Voya Investment Management LLC Sells 23,459 Shares of Hecla Mining Company $HL

Key Points

• Voya Investment Management LLC reduced its shareholding in Hecla Mining Company by 12.8%, selling 23,459 shares, and now owns 159,826 shares valued at $889,000.
• Hecla Mining Company reported $0.08 earnings per share in its latest quarterly earnings, surpassing estimates, with a 23.8% year-over-year revenue increase to $304.03 million.
• Institutional investors currently hold 63.01% of Hecla Mining’s stock, indicating significant hedge fund interest in the company.

Voya Investment Management LLC trimmed its holdings in shares of Hecla Mining Company (NYSE:HL - Free Report) by 12.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 159,826 shares of the basic materials company's stock after selling 23,459 shares during the period. Voya Investment Management LLC's holdings in Hecla Mining were worth $889,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in HL. Ameriprise Financial Inc. increased its position in shares of Hecla Mining by 10.7% during the 4th quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company's stock worth $125,000 after purchasing an additional 2,457 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Hecla Mining by 138.1% during the fourth quarter. Quantinno Capital Management LP now owns 40,313 shares of the basic materials company's stock valued at $198,000 after purchasing an additional 23,381 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Hecla Mining by 185.0% in the fourth quarter. Two Sigma Advisers LP now owns 140,853 shares of the basic materials company's stock valued at $692,000 after buying an additional 91,424 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hecla Mining by 8.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,578,828 shares of the basic materials company's stock valued at $7,752,000 after buying an additional 127,756 shares during the period. Finally, Forum Financial Management LP boosted its holdings in shares of 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 valued at $122,000 after buying an additional 14,915 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.

Hecla Mining Stock Performance

NYSE:HL opened at $10.93 on Thursday. The company has a fifty day moving average of $8.19 and a 200-day moving average of $6.50. The firm has a market capitalization of $7.33 billion, a P/E ratio of 68.34 and a beta of 1.29. 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 twelve month low of $4.46 and a twelve month high of $11.90.

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

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 22nd were given a $0.0038 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining's dividend payout ratio (DPR) is presently 6.25%.

Analysts Set New Price Targets

HL has been the topic of a number of research reports. Wall Street Zen raised shares of Hecla Mining from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. National Bank Financial upgraded Hecla Mining to a "hold" rating in a research note on Thursday, June 12th. Roth Capital reaffirmed a "neutral" rating on shares of Hecla Mining in a report on Thursday, August 7th. CIBC increased their price objective on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Finally, BMO Capital Markets raised their price target on shares of Hecla Mining from $6.00 to $6.50 and gave the company a "market perform" rating in a research note on Thursday, August 7th. Two 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, the company presently has a consensus rating of "Hold" and an average price target of $7.36.

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Stuart Maurice Absolom sold 14,472 shares of Hecla Mining stock in a transaction on Friday, September 12th. The shares were sold at an average price of $11.29, for a total transaction of $163,388.88. Following the transaction, the vice president directly owned 73,200 shares of the company's stock, valued at $826,428. The trade was a 16.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by corporate insiders.

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.

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