State of New Jersey Common Pension Fund D Has $2.22 Million Stock Position in Hecla Mining (NYSE:HL)

State of New Jersey Common Pension Fund D increased its stake in Hecla Mining (NYSE:HLGet Rating) by 20.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 562,161 shares of the basic materials company’s stock after buying an additional 96,386 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.09% of Hecla Mining worth $2,215,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. State Street Corp boosted its stake in Hecla Mining by 23.3% in the first quarter. State Street Corp now owns 31,925,189 shares of the basic materials company’s stock valued at $209,748,000 after buying an additional 6,033,244 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Hecla Mining by 325.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,801,009 shares of the basic materials company’s stock valued at $44,682,000 after buying an additional 5,202,053 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Hecla Mining by 3.8% during the second quarter. Van ECK Associates Corp now owns 52,376,408 shares of the basic materials company’s stock valued at $205,315,000 after buying an additional 1,924,958 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Hecla Mining by 33.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,176,465 shares of the basic materials company’s stock valued at $34,009,000 after buying an additional 1,285,800 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Hecla Mining by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 51,369,578 shares of the basic materials company’s stock valued at $337,497,000 after buying an additional 601,946 shares during the last quarter. Institutional investors and hedge funds own 59.73% of the company’s stock.

Analyst Ratings Changes

HL has been the topic of a number of research analyst reports. BMO Capital Markets upped their target price on Hecla Mining from $4.75 to $5.00 and gave the stock a “market perform” rating in a research note on Friday, January 13th. B. Riley dropped their target price on Hecla Mining from $9.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, October 25th. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and increased their target price for the company from $4.75 to $5.00 in a report on Wednesday, October 19th. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and increased their target price for the company from $4.75 to $5.00 in a report on Wednesday, October 19th. Finally, StockNews.com started coverage on Hecla Mining in a report on Wednesday, October 12th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hecla Mining currently has an average rating of “Moderate Buy” and an average target price of $5.92.

Hecla Mining Stock Down 3.0 %

Shares of NYSE:HL opened at $6.04 on Wednesday. Hecla Mining has a 52-week low of $3.41 and a 52-week high of $7.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 1.76. The firm has a market capitalization of $3.66 billion, a P/E ratio of -150.96 and a beta of 1.95. The stock has a 50 day moving average price of $5.45 and a 200-day moving average price of $4.64.

Hecla Mining (NYSE:HLGet Rating) last released its earnings results on Wednesday, November 9th. The basic materials company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The business had revenue of $146.34 million for the quarter, compared to the consensus estimate of $167.49 million. Hecla Mining had a positive return on equity of 1.35% and a negative net margin of 2.96%. As a group, equities research analysts anticipate that Hecla Mining will post -0.01 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 7th. Investors of record on Friday, November 25th were paid a $0.004 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Wednesday, November 23rd. Hecla Mining’s payout ratio is -24.99%.

Hecla Mining Profile

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Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold.

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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