New Mexico Educational Retirement Board Invests $2.63 Million in Hecla Mining Company $HL

New Mexico Educational Retirement Board bought a new position in Hecla Mining Company (NYSE:HL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 137,200 shares of the basic materials company’s stock, valued at approximately $2,633,000.

Other institutional investors have also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky bought a new position in shares of Hecla Mining in the 3rd quarter worth approximately $1,785,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hecla Mining by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock valued at $284,651,000 after buying an additional 6,472,566 shares in the last quarter. Retirement Systems of Alabama bought a new position in Hecla Mining during the 4th quarter valued at approximately $15,433,000. First Trust Advisors LP increased its position in Hecla Mining by 374.2% during the 3rd quarter. First Trust Advisors LP now owns 3,277,748 shares of the basic materials company’s stock valued at $39,661,000 after buying an additional 2,586,464 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Hecla Mining by 2,648.5% during the 4th quarter. SG Americas Securities LLC now owns 565,059 shares of the basic materials company’s stock valued at $10,843,000 after buying an additional 544,500 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on HL. Zacks Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Roth Mkm set a $13.00 price objective on Hecla Mining in a research report on Wednesday, February 18th. HC Wainwright reduced their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hecla Mining currently has a consensus rating of “Hold” and a consensus price target of $22.25.

Hecla Mining Stock Performance

HL stock opened at $17.56 on Tuesday. The company has a market cap of $11.78 billion, a P/E ratio of 42.82 and a beta of 1.25. Hecla Mining Company has a 1 year low of $5.28 and a 1 year high of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. The stock’s fifty day moving average price is $18.38 and its 200-day moving average price is $19.99.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The firm had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the business earned $0.04 earnings per share. On average, equities analysts forecast that Hecla Mining Company will post 0.93 earnings per share for the current year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be paid a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, May 22nd. Hecla Mining’s dividend payout ratio (DPR) 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.