Invesco Ltd. Increases Stock Holdings in Hecla Mining (NYSE:HL)

Invesco Ltd. increased its holdings in shares of Hecla Mining (NYSE:HL) by 85.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,081,834 shares of the basic materials company’s stock after buying an additional 957,371 shares during the period. Invesco Ltd. owned about 0.39% of Hecla Mining worth $15,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in HL. Renaissance Technologies LLC purchased a new position in shares of Hecla Mining during the 2nd quarter valued at approximately $24,740,000. Morgan Stanley raised its stake in Hecla Mining by 268.5% in the 2nd quarter. Morgan Stanley now owns 3,793,684 shares of the basic materials company’s stock valued at $28,224,000 after purchasing an additional 2,764,286 shares during the last quarter. Van ECK Associates Corp raised its stake in Hecla Mining by 3.1% in the 2nd quarter. Van ECK Associates Corp now owns 51,553,703 shares of the basic materials company’s stock valued at $383,560,000 after purchasing an additional 1,563,234 shares during the last quarter. Amundi acquired a new position in Hecla Mining in the 2nd quarter valued at $9,656,000. Finally, Vanguard Group Inc. raised its stake in Hecla Mining by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 50,153,331 shares of the basic materials company’s stock valued at $373,141,000 after purchasing an additional 1,212,378 shares during the last quarter. Hedge funds and other institutional investors own 59.75% of the company’s stock.

HL has been the subject of several recent research reports. HC Wainwright reduced their price objective on Hecla Mining from $7.75 to $7.50 and set a “buy” rating for the company in a research note on Wednesday, October 13th. Roth Capital initiated coverage on Hecla Mining in a research note on Monday, September 27th. They issued a “buy” rating and a $7.50 price objective for the company. Cantor Fitzgerald raised Hecla Mining from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Wednesday, September 8th. Finally, Zacks Investment Research raised Hecla Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $7.64.

Shares of HL opened at $5.84 on Thursday. Hecla Mining has a 52-week low of $4.66 and a 52-week high of $9.44. The company has a market capitalization of $3.14 billion, a PE ratio of -36.50, a price-to-earnings-growth ratio of 54.82 and a beta of 2.16. The stock has a fifty day simple moving average of $5.77 and a two-hundred day simple moving average of $6.71. The company has a quick ratio of 2.00, a current ratio of 2.46 and a debt-to-equity ratio of 0.30.

Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, November 4th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21). The company had revenue of $193.60 million during the quarter, compared to analyst estimates of $181.65 million. Hecla Mining had a return on equity of 4.41% and a net margin of 2.41%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.05 earnings per share. As a group, equities analysts anticipate that Hecla Mining will post 0.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 3rd. Stockholders of record on Friday, November 19th will be issued a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 18th. Hecla Mining’s dividend payout ratio is presently -18.75%.

Hecla Mining Company Profile

Hecla Mining Co operates as a silver and gold production company. The firm produces lead, zinc and bulk concentrates for custom smelters and brokers; and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: The Greens Creek, The Lucky Friday, The Casa Berardi, The Nevada Operations, and The San Sebastian.

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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