Creative Planning Trims Holdings in Hecla Mining Company $HL

Creative Planning reduced its holdings in shares of Hecla Mining Company (NYSE:HL) by 25.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 92,984 shares of the basic materials company’s stock after selling 32,426 shares during the period. Creative Planning’s holdings in Hecla Mining were worth $557,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Hecla Mining by 2.3% during the first quarter. Vanguard Group Inc. now owns 62,830,935 shares of the basic materials company’s stock worth $349,340,000 after buying an additional 1,437,895 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Hecla Mining by 8.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 28,827,696 shares of the basic materials company’s stock worth $160,285,000 after acquiring an additional 2,306,239 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hecla Mining by 12.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,124,216 shares of the basic materials company’s stock valued at $67,411,000 after purchasing an additional 1,366,700 shares during the last quarter. Pale Fire Capital SE purchased a new stake in shares of Hecla Mining during the first quarter worth approximately $41,360,000. Finally, Invesco Ltd. lifted its holdings in shares of Hecla Mining by 62.3% during the first quarter. Invesco Ltd. now owns 4,442,667 shares of the basic materials company’s stock worth $24,701,000 after purchasing an additional 1,705,994 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Trading Down 3.1%

Shares of HL opened at $16.83 on Friday. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $18.12. The company has a current ratio of 2.15, a quick ratio of 1.51 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $11.28 billion, a P/E ratio of 54.29 and a beta of 1.36. The firm’s 50-day moving average is $13.79 and its two-hundred day moving average is $9.44.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $409.54 million for the quarter, compared to analyst estimates of $315.60 million. Hecla Mining had a return on equity of 7.87% and a net margin of 16.35%.The company’s quarterly revenue was up 67.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.03 EPS. On average, research analysts predict that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be issued a $0.0038 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio is 3.23%.

Insiders Place Their Bets

In other Hecla Mining news, VP Stuart Maurice Absolom sold 14,472 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $11.29, for a total transaction of $163,388.88. Following the completion of the transaction, the vice president directly owned 73,200 shares in the company, valued at approximately $826,428. This trade represents a 16.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Russell Douglas Lawlar sold 148,372 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $15.00, for a total transaction of $2,225,580.00. Following the completion of the sale, the chief financial officer directly owned 347,402 shares in the company, valued at $5,211,030. This trade represents a 29.93% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 181,379 shares of company stock valued at $2,667,365. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HL. HC Wainwright upped their price objective on shares of Hecla Mining from $12.50 to $16.50 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hecla Mining in a research note on Monday. Scotiabank began coverage on shares of Hecla Mining in a research report on Thursday, November 13th. They issued a “sector perform” rating and a $15.00 price objective for the company. Roth Capital set a $8.75 price objective on Hecla Mining and gave the company a “sell” rating in a report on Friday, October 3rd. Finally, CIBC increased their target price on Hecla Mining from $15.00 to $16.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.22.

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.