Creative Planning Purchases 74,915 Shares of Hecla Mining (NYSE:HL)

Creative Planning increased its stake in Hecla Mining (NYSE:HL) by 254.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,317 shares of the basic materials company’s stock after purchasing an additional 74,915 shares during the quarter. Creative Planning’s holdings in Hecla Mining were worth $506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HL. Continuum Advisory LLC lifted its stake in shares of Hecla Mining by 313.6% during the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $32,000 after buying an additional 4,967 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Hecla Mining in the 2nd quarter worth about $41,000. Ballentine Partners LLC bought a new stake in shares of Hecla Mining in the 2nd quarter worth about $54,000. Oak Family Advisors LLC bought a new stake in shares of Hecla Mining in the 2nd quarter worth about $55,000. Finally, Empowered Funds LLC increased its holdings in shares of Hecla Mining by 27.7% in the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock worth $65,000 after buying an additional 2,916 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HL shares. HC Wainwright restated a “buy” rating and issued a $10.25 target price on shares of Hecla Mining in a report on Thursday, August 8th. Roth Mkm cut their price target on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.56.

Insider Buying and Selling

In related news, VP Kurt Allen sold 108,612 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the transaction, the vice president now owns 173,700 shares in the company, valued at $1,175,949. The trade was a 0.00 % 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 company insiders.

Hecla Mining Price Performance

Hecla Mining stock opened at $6.56 on Tuesday. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of -43.70 and a beta of 2.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 0.58. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $7.40. The firm has a 50-day moving average of $6.12 and a two-hundred day moving average of $5.65.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. The company had revenue of $245.66 million during the quarter, compared to analysts’ expectations of $208.80 million. During the same period in the previous year, the company earned $0.03 EPS. On average, research analysts forecast that Hecla Mining will post 0.07 earnings per share for the current year.

Hecla Mining Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 26th were given a $0.0138 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Monday, August 26th. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s dividend payout ratio is presently -33.33%.

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.