7.3% in the third 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 purchasing an additional 456,107 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Hecla Mining by 51.3% in the third 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 in the last quarter. 63.01% of the stock is owned by institutional investors.
Hecla Mining Price Performance
Hecla Mining stock traded up $0.11 during trading hours on Thursday, hitting $5.33. 15,316,479 shares of the stock were exchanged, compared to its average volume of 14,978,819. The stock has a market capitalization of $3.35 billion, a P/E ratio of -133.25 and a beta of 1.91. The business's 50-day moving average is $5.47 and its two-hundred day moving average is $5.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. Hecla Mining has a 12 month low of $3.33 and a 12 month 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 EPS for the quarter, topping 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 business had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. During the same period in the prior year, the company earned ($0.01) EPS. Hecla Mining's revenue for the quarter was up 34.7% on a year-over-year basis. Equities research analysts expect that Hecla Mining will post 0.06 EPS for the current fiscal year.
Hecla Mining Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Thursday, November 21st. Hecla Mining's dividend payout ratio is presently -125.00%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on HL. StockNews.com lowered shares of Hecla Mining from a "hold" rating to a "sell" rating in a report on Thursday, October 17th. National Bank Financial lowered shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. Finally, TD Securities decreased their price objective on Hecla Mining from $8.50 to $8.00 and set a "buy" rating on the stock in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.94.
Check Out Our Latest Report on Hecla Mining
About Hecla Mining
(
Free Report)
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.
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