Dimensional Fund Advisors LP Has $160.29 Million Stake in Hecla Mining Company $HL

Key Points

• Dimensional Fund Advisors LP increased its stake in Hecla Mining Company by 8.7%, acquiring an additional 2,306,239 shares, bringing its total ownership to approximately 28.8 million shares valued at $160.3 million.
• Hecla Mining reported a 23.8% increase in revenue year-over-year, achieving $304.03 million for the quarter and outpacing analysts' expectations of $248.93 million.
• The company declared a quarterly dividend of $0.0038 per share, reflecting a 0.2% yield, with the payment scheduled for September 4th and an ex-dividend date on August 22nd.

Dimensional Fund Advisors LP grew its position in Hecla Mining Company (NYSE:HL - Free Report) by 8.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,827,696 shares of the basic materials company's stock after buying an additional 2,306,239 shares during the quarter. Dimensional Fund Advisors LP owned 4.56% of Hecla Mining worth $160,285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Hecla Mining during the 1st quarter worth about $31,000. PFG Investments LLC purchased a new position in Hecla Mining during the 1st quarter worth $56,000. Ground Swell Capital LLC purchased a new stake in Hecla Mining in the 4th quarter valued at approximately $57,000. Hohimer Wealth Management LLC purchased a new position in Hecla Mining in the first quarter worth $58,000. Finally, CTC Alternative Strategies Ltd. acquired a new stake in shares of Hecla Mining in the fourth quarter valued at about $59,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HL has been the topic of a number of analyst reports. National Bankshares set a $7.00 price objective on Hecla Mining in a research note on Friday, June 13th. TD Securities decreased their target price on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Roth Capital reaffirmed a "neutral" rating on shares of Hecla Mining in a research report on Thursday, August 7th. BMO Capital Markets lifted their price objective on Hecla Mining from $6.00 to $6.50 and gave the company a "market perform" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded Hecla Mining from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.36.

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Stuart Maurice Absolom sold 18,926 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $6.66, for a total transaction of $126,047.16. Following the completion of the transaction, the vice president owned 59,410 shares in the company, valued at approximately $395,670.60. The trade was a 24.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

Hecla Mining Stock Down 0.3%

Shares of HL traded down $0.02 during trading on Monday, reaching $7.87. The company's stock had a trading volume of 13,994,827 shares, compared to its average volume of 21,752,492. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 49.19 and a beta of 1.27. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $6.42 and a two-hundred day moving average of $5.82. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $8.04.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The business had revenue of $304.03 million during the quarter, compared to the consensus estimate of $248.93 million. During the same period last year, the firm earned $0.02 earnings per share. The company's revenue for the quarter was up 23.8% compared to the same quarter last year. On average, sell-side analysts predict that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 22nd will be issued a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 22nd. Hecla Mining's dividend payout ratio is 6.25%.

About Hecla Mining

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.