Ninety One UK Ltd Sells 918,997 Shares of Hecla Mining (NYSE:HL)

Ninety One UK Ltd reduced its holdings in Hecla Mining (NYSE:HL - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,067,281 shares of the basic materials company's stock after selling 918,997 shares during the period. Ninety One UK Ltd owned about 1.12% of Hecla Mining worth $34,700,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in Hecla Mining by 4.3% in the third quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company's stock valued at $391,510,000 after acquiring an additional 2,238,559 shares during the period. Geode Capital Management LLC boosted its position in shares of Hecla Mining by 5.4% during the third quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company's stock worth $92,499,000 after purchasing an additional 711,676 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Hecla Mining by 7.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company's stock worth $44,813,000 after purchasing an additional 456,107 shares during the period. FMR LLC raised its holdings in shares of Hecla Mining by 51.3% during the third quarter. FMR LLC now owns 5,435,909 shares of the basic materials company's stock worth $36,258,000 after acquiring an additional 1,842,991 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Hecla Mining by 43.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,481,761 shares of the basic materials company's stock valued at $23,223,000 after acquiring an additional 1,059,929 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Securities lowered their price target on 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 cut shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. Finally, StockNews.com lowered shares of Hecla Mining from a "hold" rating to a "sell" rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $7.94.

Hecla Mining Trading Down 2.2 %

NYSE HL traded down $0.14 on Friday, reaching $5.88. The company had a trading volume of 13,228,894 shares, compared to its average volume of 15,514,309. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $7.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of -146.88 and a beta of 1.91. The business has a 50 day moving average of $5.39 and a two-hundred day moving average of $5.84.

Hecla Mining (NYSE:HL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The company had revenue of $245.09 million for the quarter, compared to the consensus estimate of $232.03 million. During the same period in the previous year, the business earned ($0.01) EPS. The firm's revenue was up 34.7% compared to the same quarter last year. Analysts forecast that Hecla Mining will post 0.06 EPS for the current year.

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.