Hecla Mining Company $HL Stock Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama increased its position in Hecla Mining Company (NYSE:HL) by 106.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,432,966 shares of the basic materials company’s stock after purchasing an additional 739,260 shares during the quarter. Retirement Systems of Alabama owned 0.21% of Hecla Mining worth $24,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HL. EFG International AG purchased a new stake in Hecla Mining during the 2nd quarter worth $36,000. Trust Co. of Vermont acquired a new position in Hecla Mining in the 2nd quarter worth $39,000. Bullseye Investment Management LLC purchased a new position in Hecla Mining in the 2nd quarter valued at about $42,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Hecla Mining in the 2nd quarter valued at about $46,000. Finally, International Assets Investment Management LLC boosted its position in Hecla Mining by 154.6% in the 1st quarter. International Assets Investment Management LLC now owns 2,470 shares of the basic materials company’s stock valued at $47,000 after buying an additional 1,500 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Price Performance

HL opened at $14.13 on Thursday. The stock has a market capitalization of $9.49 billion, a PE ratio of 25.23 and a beta of 1.44. The firm’s fifty day moving average price is $16.73 and its 200 day moving average price is $18.18. Hecla Mining Company has a 12-month low of $12.80 and a 12-month high of $34.17.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08. The company had revenue of $394.82 million during the quarter, compared to analyst estimates of $340.10 million. Hecla Mining had a net margin of 24.11% and a return on equity of 20.94%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. On average, equities research analysts forecast that Hecla Mining Company will post 0.46 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 Tuesday, December 8th. Stockholders of record on Monday, November 23rd will be paid a $0.0037 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, November 23rd. Hecla Mining’s dividend payout ratio is 1.79%.

Wall Street Analyst Weigh In

HL has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on Hecla Mining in a research note on Thursday, August 20th. They set a “hold” rating and a $22.00 target price for the company. Weiss Ratings upgraded Hecla Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Royal Bank Of Canada reduced their price target on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, September 16th. Scotiabank lowered their price objective on Hecla Mining from $21.00 to $20.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 4th. Finally, Zacks Research upgraded Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hecla Mining has a consensus rating of “Hold” and an average target price of $23.22.

Hecla Mining Company Profile

Hecla Mining Company is a precious-metals mining company founded in 1891 and headquartered in Coeur d’Alene, Idaho. It explores for, develops and operates mines producing silver and gold, with lead and zinc recovered as byproducts at some operations. Hecla’s mining operations are located in the United States and Canada, including the Greens Creek mine in Alaska, the Lucky Friday mine in Idaho, the Keno Hill silver district in Yukon and the Casa Berardi gold mine in Quebec.