American Century Companies Inc. Has $2,619,000 Position in Hecla Mining Company (HL)
American Century Companies Inc. maintained its stake in Hecla Mining Company (NYSE:HL) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 513,475 shares of the basic materials company’s stock at the end of the 2nd quarter. American Century Companies Inc. owned about 0.13% of Hecla Mining worth $2,619,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Hecla Mining by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 33,366,407 shares of the basic materials company’s stock worth $176,507,000 after purchasing an additional 225,517 shares during the period. Vanguard Group Inc. grew its holdings in shares of Hecla Mining by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 31,844,025 shares of the basic materials company’s stock worth $168,455,000 after purchasing an additional 1,458,387 shares during the period. Van ECK Associates Corp grew its holdings in shares of Hecla Mining by 17.4% during the 1st quarter. Van ECK Associates Corp now owns 27,690,113 shares of the basic materials company’s stock worth $146,481,000 after purchasing an additional 4,112,479 shares during the period. BlackRock Inc. grew its holdings in shares of Hecla Mining by 25,993.9% during the 1st quarter. BlackRock Inc. now owns 25,056,653 shares of the basic materials company’s stock worth $132,549,000 after purchasing an additional 24,960,628 shares during the period. Finally, State Street Corp grew its holdings in shares of Hecla Mining by 17.2% during the 1st quarter. State Street Corp now owns 15,508,845 shares of the basic materials company’s stock worth $82,046,000 after purchasing an additional 2,275,928 shares during the period. 59.36% of the stock is owned by institutional investors and hedge funds.
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Hecla Mining Company (HL) opened at 5.07 on Thursday. The stock has a market capitalization of $2.02 billion, a PE ratio of 41.22 and a beta of 0.40. Hecla Mining Company has a one year low of $4.61 and a one year high of $7.64. The company’s 50-day moving average price is $5.15 and its 200-day moving average price is $5.32.
Hecla Mining (NYSE:HL) last released its earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.05). The business had revenue of $134.30 million during the quarter, compared to analyst estimates of $130.54 million. Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. The business’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. Equities research analysts predict that Hecla Mining Company will post $0.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd were paid a $0.0025 dividend. The ex-dividend date was Monday, August 21st. This represents a $0.01 annualized dividend and a yield of 0.20%. Hecla Mining’s payout ratio is currently 7.69%.
A number of research firms have recently weighed in on HL. Canaccord Genuity reiterated a “hold” rating and set a $5.00 price target on shares of Hecla Mining in a report on Thursday, September 7th. ValuEngine upgraded Hecla Mining from a “sell” rating to a “hold” rating in a report on Friday, September 1st. TheStreet cut Hecla Mining from a “b-” rating to a “c” rating in a report on Thursday, August 3rd. HC Wainwright reiterated a “buy” rating and set a $8.00 price target on shares of Hecla Mining in a report on Sunday, June 25th. Finally, BidaskClub cut Hecla Mining from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $6.43.
About Hecla Mining
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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