Hecla Mining (NYSE:HL) Stake Decreased by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its holdings in shares of Hecla Mining (NYSE:HL – Get Rating) by 87.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,791 shares of the basic materials company’s stock after selling 120,184 shares during the period. Hsbc Holdings PLC’s holdings in Hecla Mining were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sigma Planning Corp raised its stake in Hecla Mining by 262.2% during the 3rd quarter. Sigma Planning Corp now owns 66,764 shares of the basic materials company’s stock valued at $263,000 after purchasing an additional 48,333 shares during the period. Credit Suisse AG lifted its position in Hecla Mining by 2.3% during the 3rd quarter. Credit Suisse AG now owns 595,748 shares of the basic materials company’s stock worth $2,347,000 after acquiring an additional 13,472 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Hecla Mining by 419.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 259,984 shares of the basic materials company’s stock worth $1,024,000 after acquiring an additional 209,957 shares during the last quarter. Strategic Wealth Advisors Group LLC lifted its position in Hecla Mining by 16.3% during the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 64,541 shares of the basic materials company’s stock worth $254,000 after acquiring an additional 9,043 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Hecla Mining by 6.5% during the third quarter. Dimensional Fund Advisors LP now owns 32,277,630 shares of the basic materials company’s stock valued at $127,172,000 after buying an additional 1,975,212 shares during the last quarter. Institutional investors own 59.73% of the company’s stock.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $5.17 on Monday. The firm has a 50 day moving average of $5.71 and a 200-day moving average of $5.04. The stock has a market capitalization of $3.14 billion, a PE ratio of -73.85 and a beta of 2.02. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.26. Hecla Mining has a 12 month low of $3.41 and a 12 month high of $7.38.

Hecla Mining Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Thursday, March 9th will be given a $0.006 dividend. The ex-dividend date is Wednesday, March 8th. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.46%. Hecla Mining’s payout ratio is presently -42.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. HC Wainwright raised their price objective on shares of Hecla Mining from $6.25 to $7.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. Canaccord Genuity Group dropped their price objective on shares of Hecla Mining from $7.25 to $6.25 and set a “buy” rating on the stock in a report on Thursday, February 16th. Finally, BMO Capital Markets raised their price objective on shares of Hecla Mining from $4.75 to $5.00 and gave the stock a “market perform” rating in a report on Friday, January 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Hecla Mining presently has an average rating of “Moderate Buy” and an average target price of $5.92.

About Hecla Mining

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Hecla Mining Co operates as a silver and gold production company. The firm produces lead, zinc and bulk concentrates for custom smelters and brokers and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, and Nevada Operations.