New York State Common Retirement Fund Grows Stock Position in Hecla Mining Company $HL

New York State Common Retirement Fund increased its holdings in Hecla Mining Company (NYSE:HL) by 49.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 268,114 shares of the basic materials company’s stock after acquiring an additional 89,164 shares during the period. New York State Common Retirement Fund’s holdings in Hecla Mining were worth $3,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in shares of Hecla Mining by 20.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock valued at $23,827,000 after purchasing an additional 739,360 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Hecla Mining by 24.1% in the 1st 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 valued at $10,894,000 after buying an additional 380,448 shares during the period. KLP Kapitalforvaltning AS lifted its position in Hecla Mining by 1.5% in the second quarter. KLP Kapitalforvaltning AS now owns 125,800 shares of the basic materials company’s stock valued at $754,000 after buying an additional 1,900 shares during the last quarter. Inspire Investing LLC lifted its position in Hecla Mining by 6.2% in the second quarter. Inspire Investing LLC now owns 65,686 shares of the basic materials company’s stock valued at $393,000 after buying an additional 3,824 shares during the last quarter. Finally, U S Global Investors Inc. boosted its stake in Hecla Mining by 10.0% during the second quarter. U S Global Investors Inc. now owns 550,000 shares of the basic materials company’s stock worth $3,294,000 after buying an additional 50,000 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Up 6.7%

Shares of Hecla Mining stock opened at $22.74 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.51 and a current ratio of 2.15. The company has a market cap of $15.24 billion, a P/E ratio of 73.35 and a beta of 1.25. Hecla Mining Company has a one year low of $4.46 and a one year high of $34.17. The firm has a fifty day moving average of $21.82 and a two-hundred day moving average of $14.75.

Hecla Mining (NYSE:HL) last released its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $409.54 million during the quarter, compared to the consensus estimate of $315.60 million. Hecla Mining had a return on equity of 7.87% and a net margin of 16.35%.Hecla Mining’s quarterly revenue was up 67.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. On average, analysts forecast that Hecla Mining Company will post 0.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HL. HC Wainwright upped their price objective on shares of Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Roth Mkm reissued a “sell” rating and issued a $16.00 target price on shares of Hecla Mining in a research report on Tuesday, January 27th. Canaccord Genuity Group set a $26.50 price target on Hecla Mining in a research report on Friday, January 23rd. Zacks Research raised shares of Hecla Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.00.

Insider Transactions at Hecla Mining

In other news, VP Kurt Allen sold 52,219 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the completion of the sale, the vice president owned 216,641 shares in the company, valued at approximately $4,746,604.31. The trade was a 19.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David C. Sienko sold 207,553 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the sale, the vice president directly owned 906,370 shares of the company’s stock, valued at approximately $17,601,705.40. This trade represents a 18.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 426,679 shares of company stock valued at $7,678,773 over the last three months. 0.62% of the stock is currently owned by insiders.

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.