33,900 Shares in Hecla Mining Company $HL Bought by Strs Ohio

Strs Ohio acquired a new position in Hecla Mining Company (NYSE:HL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 33,900 shares of the basic materials company’s stock, valued at approximately $188,000.

Several other institutional investors also recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Hecla Mining by 24.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company’s stock worth $10,894,000 after purchasing an additional 380,448 shares during the last quarter. Aristeia Capital L.L.C. bought a new stake in shares of Hecla Mining in the first quarter worth $333,000. Goldman Sachs Group Inc. grew its stake in shares of Hecla Mining by 20.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock worth $23,827,000 after purchasing an additional 739,360 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hecla Mining by 12.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,124,216 shares of the basic materials company’s stock worth $67,411,000 after purchasing an additional 1,366,700 shares during the last quarter. Finally, Amundi grew its stake in shares of Hecla Mining by 41.7% in the first quarter. Amundi now owns 2,175,236 shares of the basic materials company’s stock worth $11,638,000 after purchasing an additional 639,602 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Trading Down 2.1%

HL opened at $10.93 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.67 and a quick ratio of 1.99. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $11.90. The firm has a market capitalization of $7.33 billion, a PE ratio of 68.34 and a beta of 1.29. The company’s 50-day moving average is $8.19 and its 200 day moving average is $6.50.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The company had revenue of $304.03 million for the quarter, compared to analyst estimates of $248.93 million. During the same quarter in the prior year, the business posted $0.02 EPS. The firm’s revenue was up 23.8% compared to the same quarter last year. As a group, research analysts predict that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd were paid a $0.0038 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is 6.25%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HL. HC Wainwright boosted their price objective on shares of Hecla Mining from $11.50 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. CIBC upped their price target on shares of Hecla Mining from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Roth Capital reaffirmed a “neutral” rating on shares of Hecla Mining in a research report on Thursday, August 7th. BMO Capital Markets upped their price target on shares of Hecla Mining from $6.00 to $6.50 and gave the company a “market perform” rating in a research report on Thursday, August 7th. Finally, Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.36.

Insider Buying and Selling

In other Hecla Mining news, VP Stuart Maurice Absolom sold 14,472 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $11.29, for a total value of $163,388.88. Following the completion of the sale, the vice president owned 73,200 shares in the company, valued at approximately $826,428. This trade represents a 16.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.62% of the company’s stock.

Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.