57,441 Shares in Hecla Mining Company $HL Bought by New York Life Investment Management LLC

New York Life Investment Management LLC bought a new position in Hecla Mining Company (NYSE:HL) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 57,441 shares of the basic materials company’s stock, valued at approximately $1,102,000.

A number of other large investors also recently added to or reduced their stakes in HL. Maryland State Retirement & Pension System purchased a new position in Hecla Mining in the 3rd quarter worth approximately $1,150,000. Berman McAleer LLC purchased a new position in Hecla Mining in the 3rd quarter worth approximately $593,000. Teachers Retirement System of The State of Kentucky purchased a new position in Hecla Mining in the 3rd quarter worth approximately $1,785,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hecla Mining by 38.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock worth $284,651,000 after purchasing an additional 6,472,566 shares during the period. Finally, Retirement Systems of Alabama purchased a new position in Hecla Mining in the 4th quarter worth approximately $15,433,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, April 29th. Finally, Roth Mkm set a $13.00 price objective on shares of Hecla Mining in a research report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hecla Mining has an average rating of “Hold” and an average price target of $22.25.

Hecla Mining Price Performance

Shares of HL opened at $16.34 on Wednesday. The stock has a market cap of $10.96 billion, a PE ratio of 39.86 and a beta of 1.26. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. Hecla Mining Company has a fifty-two week low of $4.90 and a fifty-two week high of $34.17. The firm’s 50-day simple moving average is $18.86 and its two-hundred day simple moving average is $19.73.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The business had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.Hecla Mining’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 EPS. Analysts anticipate that Hecla Mining Company will post 0.93 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be paid a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, May 22nd. Hecla Mining’s dividend payout ratio is currently 2.44%.

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.