Hecla Mining (NYSE:HL) Shares Sold by Jennison Associates LLC

Jennison Associates LLC reduced its holdings in Hecla Mining (NYSE:HL) by 23.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,250 shares of the basic materials company’s stock after selling 39,874 shares during the quarter. Jennison Associates LLC’s holdings in Hecla Mining were worth $617,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HL. Van ECK Associates Corp increased its stake in Hecla Mining by 1.3% in the 3rd quarter. Van ECK Associates Corp now owns 55,641,910 shares of the basic materials company’s stock valued at $217,560,000 after purchasing an additional 728,881 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Hecla Mining by 163.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 814,376 shares of the basic materials company’s stock valued at $3,184,000 after purchasing an additional 505,271 shares in the last quarter. Vanguard Group Inc. increased its stake in Hecla Mining by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 57,567,847 shares of the basic materials company’s stock valued at $225,090,000 after purchasing an additional 487,299 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Hecla Mining by 2.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,390,499 shares of the basic materials company’s stock valued at $52,357,000 after purchasing an additional 298,547 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Hecla Mining by 225.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 418,270 shares of the basic materials company’s stock valued at $1,635,000 after purchasing an additional 289,703 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HL has been the subject of several recent research reports. StockNews.com raised Hecla Mining to a “sell” rating in a research report on Wednesday, April 10th. National Bank Financial reissued an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. Finally, Roth Mkm raised their price target on Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hecla Mining has an average rating of “Moderate Buy” and an average target price of $6.68.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $5.11 on Friday. The company has a market cap of $3.15 billion, a P/E ratio of -34.06 and a beta of 2.20. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.33. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $6.30. The business has a fifty day simple moving average of $4.54 and a 200-day simple moving average of $4.40.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $160.69 million during the quarter, compared to analysts’ expectations of $151.51 million. Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. Hecla Mining’s revenue for the quarter was down 17.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. Equities research analysts forecast that Hecla Mining will post 0.02 EPS for the current year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were issued a $0.006 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, March 11th. Hecla Mining’s payout ratio is currently -20.00%.

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.