59,985 Shares in Hecla Mining Company $HL Acquired by South Dakota Investment Council

South Dakota Investment Council purchased a new stake in Hecla Mining Company (NYSE:HL) during the 1st quarter, Holdings Channel.com reports. The fund purchased 59,985 shares of the basic materials company’s stock, valued at approximately $1,118,000.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of Hecla Mining by 14.8% during the third quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock worth $417,278,000 after purchasing an additional 4,453,706 shares in the last quarter. Tidal Investments LLC boosted its position in Hecla Mining by 14.7% in the 2nd quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock valued at $120,509,000 after buying an additional 2,574,855 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hecla Mining by 40.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock valued at $102,144,000 after acquiring an additional 4,928,130 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Hecla Mining by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 16,620,647 shares of the basic materials company’s stock worth $319,000,000 after acquiring an additional 1,770,949 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Hecla Mining by 86.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company’s stock valued at $244,003,000 after acquiring an additional 5,906,313 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, April 29th. Zacks Research raised Hecla Mining to a “hold” rating in a research note on Friday, July 17th. 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, Scotiabank dropped their price objective on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hecla Mining currently has an average rating of “Hold” and an average price target of $24.12.

Hecla Mining Price Performance

HL opened at $14.12 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. Hecla Mining Company has a 52 week low of $5.62 and a 52 week high of $34.17. The firm has a market capitalization of $9.47 billion, a PE ratio of 34.43 and a beta of 1.29. The company has a fifty day moving average price of $15.66 and a two-hundred day moving average price of $19.24.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Hecla Mining’s revenue for the quarter was up 57.4% compared to the same quarter last year. As a group, analysts anticipate that Hecla Mining Company will post 0.47 earnings per share for the current year.

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.