Ninety One UK Ltd Has $75.26 Million Position in Hecla Mining Company $HL

Ninety One UK Ltd boosted its holdings in shares of Hecla Mining Company (NYSE:HL) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,219,902 shares of the basic materials company’s stock after acquiring an additional 103,009 shares during the quarter. Ninety One UK Ltd’s holdings in Hecla Mining were worth $75,261,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Hecla Mining by 40.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock valued at $102,144,000 after buying an additional 4,928,130 shares during the last quarter. Tidal Investments LLC boosted its stake in Hecla Mining by 14.7% during the second quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock worth $120,509,000 after buying an additional 2,574,855 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Hecla Mining by 565.9% in the second quarter. Balyasny Asset Management L.P. now owns 2,431,420 shares of the basic materials company’s stock valued at $14,564,000 after acquiring an additional 2,066,310 shares during the period. State Street Corp raised its stake in Hecla Mining by 7.2% during the second quarter. State Street Corp now owns 30,032,111 shares of the basic materials company’s stock worth $179,892,000 after acquiring an additional 2,029,327 shares in the last quarter. Finally, Man Group plc boosted its position in Hecla Mining by 73.4% in the second quarter. Man Group plc now owns 3,493,325 shares of the basic materials company’s stock valued at $20,925,000 after buying an additional 1,479,049 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

HL has been the subject of several research reports. HC Wainwright raised their price objective on shares of Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a research report on Thursday, November 6th. CIBC increased their target price on Hecla Mining from $15.00 to $16.50 and gave the company a “neutral” rating in a research note on Tuesday, November 25th. Roth Capital set a $8.75 target price on Hecla Mining and gave the stock a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hecla Mining in a research note on Monday. Finally, Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Hecla Mining presently has an average rating of “Hold” and a consensus target price of $10.22.

Insider Activity at Hecla Mining

In related news, CFO Russell Douglas Lawlar sold 148,372 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $15.00, for a total value of $2,225,580.00. Following the sale, the chief financial officer owned 347,402 shares in the company, valued at approximately $5,211,030. This represents a 29.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David C. Sienko sold 207,553 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the sale, the vice president owned 906,370 shares of the company’s stock, valued at $17,601,705.40. This trade represents a 18.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 374,460 shares of company stock valued at $6,534,655 over the last three months. Insiders own 0.62% of the company’s stock.

Hecla Mining Stock Performance

Shares of HL opened at $19.21 on Thursday. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 61.97 and a beta of 1.36. Hecla Mining Company has a 12 month low of $4.46 and a 12 month high of $21.19. The firm has a fifty day simple moving average of $16.08 and a 200 day simple moving average of $11.24. The company has a current ratio of 2.15, a quick ratio of 1.51 and a debt-to-equity ratio of 0.11.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The firm had revenue of $409.54 million for the quarter, compared to analysts’ expectations of $315.60 million. During the same period in the previous year, the firm posted $0.03 EPS. The company’s revenue for the quarter was up 67.1% on a year-over-year basis. Research analysts forecast that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, November 24th. Hecla Mining’s dividend payout ratio is presently 3.23%.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.