Hecla Mining (NYSE:HL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in shares of Hecla Mining (NYSE:HLFree Report) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,659,167 shares of the basic materials company’s stock after selling 27,269 shares during the period. Wellington Management Group LLP owned 0.27% of Hecla Mining worth $6,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of HL. Envestnet Asset Management Inc. grew its stake in Hecla Mining by 8.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 25,299 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 2,044 shares in the last quarter. CIBC Asset Management Inc grew its stake in Hecla Mining by 14.7% during the 1st quarter. CIBC Asset Management Inc now owns 16,353 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 2,092 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Hecla Mining by 13.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,026 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 2,200 shares in the last quarter. Principal Financial Group Inc. grew its stake in Hecla Mining by 3.7% during the 2nd quarter. Principal Financial Group Inc. now owns 65,324 shares of the basic materials company’s stock valued at $336,000 after acquiring an additional 2,301 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Hecla Mining by 0.5% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 433,092 shares of the basic materials company’s stock valued at $1,707,000 after acquiring an additional 2,316 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Performance

NYSE:HL opened at $4.27 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.65. The stock has a market capitalization of $2.67 billion, a P/E ratio of -28.43 and a beta of 2.16. The company has a 50 day moving average price of $3.88 and a 200 day moving average price of $4.19. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $7.00.

Hecla Mining (NYSE:HLGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $160.69 million for the quarter, compared to analysts’ expectations of $151.51 million. Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The business’s revenue for the quarter was down 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. Equities research analysts forecast that Hecla Mining will post 0.01 EPS for the current year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were given a dividend of $0.006 per share. The ex-dividend date was Monday, March 11th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.56%. Hecla Mining’s payout ratio is currently -20.00%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $6.45.

Check Out Our Latest Stock Analysis on HL

Hecla Mining Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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