Louisiana State Employees Retirement System Takes Position in Hecla Mining Company $HL

Louisiana State Employees Retirement System bought a new stake in Hecla Mining Company (NYSE:HL) in the 1st quarter, Holdings Channel reports. The fund bought 194,300 shares of the basic materials company’s stock, valued at approximately $3,620,000.

Other large investors have also added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new position in Hecla Mining in the 4th quarter worth $28,000. Quadrant Capital Group LLC increased its position in shares of Hecla Mining by 74.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 631 shares during the last quarter. Sittner & Nelson LLC acquired a new position in shares of Hecla Mining in the fourth quarter worth about $29,000. Eurizon Capital SGR S.p.A. purchased a new position in Hecla Mining in the fourth quarter valued at about $31,000. Finally, Rothschild Investment LLC grew its stake in Hecla Mining by 93.5% during the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 781 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HL shares. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. HC Wainwright decreased their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings lowered shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Finally, Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, April 29th. Two 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 presently has a consensus rating of “Hold” and a consensus target price of $24.79.

Hecla Mining Stock Performance

HL stock opened at $15.53 on Friday. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The firm has a market cap of $10.42 billion, a P/E ratio of 37.89 and a beta of 1.25. Hecla Mining Company has a 12-month low of $5.47 and a 12-month high of $34.17. The stock’s 50 day simple moving average is $17.24 and its 200 day simple moving average is $19.99.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. During the same period in the prior year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 57.4% compared to the same quarter last year.

Hecla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were issued a $0.0038 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s payout ratio is 2.44%.

Hecla Mining Company 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.