New York State Common Retirement Fund Has $2.11 Million Position in Hecla Mining Company (HL)
New York State Common Retirement Fund boosted its holdings in Hecla Mining Company (NYSE:HL) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 420,700 shares of the basic materials company’s stock after purchasing an additional 18,200 shares during the quarter. New York State Common Retirement Fund owned approximately 0.11% of Hecla Mining worth $2,112,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in HL. Ameriprise Financial Inc. grew its position in Hecla Mining by 15.6% during the second quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 3,143 shares during the period. Pacad Investment Ltd. grew its position in Hecla Mining by 10.4% during the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock valued at $140,000 after acquiring an additional 2,600 shares during the period. Advisor Group Inc. grew its position in Hecla Mining by 148.1% during the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock valued at $142,000 after acquiring an additional 16,561 shares during the period. Ameritas Investment Partners Inc. grew its position in Hecla Mining by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock valued at $177,000 after acquiring an additional 1,643 shares during the period. Finally, Parametrica Management Ltd purchased a new stake in Hecla Mining during the third quarter valued at about $187,000. Hedge funds and other institutional investors own 60.28% of the company’s stock.
A number of equities research analysts have issued reports on the company. Canaccord Genuity raised Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research report on Tuesday, November 14th. BMO Capital Markets reissued a “hold” rating and set a $6.00 price target on shares of Hecla Mining in a research report on Wednesday, September 20th. ValuEngine downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Sunday. B. Riley raised Hecla Mining from a “neutral” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Thursday, November 30th. Finally, HC Wainwright reissued a “buy” rating and set a $8.50 price target on shares of Hecla Mining in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $5.75.
In other Hecla Mining news, Director Theodore Crumley purchased 10,000 shares of Hecla Mining stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average price of $3.49 per share, with a total value of $34,900.00. Following the completion of the acquisition, the director now owns 126,536 shares of the company’s stock, valued at approximately $441,610.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George R. Nethercutt, Jr. sold 62,500 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $5.24, for a total value of $327,500.00. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
Shares of Hecla Mining Company (NYSE:HL) opened at $3.97 on Monday. Hecla Mining Company has a 1 year low of $3.43 and a 1 year high of $6.78. The company has a quick ratio of 2.15, a current ratio of 2.69 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1,584.10, a PE ratio of 66.17, a PEG ratio of 79.40 and a beta of 0.20.
Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The company had revenue of $140.80 million during the quarter, compared to the consensus estimate of $151.32 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The company’s revenue was down 21.5% compared to the same quarter last year. research analysts expect that Hecla Mining Company will post 0.05 EPS for the current fiscal year.
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Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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