Invesco Ltd. Has $24.70 Million Holdings in Hecla Mining Company $HL

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 holdings in shares of Hecla Mining Company (NYSE:HL - Free Report) by 62.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,442,667 shares of the basic materials company's stock after acquiring an additional 1,705,994 shares during the quarter. Invesco Ltd. owned approximately 0.70% of Hecla Mining worth $24,701,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HL. Raymond James Financial Inc. bought a new stake in Hecla Mining in the fourth quarter worth $1,640,000. Sterling Capital Management LLC boosted its holdings in Hecla Mining by 811.4% in the fourth quarter. Sterling Capital Management LLC now owns 18,511 shares of the basic materials company's stock worth $91,000 after purchasing an additional 16,480 shares in the last quarter. Barclays PLC boosted its holdings in Hecla Mining by 11.8% in the fourth quarter. Barclays PLC now owns 1,016,903 shares of the basic materials company's stock worth $4,992,000 after purchasing an additional 107,092 shares in the last quarter. Forum Financial Management LP boosted its holdings in Hecla Mining by 148.8% in the fourth quarter. Forum Financial Management LP now owns 24,940 shares of the basic materials company's stock worth $122,000 after purchasing an additional 14,915 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Hecla Mining by 3.6% in the fourth quarter. MetLife Investment Management LLC now owns 337,777 shares of the basic materials company's stock worth $1,658,000 after purchasing an additional 11,649 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HL shares. HC Wainwright upped their price objective on shares of Hecla Mining from $11.50 to $12.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. CIBC upped their price objective on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. TD Securities decreased their price objective on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a report on Monday, May 5th. National Bankshares set a $7.00 price objective on shares of Hecla Mining in a report on Friday, June 13th. Finally, Roth Capital restated a "neutral" rating on shares of Hecla Mining in a report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $7.36.

Hecla Mining Stock Performance

HL stock traded up $0.1890 during mid-day trading on Friday, reaching $7.8790. 19,192,080 shares of the stock traded hands, compared to its average volume of 21,819,428. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23. Hecla Mining Company has a 52 week low of $4.46 and a 52 week high of $8.04. The business has a 50-day moving average of $6.38 and a two-hundred day moving average of $5.81. The firm has a market capitalization of $5.28 billion, a PE ratio of 49.25 and a beta of 1.27.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The company had revenue of $304.03 million during the quarter, compared to analysts' expectations of $248.93 million. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The business's quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 earnings per share. As a group, equities analysts predict that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

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

Insider Activity at Hecla Mining

In other news, VP Stuart Maurice Absolom sold 18,926 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $6.66, for a total transaction 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 represents a 24.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.62% of the company's stock.

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.