Wellington Management Group LLP Acquires 7,116 Shares of Hecla Mining (NYSE:HL)

Wellington Management Group LLP lifted its holdings in Hecla Mining (NYSE:HL) by 0.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,646,468 shares of the basic materials company’s stock after acquiring an additional 7,116 shares during the quarter. Wellington Management Group LLP owned 0.26% of Hecla Mining worth $8,084,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in Hecla Mining by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company’s stock valued at $35,453,000 after buying an additional 502,094 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Hecla Mining during the 4th quarter valued at $1,640,000. JPMorgan Chase & Co. increased its position in Hecla Mining by 20.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,189,473 shares of the basic materials company’s stock valued at $20,570,000 after purchasing an additional 707,712 shares during the period. Vanguard Group Inc. increased its position in Hecla Mining by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company’s stock valued at $301,440,000 after purchasing an additional 774,000 shares during the period. Finally, Private Advisor Group LLC increased its position in Hecla Mining by 202.4% during the 4th quarter. Private Advisor Group LLC now owns 76,151 shares of the basic materials company’s stock valued at $374,000 after purchasing an additional 50,969 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Insider Activity at Hecla Mining

In other news, Director Catherine J. Boggs acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $4.99 per share, with a total value of $99,800.00. Following the transaction, the director now owns 348,169 shares of the company’s stock, valued at $1,737,363.31. This trade represents a 6.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HL. Roth Mkm reduced their price objective on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. National Bank Financial raised shares of Hecla Mining to a “hold” rating in a research report on Friday, March 21st. BMO Capital Markets reissued a “market perform” rating and set a $5.50 price objective (down from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. TD Securities reduced their price objective 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. Finally, HC Wainwright reissued a “buy” rating and set a $11.50 price objective on shares of Hecla Mining in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Hecla Mining currently has a consensus rating of “Hold” and a consensus price target of $7.13.

Hecla Mining Stock Up 2.5%

NYSE:HL opened at $5.77 on Wednesday. The firm’s 50-day moving average price is $5.32 and its 200-day moving average price is $5.43. The company has a market capitalization of $3.65 billion, a PE ratio of 115.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68.

Hecla Mining (NYSE:HL) last released its earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $261.34 million during the quarter, compared to analysts’ expectations of $238.50 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The firm’s quarterly revenue was up 37.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) earnings per share. On average, equities analysts predict that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be given a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, May 23rd. Hecla Mining’s dividend payout ratio (DPR) is 9.09%.

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.