Zacks Investment Management Takes $1.27 Million Position in Hecla Mining (NYSE:HL)

Zacks Investment Management purchased a new position in shares of Hecla Mining (NYSE:HL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 189,819 shares of the basic materials company's stock, valued at approximately $1,266,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in 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 purchasing an additional 456,107 shares in the last quarter. FMR LLC increased 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 worth $36,258,000 after buying an additional 1,842,991 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Hecla Mining in the third quarter valued at $1,210,000. First Eagle Investment Management LLC grew its holdings in Hecla Mining by 26.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,624,677 shares of the basic materials company's stock worth $7,880,000 after acquiring an additional 340,000 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Hecla Mining in the 2nd quarter worth about $6,280,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. National Bank Financial downgraded Hecla Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. StockNews.com lowered Hecla Mining from a "hold" rating to a "sell" rating in a research report on Thursday, October 17th. Finally, TD Securities dropped 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $7.94.

Hecla Mining Stock Performance

HL stock traded down $0.17 during mid-day trading on Tuesday, reaching $5.70. The company had a trading volume of 10,216,013 shares, compared to its average volume of 9,368,005. The stock's 50-day simple moving average is $6.20 and its two-hundred day simple moving average is $5.88. The stock has a market capitalization of $3.58 billion, a P/E ratio of -146.38 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. Hecla Mining has a one year low of $3.33 and a one year high of $7.68.

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

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, November 21st. Hecla Mining's dividend payout ratio (DPR) is -125.00%.

Insider Activity at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the business's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total transaction of $735,303.24. Following the sale, the vice president now directly owns 173,700 shares in the company, valued at approximately $1,175,949. The trade was a 38.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

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.