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

Charles Schwab Investment Management Inc. increased its position in shares of Hecla Mining (NYSE:HL) by 7.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.’s holdings in Hecla Mining were worth $44,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HL. Van ECK Associates Corp increased its holdings in shares of Hecla Mining by 4.3% in the third quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock valued at $391,510,000 after buying an additional 2,238,559 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 buying an additional 146,689 shares during the period. Ninety One UK Ltd lifted its stake in Hecla Mining by 17.0% during the second quarter. Ninety One UK Ltd now owns 8,219,231 shares of the basic materials company’s stock valued at $39,863,000 after buying an additional 1,196,515 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Hecla Mining in the second quarter worth about $19,714,000. Finally, Mesirow Institutional Investment Management Inc. increased its position in shares of Hecla Mining by 0.9% in the second quarter. Mesirow Institutional Investment Management Inc. now owns 3,098,486 shares of the basic materials company’s stock worth $15,028,000 after acquiring an additional 27,938 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Hecla Mining Stock Performance

Shares of HL stock opened at $5.52 on Monday. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $7.68. The stock’s 50-day moving average is $6.35 and its two-hundred day moving average is $5.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. The firm has a market cap of $3.47 billion, a P/E ratio of -138.00 and a beta of 2.00.

Hecla Mining (NYSE:HL) 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. The firm had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The company’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) earnings per share. Analysts predict that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid a $0.0138 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, November 21st. Hecla Mining’s payout ratio is presently -125.00%.

Insider Activity at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the sale, the vice president now owns 173,700 shares of the company’s stock, valued at $1,175,949. This represents a 38.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HL. TD Securities reduced their price target on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 8th. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 target price on shares of Hecla Mining in a research report on Thursday, August 8th. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. National Bank Financial lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Roth Mkm dropped their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Hecla Mining presently has an average rating of “Moderate Buy” and a consensus target price of $7.94.

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.