Hecla Mining Company $HL Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Hecla Mining Company (NYSE:HL) by 20.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,195,593 shares of the basic materials company’s stock after selling 6,109,476 shares during the period. Dimensional Fund Advisors LP owned approximately 3.46% of Hecla Mining worth $280,654,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Transce3nd LLC purchased a new stake in shares of Hecla Mining in the second quarter valued at about $25,000. USA Financial Formulas purchased a new position in Hecla Mining during the third quarter worth about $25,000. UMB Bank n.a. lifted its position in Hecla Mining by 2,390.0% in the third quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 2,390 shares during the period. EverSource Wealth Advisors LLC lifted its position in Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 4,425 shares during the period. Finally, MAI Capital Management purchased a new stake in Hecla Mining in the 3rd quarter valued at approximately $39,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. HC Wainwright upped their price objective on Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Canaccord Genuity Group set a $26.50 target price on Hecla Mining in a report on Friday, January 23rd. Zacks Research lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Scotiabank upped their price target on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Finally, Roth Mkm set a $13.00 price target on shares of Hecla Mining in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Hecla Mining presently has an average rating of “Hold” and a consensus price target of $21.63.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $20.46 on Friday. The company has a 50-day simple moving average of $23.53 and a 200-day simple moving average of $16.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 2.22. The company has a market cap of $13.72 billion, a PE ratio of 41.76 and a beta of 1.22. Hecla Mining Company has a 12 month low of $4.46 and a 12 month high of $34.17.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Monday, March 9th will be given a dividend of $0.0038 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio is 2.04%.

Insider Activity at Hecla Mining

In other news, VP David C. Sienko sold 207,553 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the completion of the sale, the vice president directly owned 906,370 shares in the company, valued at $17,601,705.40. This represents a 18.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total value of $1,144,118.29. Following the sale, the vice president owned 216,641 shares of the company’s stock, valued at $4,746,604.31. This represents a 19.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.62% of the company’s stock.

Hecla Mining Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.