Dimensional Fund Advisors LP Lowers Position in Hecla Mining (HL)
Dimensional Fund Advisors LP cut its holdings in Hecla Mining (NYSE:HL) by 1.8% in the second quarter, HoldingsChannel.com reports. The fund owned 33,032,576 shares of the basic materials company’s stock after selling 616,225 shares during the quarter. Dimensional Fund Advisors LP owned 0.08% of Hecla Mining worth $114,953,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Financial Advocates Investment Management purchased a new stake in shares of Hecla Mining during the first quarter valued at about $103,000. GAM Holding AG purchased a new stake in shares of Hecla Mining during the second quarter valued at about $186,000. Clinton Group Inc. purchased a new stake in shares of Hecla Mining during the first quarter valued at about $216,000. Xact Kapitalforvaltning AB lifted its position in shares of Hecla Mining by 34.4% during the first quarter. Xact Kapitalforvaltning AB now owns 60,916 shares of the basic materials company’s stock valued at $224,000 after buying an additional 15,600 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Hecla Mining by 193.3% during the first quarter. SG Americas Securities LLC now owns 62,832 shares of the basic materials company’s stock valued at $231,000 after buying an additional 41,411 shares during the last quarter. 51.95% of the stock is owned by institutional investors.
HL opened at $2.71 on Friday. Hecla Mining has a 52-week low of $2.62 and a 52-week high of $5.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.77 and a current ratio of 3.35. The stock has a market cap of $1.32 billion, a PE ratio of 25.18, a P/E/G ratio of 79.14 and a beta of 0.14.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 24th were issued a $0.0025 dividend. The ex-dividend date was Thursday, August 23rd. This represents a $0.01 annualized dividend and a yield of 0.37%. Hecla Mining’s dividend payout ratio (DPR) is presently 10.00%.
Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. B. Riley cut their price objective on shares of Hecla Mining from $5.30 to $5.00 and set a “buy” rating on the stock in a report on Friday, May 11th. Zacks Investment Research downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Canaccord Genuity downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating and set a $3.75 price objective on the stock. in a report on Friday, July 13th. Finally, BMO Capital Markets set a $4.00 price objective on shares of Hecla Mining and gave the company a “hold” rating in a report on Friday, July 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $4.78.
About Hecla Mining
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.
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