Dimensional Fund Advisors LP Buys 168,185 Shares of Hecla Mining (NYSE:HL)

Dimensional Fund Advisors LP grew its position in Hecla Mining (NYSE:HL - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,919,446 shares of the basic materials company's stock after purchasing an additional 168,185 shares during the period. Dimensional Fund Advisors LP owned approximately 5.65% of Hecla Mining worth $167,967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. SCP Investment LP lifted its position in Hecla Mining by 34.7% during the 4th quarter. SCP Investment LP now owns 38,800 shares of the basic materials company's stock worth $181,000 after buying an additional 10,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hecla Mining by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,902,891 shares of the basic materials company's stock valued at $28,393,000 after purchasing an additional 62,702 shares in the last quarter. National Bank of Canada FI increased its position in shares of Hecla Mining by 7.7% during the 4th quarter. National Bank of Canada FI now owns 1,215,980 shares of the basic materials company's stock worth $5,703,000 after purchasing an additional 86,663 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Hecla Mining by 22.7% in the 4th quarter. Victory Capital Management Inc. now owns 77,389 shares of the basic materials company's stock valued at $372,000 after buying an additional 14,295 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Hecla Mining by 1.9% in the fourth quarter. Van ECK Associates Corp now owns 56,686,012 shares of the basic materials company's stock valued at $272,659,000 after buying an additional 1,044,102 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Stock Performance

Shares of Hecla Mining stock traded up $0.62 during trading on Friday, reaching $6.11. The company's stock had a trading volume of 18,701,849 shares, compared to its average volume of 8,136,395. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $6.23. The firm has a market cap of $3.83 billion, a PE ratio of -38.73 and a beta of 2.21. The business's 50-day moving average price is $4.94 and its 200-day moving average price is $4.49. The company has a quick ratio of 1.00, a current ratio of 1.67 and a debt-to-equity ratio of 0.34.

Hecla Mining (NYSE:HL - Get Free Report) last announced its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). Hecla Mining had a negative return on equity of 0.28% and a negative net margin of 12.22%. The business had revenue of $160.69 million for the quarter, compared to analyst estimates of $151.51 million. During the same quarter in the previous year, the company earned $0.02 EPS. The business's revenue for the quarter was down 17.5% on a year-over-year basis. Equities analysts forecast that Hecla Mining will post 0.04 earnings per share for the current year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Friday, May 24th will be given a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, May 23rd. Hecla Mining's dividend payout ratio is currently -20.00%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. National Bank Financial restated an "outperform market weight" rating on shares of Hecla Mining in a research note on Monday, April 8th. Cantor Fitzgerald upgraded Hecla Mining to a "strong-buy" rating in a research note on Thursday, May 9th. Roth Mkm lifted their target price on Hecla Mining from $4.60 to $6.00 and gave the stock a "buy" rating in a research note on Tuesday, April 9th. StockNews.com upgraded Hecla Mining to a "sell" rating in a research note on Thursday, May 9th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $10.25 price objective on shares of Hecla Mining in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $6.89.

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.