Creative Planning Has $765,000 Position in Hecla Mining (NYSE:HL)

Creative Planning raised its stake in Hecla Mining (NYSE:HL) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,721 shares of the basic materials company’s stock after purchasing an additional 10,404 shares during the period. Creative Planning’s holdings in Hecla Mining were worth $765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Empowered Funds LLC boosted its position in shares of Hecla Mining by 27.7% in the first quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock valued at $65,000 after acquiring an additional 2,916 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Hecla Mining by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock valued at $1,639,000 after acquiring an additional 2,939 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Hecla Mining by 8.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 44,553 shares of the basic materials company’s stock valued at $216,000 after acquiring an additional 3,386 shares during the period. Rathbones Group PLC boosted its position in shares of Hecla Mining by 12.1% in the second quarter. Rathbones Group PLC now owns 40,729 shares of the basic materials company’s stock valued at $198,000 after acquiring an additional 4,400 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Hecla Mining by 2.4% in the second quarter. Sei Investments Co. now owns 190,504 shares of the basic materials company’s stock valued at $924,000 after acquiring an additional 4,514 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HL has been the subject of several recent analyst reports. Roth Mkm cut their price objective on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Hecla Mining has an average rating of “Moderate Buy” and an average target price of $7.56.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the 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 sale, the vice president now owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Hecla Mining Stock Down 1.4 %

Shares of NYSE HL opened at $6.40 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. The company has a market cap of $4.03 billion, a price-to-earnings ratio of -80.00 and a beta of 2.00. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68. The stock has a 50-day moving average price of $6.52 and a two-hundred day moving average price of $5.80.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. The firm had revenue of $245.66 million during the quarter, compared to the consensus estimate of $208.80 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. As a group, analysts forecast that Hecla Mining will post 0.07 earnings per share for the current fiscal year.

Hecla Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 26th were given a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Monday, August 26th. This is an increase from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s dividend payout ratio is currently -62.50%.

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.