Hecla Mining Company $HL Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in Hecla Mining Company (NYSE:HL) by 26.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,601 shares of the basic materials company’s stock after selling 98,587 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hecla Mining were worth $3,347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Transce3nd LLC purchased a new position in Hecla Mining in the second quarter valued at $25,000. USA Financial Formulas acquired a new stake in Hecla Mining in the 3rd quarter valued at about $25,000. UMB Bank n.a. boosted its stake in shares of Hecla Mining by 2,390.0% in the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after buying an additional 2,390 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Hecla Mining by 255.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after buying an additional 4,425 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Hecla Mining during the second quarter worth approximately $44,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HL shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hecla Mining in a research note on Monday, December 29th. Roth Mkm set a $13.00 price objective on shares of Hecla Mining in a report on Wednesday. Scotiabank lifted their price objective on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Zacks Research downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded Hecla Mining from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.63.

Hecla Mining Trading Up 5.2%

NYSE HL opened at $23.98 on Friday. The firm’s fifty day moving average price is $22.88 and its 200 day moving average price is $15.84. Hecla Mining Company has a 12 month low of $4.46 and a 12 month high of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.51. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 48.94 and a beta of 1.25.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Monday, March 9th will be given a dividend of $0.0038 per share. The ex-dividend date is Monday, March 9th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s payout ratio is 2.04%.

Insider Transactions at Hecla Mining

In other news, VP David C. Sienko sold 207,553 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was 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 approximately $17,601,705.40. The trade was a 18.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kurt Allen sold 52,219 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total value of $1,144,118.29. Following the transaction, the vice president owned 216,641 shares in the company, valued at $4,746,604.31. This represents a 19.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is currently owned by insiders.

Hecla Mining Profile

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.