Voya Investment Management LLC Boosts Stock Holdings in Hecla Mining Company $HL

Voya Investment Management LLC raised its position in shares of Hecla Mining Company (NYSE:HL) by 24.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,330 shares of the basic materials company’s stock after acquiring an additional 39,540 shares during the quarter. Voya Investment Management LLC’s holdings in Hecla Mining were worth $2,460,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in shares of Hecla Mining by 7.2% during the second quarter. State Street Corp now owns 30,032,111 shares of the basic materials company’s stock worth $179,892,000 after purchasing an additional 2,029,327 shares in the last quarter. Tidal Investments LLC boosted its stake in Hecla Mining by 14.7% during the 2nd quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock worth $120,509,000 after purchasing an additional 2,574,855 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hecla Mining by 40.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock worth $102,144,000 after buying an additional 4,928,130 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Hecla Mining by 20.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock worth $23,827,000 after buying an additional 739,360 shares in the last quarter. Finally, Man Group plc raised its position in shares of Hecla Mining by 73.4% in the second quarter. Man Group plc now owns 3,493,325 shares of the basic materials company’s stock valued at $20,925,000 after buying an additional 1,479,049 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Performance

Shares of Hecla Mining stock opened at $20.18 on Friday. The firm has a market cap of $13.52 billion, a PE ratio of 65.09 and a beta of 1.36. The company has a quick ratio of 1.51, a current ratio of 2.15 and a debt-to-equity ratio of 0.11. Hecla Mining Company has a 52 week low of $4.46 and a 52 week high of $21.19. The business’s fifty day simple moving average is $15.72 and its 200-day simple moving average is $10.96.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The firm had revenue of $409.54 million for the quarter, compared to analyst estimates of $315.60 million. During the same period in the previous year, the firm earned $0.03 EPS. Hecla Mining’s revenue was up 67.1% on a year-over-year basis. Equities analysts forecast that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, November 24th. Hecla Mining’s dividend payout ratio is currently 3.23%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HL. Roth Capital set a $8.75 price target on shares of Hecla Mining and gave the stock a “sell” rating in a research report on Friday, October 3rd. CIBC boosted their target price on Hecla Mining from $15.00 to $16.50 and gave the stock a “neutral” rating in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 22nd. Scotiabank assumed coverage on Hecla Mining in a research report on Thursday, November 13th. They set a “sector perform” rating and a $15.00 price objective on the stock. Finally, Wall Street Zen raised Hecla Mining from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hecla Mining currently has a consensus rating of “Hold” and an average target price of $10.22.

Insider Activity at Hecla Mining

In related news, CFO Russell Douglas Lawlar sold 148,372 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $15.00, for a total transaction of $2,225,580.00. Following the completion of the transaction, the chief financial officer owned 347,402 shares of the company’s stock, valued at approximately $5,211,030. This trade represents a 29.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David C. Sienko sold 207,553 shares of Hecla Mining stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total value of $4,030,679.26. Following the completion of the sale, the vice president directly owned 906,370 shares of the company’s stock, valued at $17,601,705.40. The trade was a 18.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 374,460 shares of company stock worth $6,534,655. Company insiders own 0.62% of the company’s stock.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.