Ninety One UK Ltd Has $34.70 Million Stock Position in Hecla Mining (NYSE:HL)

Ninety One UK Ltd lessened its holdings in shares of Hecla Mining (NYSE:HL) by 11.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,067,281 shares of the basic materials company’s stock after selling 918,997 shares during the quarter. Ninety One UK Ltd’s holdings in Hecla Mining were worth $34,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Hecla Mining by 30.7% during the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 1,961 shares during the period. Hollencrest Capital Management grew its holdings in Hecla Mining by 1.0% in the 3rd quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock valued at $1,659,000 after buying an additional 2,367 shares in the last quarter. KBC Group NV increased its position in Hecla Mining by 19.2% during the 3rd quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock worth $121,000 after buying an additional 2,909 shares during the period. The Manufacturers Life Insurance Company increased its position in Hecla Mining by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock worth $1,639,000 after buying an additional 2,939 shares during the period. Finally, MML Investors Services LLC lifted its holdings in shares of Hecla Mining by 28.6% during the third quarter. MML Investors Services LLC now owns 13,229 shares of the basic materials company’s stock worth $88,000 after buying an additional 2,944 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Up 2.2 %

Shares of NYSE HL opened at $5.89 on Wednesday. The stock has a 50-day moving average price of $5.37 and a two-hundred day moving average price of $5.84. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.70 billion, a price-to-earnings ratio of -147.13 and a beta of 1.91.

Hecla Mining (NYSE:HL) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The company’s quarterly revenue was up 34.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) earnings per share. As a group, analysts forecast that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

HL has been the topic of a number of recent research reports. TD Securities lowered their price target on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.94.

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.