Schwab Charles Investment Management Inc. Acquires 228,650 Shares of Hecla Mining (HL)

Share on StockTwits

Schwab Charles Investment Management Inc. lifted its holdings in Hecla Mining (NYSE:HL) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,749,426 shares of the basic materials company’s stock after acquiring an additional 228,650 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.69% of Hecla Mining worth $9,569,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HL. Van ECK Associates Corp grew its holdings in Hecla Mining by 2.4% during the 1st quarter. Van ECK Associates Corp now owns 41,746,917 shares of the basic materials company’s stock valued at $153,211,000 after purchasing an additional 960,494 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Hecla Mining by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 33,648,801 shares of the basic materials company’s stock valued at $123,491,000 after purchasing an additional 85,660 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its holdings in Hecla Mining by 40.5% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 3,349,211 shares of the basic materials company’s stock valued at $12,291,000 after purchasing an additional 965,000 shares in the last quarter. Alps Advisors Inc. grew its holdings in Hecla Mining by 43.9% during the 2nd quarter. Alps Advisors Inc. now owns 1,844,444 shares of the basic materials company’s stock valued at $7,322,000 after purchasing an additional 563,063 shares in the last quarter. Finally, Creative Planning grew its holdings in Hecla Mining by 45.4% during the 2nd quarter. Creative Planning now owns 796,260 shares of the basic materials company’s stock valued at $2,771,000 after purchasing an additional 248,538 shares in the last quarter. 51.95% of the stock is owned by institutional investors.

A number of research firms recently weighed in on HL. ValuEngine raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Canaccord Genuity lowered shares of Hecla Mining from a “buy” rating to a “hold” rating and set a $3.75 price target for the company. in a report on Friday, July 13th. BMO Capital Markets set a $4.00 price target on shares of Hecla Mining and gave the company a “hold” rating in a report on Friday, July 13th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $6.00 price target on shares of Hecla Mining in a report on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $4.67.

Shares of HL stock opened at $2.95 on Tuesday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 149.00 and a beta of 0.15. The company has a quick ratio of 2.77, a current ratio of 3.35 and a debt-to-equity ratio of 0.36. Hecla Mining has a 1-year low of $2.59 and a 1-year high of $5.42.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, August 9th. The basic materials company reported $0.01 earnings per share for the quarter. The company had revenue of $147.30 million during the quarter, compared to analyst estimates of $143.33 million. Hecla Mining had a negative net margin of 1.02% and a positive return on equity of 2.91%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. equities analysts forecast that Hecla Mining will post 0.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 24th were issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.34%. The ex-dividend date was Thursday, August 23rd. Hecla Mining’s dividend payout ratio is currently 10.00%.

Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

Recommended Story: Technical Analysis of Stocks, How Can It Help

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

Receive News & Ratings for Hecla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply