Hecla Mining Company $HL Stock Holdings Increased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Hecla Mining Company by 62.3% during Q1, owning approximately 4.4 million shares valued at $24.7 million.
• Hecla Mining reported $0.08 EPS for the last quarter, beating estimates and showing a 23.8% year-over-year revenue growth to $304.03 million.
• The company declared a quarterly dividend of $0.0038 per share, which will yield 0.2%, with a payout ratio of 6.25%.

Invesco Ltd. boosted its stake in Hecla Mining Company (NYSE:HL - Free Report) by 62.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,442,667 shares of the basic materials company's stock after buying an additional 1,705,994 shares during the period. Invesco Ltd. owned 0.70% of Hecla Mining worth $24,701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Hecla Mining in the 1st quarter valued at about $31,000. PFG Investments LLC bought a new position in shares of Hecla Mining during the 1st quarter valued at about $56,000. Hohimer Wealth Management LLC bought a new position in shares of Hecla Mining during the 1st quarter valued at about $58,000. Abel Hall LLC bought a new position in shares of Hecla Mining during the 1st quarter valued at about $64,000. Finally, Ground Swell Capital LLC bought a new position in shares of Hecla Mining during the 4th quarter valued at about $57,000. Institutional investors own 63.01% of the company's stock.

Hecla Mining Trading Up 1.6%

Hecla Mining stock traded up $0.12 during midday trading on Tuesday, reaching $7.98. The stock had a trading volume of 21,082,728 shares, compared to its average volume of 21,837,828. The firm's fifty day simple moving average is $6.45 and its two-hundred day simple moving average is $5.83. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $8.04. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.67 and a quick ratio of 1.99. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 49.89 and a beta of 1.27.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The firm had revenue of $304.03 million during the quarter, compared to analyst estimates of $248.93 million. During the same quarter last year, the business posted $0.02 EPS. The company's revenue was up 23.8% on a year-over-year basis. Equities analysts anticipate that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 22nd will be paid a $0.0038 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.2%. Hecla Mining's dividend payout ratio (DPR) is currently 6.25%.

Analyst Upgrades and Downgrades

HL has been the subject of several research reports. CIBC raised their price objective on shares of Hecla Mining from $7.50 to $8.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded shares of Hecla Mining from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Roth Capital restated a "neutral" rating on shares of Hecla Mining in a research report on Thursday, August 7th. BMO Capital Markets raised their price objective on shares of Hecla Mining from $6.00 to $6.50 and gave the company a "market perform" rating in a research report on Thursday, August 7th. Finally, HC Wainwright raised their price objective on shares of Hecla Mining from $11.50 to $12.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $7.36.

Insider Buying and Selling

In related news, VP Stuart Maurice Absolom sold 18,926 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $6.66, for a total value of $126,047.16. Following the completion of the transaction, the vice president owned 59,410 shares of the company's stock, valued at approximately $395,670.60. This trade represents a 24.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company's stock.

About Hecla Mining

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.