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

Invesco Ltd. lifted its stake in shares of Hecla Mining (NYSE:HL - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,736,673 shares of the basic materials company's stock after buying an additional 147,730 shares during the period. Invesco Ltd. owned about 0.44% of Hecla Mining worth $13,437,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HL. Polymer Capital Management US LLC bought a new position in shares of Hecla Mining during the 4th quarter worth approximately $112,000. Trek Financial LLC bought a new stake in Hecla Mining during the fourth quarter worth $2,295,000. Federated Hermes Inc. purchased a new position in Hecla Mining in the fourth quarter worth $1,046,000. Landscape Capital Management L.L.C. grew its stake in Hecla Mining by 156.7% in the 4th quarter. Landscape Capital Management L.L.C. now owns 165,391 shares of the basic materials company's stock valued at $812,000 after purchasing an additional 100,970 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Hecla Mining during the 4th quarter valued at $3,720,000. Institutional investors own 63.01% of the company's stock.

Hecla Mining Price Performance

Shares of HL traded down $0.04 during midday trading on Friday, hitting $5.85. 14,385,229 shares of the company traded hands, compared to its average volume of 13,345,269. The stock has a 50-day moving average of $5.51 and a 200-day moving average of $5.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. Hecla Mining has a one year low of $4.41 and a one year high of $7.68. The firm has a market cap of $3.70 billion, a P/E ratio of 116.72 and a beta of 1.77.

Hecla Mining (NYSE:HL - Get Free Report) last posted its earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The firm had revenue of $249.66 million during the quarter, compared to analysts' expectations of $229.21 million. As a group, sell-side analysts predict that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.26%. The ex-dividend date was Monday, March 10th. Hecla Mining's payout ratio is 20.00%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HL. HC Wainwright restated a "buy" rating and set a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. Roth Mkm dropped their price objective on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. National Bank Financial raised Hecla Mining to a "hold" rating in a research report on Friday, March 21st. Finally, TD Securities cut Hecla Mining from a "buy" rating to a "hold" rating and dropped their price target for the company from $6.50 to $5.50 in a research report on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $7.75.

Insider Activity

In other news, CFO Russell Douglas Lawlar sold 16,333 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $84,604.94. Following the completion of the sale, the chief financial officer now owns 297,983 shares of the company's stock, valued at approximately $1,543,551.94. This represents a 5.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kurt Allen sold 9,195 shares of Hecla Mining stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $47,630.10. Following the completion of the transaction, the vice president now owns 104,512 shares in the company, valued at approximately $541,372.16. The trade was a 8.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,915 shares of company stock worth $300,000. 1.40% of the stock is currently owned by insiders.

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.