Ninety One UK Ltd decreased its position in Hecla Mining Company (NYSE:HL - Free Report) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,839,587 shares of the basic materials company's stock after selling 227,694 shares during the quarter. Ninety One UK Ltd owned 1.08% of Hecla Mining worth $38,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of HL. Tidal Investments LLC lifted its position in Hecla Mining by 100.5% in the fourth quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock valued at $77,999,000 after purchasing an additional 7,960,826 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Hecla Mining in the fourth quarter valued at approximately $18,441,000. Marshall Wace LLP lifted its position in Hecla Mining by 182.4% in the fourth quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company's stock valued at $24,580,000 after purchasing an additional 3,233,116 shares during the last quarter. Jefferies Financial Group Inc. lifted its position in Hecla Mining by 1,331.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 1,997,790 shares of the basic materials company's stock valued at $9,809,000 after purchasing an additional 1,858,271 shares during the last quarter. Finally, Norges Bank bought a new stake in Hecla Mining in the fourth quarter valued at approximately $7,855,000. Institutional investors own 63.01% of the company's stock.
Insider Buying and Selling at Hecla Mining
In related news, Director Catherine J. Boggs purchased 20,000 shares of Hecla Mining stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average cost of $4.99 per share, for a total transaction of $99,800.00. Following the completion of the acquisition, the director directly owned 348,169 shares of the company's stock, valued at $1,737,363.31. The trade was a 6.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Stuart Maurice Absolom sold 18,926 shares of the firm's stock in a transaction 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 transaction, the vice president owned 59,410 shares of the company's stock, valued at $395,670.60. The trade was a 24.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.
Hecla Mining Trading Up 7.3%
Shares of Hecla Mining stock traded up $0.43 during midday trading on Friday, reaching $6.32. 33,864,299 shares of the company's stock traded hands, compared to its average volume of 16,102,577. The company has a market cap of $4.00 billion, a PE ratio of 57.46 and a beta of 1.47. The stock has a 50 day moving average of $5.59 and a 200-day moving average of $5.53. Hecla Mining Company has a 12 month low of $4.41 and a 12 month high of $7.68. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.75 and a current ratio of 1.43.
Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.87% and a net margin of 7.13%. The firm had revenue of $261.34 million during the quarter, compared to analysts' expectations of $238.50 million. During the same period in the previous year, the company earned ($0.01) earnings per share. Hecla Mining's revenue for the quarter was up 37.9% on a year-over-year basis. As a group, equities analysts expect that Hecla Mining Company will post 0.21 EPS for the current fiscal year.
Hecla Mining Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.0038 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.24%. Hecla Mining's payout ratio is presently 9.09%.
Analyst Ratings Changes
Several analysts have weighed in on the company. Roth Capital reiterated a "neutral" rating and issued a $6.00 price objective on shares of Hecla Mining in a research report on Tuesday, July 1st. TD Securities lowered their price objective on Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Monday, May 5th. National Bank Financial upgraded Hecla Mining to a "hold" rating in a research report on Thursday, June 12th. BMO Capital Markets reiterated a "market perform" rating and issued a $5.50 price objective (down previously from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. Finally, National Bankshares set a $7.00 target price on Hecla Mining in a report on Friday, June 13th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Hecla Mining presently has an average rating of "Hold" and an average target price of $6.92.
Check Out Our Latest Research Report on HL
Hecla Mining Company Profile
(
Free Report)
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.
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