Ninety One UK Ltd Has $30.86 Million Stock Position in Hecla Mining (NYSE:HL)

Ninety One UK Ltd trimmed its position in Hecla Mining (NYSE:HL) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,415,677 shares of the basic materials company’s stock after selling 122,780 shares during the quarter. Ninety One UK Ltd owned approximately 1.04% of Hecla Mining worth $30,859,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in shares of Hecla Mining by 8.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 25,299 shares of the basic materials company’s stock worth $160,000 after buying an additional 2,044 shares during the period. CIBC Asset Management Inc grew its position in shares of Hecla Mining by 14.7% during the 1st quarter. CIBC Asset Management Inc now owns 16,353 shares of the basic materials company’s stock worth $104,000 after buying an additional 2,092 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Hecla Mining by 13.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,026 shares of the basic materials company’s stock worth $75,000 after buying an additional 2,200 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Hecla Mining by 0.5% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 433,092 shares of the basic materials company’s stock worth $1,707,000 after buying an additional 2,316 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of Hecla Mining by 3.4% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 73,292 shares of the basic materials company’s stock worth $287,000 after buying an additional 2,440 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HL. StockNews.com upgraded Hecla Mining to a “sell” rating in a research report on Wednesday, April 10th. National Bank Financial restated an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. Finally, Roth Mkm lifted their price objective on Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6.68.

Hecla Mining Stock Performance

NYSE HL opened at $5.29 on Friday. The stock’s 50 day moving average price is $4.35 and its two-hundred day moving average price is $4.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.65. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $6.48.

Hecla Mining (NYSE:HL) last released its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $160.69 million during the quarter, compared to the consensus estimate of $151.51 million. Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. The company’s revenue was down 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. As a group, research analysts forecast that Hecla Mining will post 0.02 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Tuesday, March 12th were paid a $0.006 dividend. This represents a $0.02 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, March 11th. Hecla Mining’s payout ratio is -20.00%.

Hecla Mining Company 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.