Ninety One UK Ltd Decreases Holdings in Hecla Mining Company $HL

Ninety One UK Ltd trimmed its holdings in shares of Hecla Mining Company (NYSE:HL) by 10.6% in the second quarter, Holdings Channel reports. The institutional investor owned 6,116,893 shares of the basic materials company’s stock after selling 722,694 shares during the period. Ninety One UK Ltd’s holdings in Hecla Mining were worth $36,640,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC lifted its stake in Hecla Mining by 10.9% during the first quarter. Focus Partners Advisor Solutions LLC now owns 21,657 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 2,135 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Hecla Mining by 13.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,883 shares of the basic materials company’s stock worth $93,000 after buying an additional 2,169 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its position in shares of Hecla Mining by 6.4% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 39,402 shares of the basic materials company’s stock worth $236,000 after buying an additional 2,368 shares during the last quarter. Ameriprise Financial Inc. lifted 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 buying an additional 2,457 shares during the last quarter. Finally, Xponance Inc. lifted its position in shares of Hecla Mining by 5.9% during the 1st quarter. Xponance Inc. now owns 45,092 shares of the basic materials company’s stock worth $251,000 after buying an additional 2,525 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HL. 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 raised Hecla Mining to a “hold” rating in a report on Thursday, June 12th. National Bankshares set a $7.00 target price on Hecla Mining in a report on Friday, June 13th. CIBC boosted their target price on Hecla Mining from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Finally, Roth Capital reiterated a “neutral” rating on shares of Hecla Mining in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hecla Mining presently has a consensus rating of “Hold” and a consensus price target of $7.36.

Insider Buying and Selling

In other Hecla Mining news, VP Stuart Maurice Absolom sold 14,472 shares of the company’s 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 completion of the transaction, the vice president owned 73,200 shares in the company, valued at approximately $826,428. This represents a 16.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $12.10 on Wednesday. The company has a 50-day simple moving average of $8.65 and a 200-day simple moving average of $6.68. Hecla Mining Company has a one year low of $4.46 and a one year high of $12.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 2.67. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 75.63 and a beta of 1.29.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The firm had revenue of $304.03 million during the quarter, compared to the consensus estimate of $248.93 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The firm’s revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. On average, analysts predict that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, August 22nd. Hecla Mining’s dividend payout ratio is 6.25%.

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.