New York State Teachers Retirement System Purchases New Stake in Hecla Mining Company $HL

New York State Teachers Retirement System purchased a new stake in shares of Hecla Mining Company (NYSE:HL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 401,600 shares of the basic materials company’s stock, valued at approximately $4,859,000. New York State Teachers Retirement System owned 0.06% of Hecla Mining as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Ninety One UK Ltd lifted its position in shares of Hecla Mining by 1.7% in the 3rd quarter. Ninety One UK Ltd now owns 6,219,902 shares of the basic materials company’s stock worth $75,261,000 after purchasing an additional 103,009 shares during the period. Yousif Capital Management LLC bought a new position in Hecla Mining in the third quarter worth about $2,483,000. B. Riley Wealth Advisors Inc. purchased a new stake in Hecla Mining in the second quarter worth about $2,256,000. TIAA Trust National Association boosted its position in Hecla Mining by 176.4% during the 2nd quarter. TIAA Trust National Association now owns 41,519 shares of the basic materials company’s stock valued at $249,000 after acquiring an additional 26,499 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. grew its holdings in shares of Hecla Mining by 20.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 306,000 shares of the basic materials company’s stock worth $1,833,000 after acquiring an additional 51,000 shares during the period. Institutional investors own 63.01% of the company’s stock.

Insider Activity at Hecla Mining

In other news, VP David C. Sienko sold 207,553 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the transaction, the vice president directly owned 906,370 shares of the company’s stock, valued at $17,601,705.40. This represents a 18.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kurt Allen sold 52,219 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president owned 216,641 shares in the company, valued at approximately $4,746,604.31. This trade represents a 19.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 426,679 shares of company stock worth $7,678,773 over the last quarter. Company insiders own 0.62% of the company’s stock.

Hecla Mining Stock Up 5.3%

HL stock opened at $26.55 on Friday. The stock has a market capitalization of $17.79 billion, a P/E ratio of 85.65 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.51. Hecla Mining Company has a 1-year low of $4.46 and a 1-year high of $26.58. The business has a fifty day moving average price of $18.39 and a 200-day moving average price of $12.58.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Hecla Mining had a return on equity of 7.87% and a net margin of 16.35%.The company had revenue of $409.54 million during the quarter, compared to the consensus estimate of $315.60 million. During the same period last year, the company earned $0.03 EPS. Hecla Mining’s revenue for the quarter was up 67.1% on a year-over-year basis. Equities analysts forecast that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, November 24th. Hecla Mining’s payout ratio is presently 3.23%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HL shares. Scotiabank initiated coverage on Hecla Mining in a research report on Thursday, November 13th. They issued a “sector perform” rating and a $15.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. CIBC increased their target price on Hecla Mining from $15.00 to $16.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 25th. Zacks Research raised Hecla Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, HC Wainwright increased their price objective on shares of Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.22.

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.