The Manufacturers Life Insurance Company Acquires 15,598 Shares of Hecla Mining (NYSE:HL)

The Manufacturers Life Insurance Company increased its holdings in shares of Hecla Mining (NYSE:HL) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 353,638 shares of the basic materials company’s stock after buying an additional 15,598 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Hecla Mining worth $2,359,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HL. Encompass Capital Advisors LLC bought a new position in Hecla Mining during the second quarter worth about $19,714,000. Van ECK Associates Corp raised its position in shares of Hecla Mining by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock valued at $391,510,000 after acquiring an additional 2,238,559 shares during the period. Marshall Wace LLP bought a new position in Hecla Mining during the 2nd quarter worth approximately $6,280,000. Ninety One UK Ltd grew its holdings 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 purchasing an additional 1,196,515 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Hecla Mining by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company’s stock valued at $44,813,000 after purchasing an additional 456,107 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the firm’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 value of $735,303.24. Following the completion of the transaction, the vice president now directly owns 173,700 shares in the company, valued at $1,175,949. This trade represents a 38.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by insiders.

Hecla Mining Price Performance

Shares of NYSE HL opened at $5.52 on Monday. The company has a fifty day moving average price of $6.21 and a 200 day moving average price of $5.88. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.68. The firm has a market cap of $3.47 billion, a PE ratio of -138.00 and a beta of 1.92. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $245.09 million during the quarter, compared to the consensus estimate of $232.03 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. Hecla Mining’s quarterly revenue was up 34.7% on a year-over-year basis. During the same period last year, the company earned ($0.01) earnings per share. Research 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 was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were issued a $0.0138 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HL shares. StockNews.com cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. TD Securities reduced their target price on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently 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.