Hecla Mining (NYSE:HL) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP reduced its holdings in Hecla Mining (NYSE:HL) by 13.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,571 shares of the basic materials company’s stock after selling 8,218 shares during the quarter. Aigen Investment Management LP’s holdings in Hecla Mining were worth $351,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management lifted its holdings in shares of Hecla Mining by 1.0% in the third quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock valued at $1,659,000 after purchasing an additional 2,367 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Hecla Mining by 27.7% in the first quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 2,916 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Hecla Mining by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock valued at $1,639,000 after purchasing an additional 2,939 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Hecla Mining by 21.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 2,982 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its holdings in shares of Hecla Mining by 8.7% in the third quarter. Financial Advocates Investment Management now owns 37,919 shares of the basic materials company’s stock valued at $253,000 after purchasing an additional 3,037 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Stock Performance

HL stock opened at $5.50 on Friday. 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 company has a 50 day moving average price of $6.52 and a 200 day moving average price of $5.85. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $7.68. The stock has a market capitalization of $3.46 billion, a PE ratio of -137.50 and a beta of 2.00.

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

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be issued a $0.0138 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, November 21st. Hecla Mining’s dividend payout ratio (DPR) is -125.00%.

Insider Activity

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total transaction of $735,303.24. Following the sale, the vice president now directly owns 173,700 shares of the company’s stock, valued at $1,175,949. The trade was a 38.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

HL has been the subject of a number of research analyst reports. StockNews.com lowered Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. TD Securities cut their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. HC Wainwright reiterated a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a report on Thursday, August 8th. Roth Mkm cut their price objective on Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, National Bank Financial lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.94.

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.