Aigen Investment Management LP Sells 8,218 Shares of Hecla Mining (NYSE:HL)

Aigen Investment Management LP trimmed its position in Hecla Mining (NYSE:HL) by 13.5% during the third quarter, Holdings Channel reports. 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 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Continuum Advisory LLC raised its holdings in Hecla Mining by 313.6% in the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 4,967 shares during the period. Innealta Capital LLC acquired a new position in shares of Hecla Mining during the 2nd quarter worth approximately $41,000. Sound Income Strategies LLC acquired a new position in shares of Hecla Mining during the 3rd quarter worth approximately $49,000. Ballentine Partners LLC acquired a new stake in shares of Hecla Mining during the 2nd quarter worth approximately $54,000. Finally, Oak Family Advisors LLC acquired a new stake in shares of Hecla Mining during the 2nd quarter worth approximately $55,000. 63.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the sale, the vice president now directly owns 173,700 shares in the company, valued at $1,175,949. This represents a 38.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Hecla Mining Stock Down 1.8 %

HL opened at $5.50 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of -137.50 and a beta of 2.00. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68. The company’s 50-day moving average price is $6.52 and its two-hundred day moving average price is $5.85.

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

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, November 21st. Hecla Mining’s payout ratio is currently -125.00%.

About Hecla Mining

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.