Wellington Management Group LLP Has $25 Million Position in Hecla Mining Company $HL

Wellington Management Group LLP cut its stake in shares of Hecla Mining Company (NYSE:HL) by 26.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,620,108 shares of the basic materials company’s stock after selling 588,034 shares during the period. Wellington Management Group LLP’s holdings in Hecla Mining were worth $24,998,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HL. Parallel Advisors LLC lifted its position in Hecla Mining by 33.9% in the 4th quarter. Parallel Advisors LLC now owns 2,011 shares of the basic materials company’s stock worth $39,000 after buying an additional 509 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of Hecla Mining by 26.9% in the first quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 538 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Hecla Mining by 74.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 631 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Hecla Mining by 5.4% during the fourth quarter. Toronto Dominion Bank now owns 12,494 shares of the basic materials company’s stock worth $239,000 after acquiring an additional 644 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in Hecla Mining by 4.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 16,844 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 722 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Trading Down 2.5%

HL stock opened at $20.68 on Friday. Hecla Mining Company has a 1 year low of $8.83 and a 1 year high of $34.17. The company has a fifty day simple moving average of $17.10 and a 200 day simple moving average of $18.14. The firm has a market cap of $13.89 billion, a PE ratio of 42.20 and a beta of 1.38.

Hecla Mining (NYSE:HL) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The business had revenue of $333.85 million for the quarter, compared to analyst estimates of $368.75 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, analysts forecast that Hecla Mining Company will post 0.46 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.0038 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, August 26th. Hecla Mining’s dividend payout ratio is 2.04%.

Analyst Ratings Changes

HL has been the topic of a number of recent research reports. Weiss Ratings upgraded Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Scotiabank reduced their price target on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Jefferies Financial Group started coverage on Hecla Mining in a research note on Thursday, August 20th. They issued a “hold” rating and a $22.00 price target for the company. Finally, Zacks Research upgraded Hecla Mining to a “hold” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Hecla Mining currently has an average rating of “Hold” and an average target price of $23.82.

About Hecla Mining

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.